iPath Seasonal Performance

iPath Seasonal Natural Gas ETN -- USA Etf  

USD 17.86  0.05  0.28%

The entity maintains market beta of 1.7486 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, iPath Seasonal will likely underperform.. Even though it is essential to pay attention to iPath Seasonal Natural historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. iPath Seasonal Natural exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Investment Horizon     30 Days    Login   to change

Relative Risk vs. Return Landscape

If you would invest  1,836  in iPath Seasonal Natural Gas ETN on September 23, 2017 and sell it today you would lose (50)  from holding iPath Seasonal Natural Gas ETN or give up 2.72% of portfolio value over 30 days. iPath Seasonal Natural Gas ETN is currenly does not generate positive expected returns and assumes 1.2393% risk (volatility on return distribution) over the 30 days horizon. In different words, 11% of equities are less volatile than iPath Seasonal Natural Gas ETN and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 30 days, iPath Seasonal Natural Gas ETN is expected to under-perform the market. In addition to that, the company is 4.81 times more volatile than its market benchmark. It trades about -0.22 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.84 per unit of volatility.

iPath Seasonal Realized Returns

iPath Seasonal Daily Price Distribution

The median price of iPath Seasonal for the period between Sat, Sep 23, 2017 and Mon, Oct 23, 2017 is 18.07 with a coefficient of variation of 2.39. The daily time series for the period is distributed with a sample standard deviation of 0.43, arithmetic mean of 18.17, and mean deviation of 0.32. The Etf did not receive any noticable media coverage during the period.

One Month Efficiency

iPath Seasonal Sharpe Ratio = -0.2169
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Estimated Market Risk

 1.24
  actual daily
 
 89 %
of total potential
  

Expected Return

 -0.27
  actual daily
 
 1 %
of total potential
  

Risk-Adjusted Return

 -0.22
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average iPath Seasonal is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of iPath Seasonal by adding it to a well-diversified portfolio.