We consider iPath Pure not too risky. iPath Pure Beta shows Sharpe Ratio of 0.0894 which attests that iPath Pure Beta had 0.0894% of return per unit of risk over the last 2 months. Our philosophy towards determining volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for iPath Pure Beta which you can use to evaluate future volatility of the etf. Please check out iPath Pure Beta Market Risk Adjusted Performance of 6.66, Mean Deviation of 0.5519 and Downside Deviation of 0.644 to validate if risk estimate we provide are consistent with the epected return of 0.0635%.
|Time 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.2 Months Beta |Analyze iPath Pure Beta Demand TrendCheck current 30 days iPath Pure correlation with market (DOW)|
β = 0.0114
iPath Pure Beta Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, iPath Pure has beta of 0.0114 . 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 0.0765 implying that it can potentially generate 0.0765% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density