|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 TrendCheck current 30 days iPath Seasonal correlation with market (DOW)|
β = 0.4214
iPath Seasonal Natural Technical Analysis
iPath Seasonal Projected Return Density Against MarketGiven 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
iPath Seasonal Return VolatilityiPath 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.