|Horizon||30 Days Login to change|
iPath Pure Market Sensitivity
|As returns on market increase, iPath Pure returns are expected to increase less than the market. However during bear market, the loss on holding iPath Pure will be expected to be smaller as well.One Month Beta |Analyze iPath Pure Beta Demand TrendCheck current 30 days iPath Pure correlation with market (DOW)|
β = 0.4253
iPath Pure Beta Technical Analysis
iPath Pure Projected Return Density Against MarketConsidering 30-days investment horizon, iPath Pure has beta of 0.4253 . This suggests as returns on market go up, iPath Pure average returns are expected to increase less than the benchmark. However during bear market, the loss on holding iPath Pure Beta Broad Commodity ETN will be expected to be much smaller as well. Moreover, iPath Pure Beta Broad Commodity ETN has an alpha of 0.132 implying that it can potentially generate 0.132% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
iPath Pure Return VolatilityiPath Pure Beta Broad Commodity ETN has volatility of 0.9095% on return distribution over 30 days investment horizon. DOW inherits 1.0568% risk (volatility on return distribution) over the 30 days horizon.