iPath SP Performance

iPath SP GSCI Crude Oil TR ETN -- USA Etf  

USD 6.03  0.11  1.79%

The entity maintains market beta of -0.7518 which attests that as returns on market increase, returns on owning iPath SP are expected to decrease at a much smaller rate. During bear market, iPath SP is likely to outperform the market.. Although it is extremely important to respect iPath SP GSCI historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By examining iPath SP GSCI technical indicators you can presently evaluate if the expected return of 0.2384% will be sustainable into the future.
Investment Horizon     30 Days    Login   to change

iPath SP GSCI Relative Risk vs. Return Landscape

If you would invest  586  in iPath SP GSCI Crude Oil TR ETN on November 16, 2017 and sell it today you would earn a total of  28  from holding iPath SP GSCI Crude Oil TR ETN or generate 4.78% return on investment over 30 days. iPath SP GSCI Crude Oil TR ETN is generating 0.2384% of daily returns assuming volatility of 1.8269% on return distribution over 30 days investment horizon. In other words, 17% of equities are less volatile than the company and above 96% of equities are expected to generate higher returns over the next 30 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering 30-days investment horizon, iPath SP GSCI Crude Oil TR ETN is expected to generate 3.88 times more return on investment than the market. However, the company is 3.88 times more volatile than its market benchmark. It trades about 0.13 of its potential returns per unit of risk. The DOW is currently generating roughly 0.5 per unit of risk.

iPath SP Realized Returns

iPath SP Daily Price Distribution

The median price of iPath SP for the period between Thu, Nov 16, 2017 and Sat, Dec 16, 2017 is 6.14 with a coefficient of variation of 2.07. The daily time series for the period is distributed with a sample standard deviation of 0.13, arithmetic mean of 6.11, and mean deviation of 0.1. The Etf did not receive any noticable media coverage during the period.
8 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in iPath SP GSCI Crude Oil TR ETN are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.

One Month Efficiency

iPath SP Sharpe Ratio = 0.1305
Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small ReturnsOIL
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative Returns

Estimated Market Risk

 1.83
  actual daily
 
 83 %
of total potential
  

Expected Return

 0.24
  actual daily
 
 4 %
of total potential
  

Risk-Adjusted Return

 0.13
  actual daily
 
 8 %
of total potential
  
Based on monthly moving average iPath SP is performing at about 8% 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 SP by adding it to a well-diversified portfolio.