Macroaxis considers iPath Pure to be not too risky. iPath Pure Beta shows Sharpe Ratio of -0.2197 which attests that iPath Pure Beta had -0.2197% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. iPath Pure Beta exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out iPath Pure Beta Mean Deviation of 0.51 to validate risk estimate we provide.
|Time Horizon||30 Days Login to change|
iPath Pure Beta Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, iPath Pure has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and iPath Pure are completely uncorrelated. Furthermore, iPath Pure Beta Broad Commodity ETNIt does not look like iPath Pure alpha can have any bearing on the equity current valuation.
Predicted Return Density