iPath Seasonal Risk Analysis And Volatility Evaluation

DCNG -- USA iPath Seasonal Natural Gas ETN  

USD 16.70  0.00  0.00%

Our philosophy towards determining volatility of an ipath seasonal natural gas etn is to use all available market data together with ipath seasonal natural gas etn specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for iPath Seasonal Natural which you can use to evaluate future volatility of the ipath seasonal natural gas etn. Please check out iPath Seasonal Natural Market Risk Adjusted Performance of 0.2578 and Mean Deviation of 0.3202 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

iPath Seasonal Market Sensitivity

As returns on market increase, iPath Seasonal returns are expected to increase less than the market. However during bear market, the loss on holding iPath Seasonal will be expected to be smaller as well.
One Month Beta |Analyze iPath Seasonal Natural Demand Trend
Check current 30 days iPath Seasonal correlation with market (DOW)
β = 0.4214
iPath Seasonal Small BetaiPath Seasonal Natural Beta Legend

iPath Seasonal Natural Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

iPath Seasonal Projected Return Density Against Market

Given the investment horizon of 30 days, iPath Seasonal has beta of 0.4214 suggesting as returns on market go up, iPath Seasonal average returns are expected to increase less than the benchmark. However during bear market, the loss on holding iPath Seasonal Natural Gas ETN will be expected to be much smaller as well. Moreover, iPath Seasonal Natural Gas ETN has an alpha of 0.0657 implying that it can potentially generate 0.0657% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.07
β
Beta against DOW=0.42
σ
Overall volatility
=0.00
Ir
Information ratio =0.0233

iPath Seasonal Return Volatility

iPath Seasonal Natural Gas ETN inherits 0.0% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.3801% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

iPath Seasonal Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

iPath Seasonal Investment Opportunity

DOW has a standard deviation of returns of 0.38 and is 9.223372036854776E16 times more volatile than iPath Seasonal Natural Gas ETN. 0% of all equities and portfolios are less risky than iPath Seasonal. Compared to the overall equity markets, volatility of historical daily returns of iPath Seasonal Natural Gas ETN is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use iPath Seasonal Natural Gas ETN to protect against small markets fluctuations. The ipath seasonal natural gas etn experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of iPath Seasonal to be traded at $16.53 in 30 days. As returns on market increase, iPath Seasonal returns are expected to increase less than the market. However during bear market, the loss on holding iPath Seasonal will be expected to be smaller as well.

iPath Seasonal correlation with market

Weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding iPath Seasonal Natural Gas ETN and equity matching DJI index in the same portfolio.

iPath Seasonal Volatility Indicators

iPath Seasonal Natural Gas ETN Current Risk Indicators

Additionally see Investing Opportunities. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Search macroaxis.com