iPath SP Performance

iPath SP GSCI Crude Oil TR ETN -- USA Etf  

USD 6.78  0.14  2.02%

The entity maintains market beta of 0.4874 which attests that as returns on market increase, iPath SP returns are expected to increase less than the market. However during bear market, the loss on holding iPath SP will be expected to be smaller as well.. 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 0.1047% will be sustainable into the future.
 Time Horizon     30 Days    Login   to change

iPath SP GSCI Relative Risk vs. Return Landscape

If you would invest  680.00  in iPath SP GSCI Crude Oil TR ETN on February 16, 2018 and sell it today you would earn a total of  12.00  from holding iPath SP GSCI Crude Oil TR ETN or generate 1.76% return on investment over 30 days. iPath SP GSCI Crude Oil TR ETN is generating 0.1047% of daily returns assuming volatility of 1.9036% on return distribution over 30 days investment horizon. In other words, 17% of equities are less volatile than the company and above 99% 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 1.99 times more return on investment than the market. However, the company is 1.99 times more volatile than its market benchmark. It trades about 0.06 of its potential returns per unit of risk. The DOW is currently generating roughly -0.04 per unit of risk.

iPath SP Realized Returns

iPath SP Daily Price Distribution

The median price of iPath SP for the period between Fri, Feb 16, 2018 and Sun, Mar 18, 2018 is 6.8 with a coefficient of variation of 1.98. The daily time series for the period is distributed with a sample standard deviation of 0.14, arithmetic mean of 6.84, and mean deviation of 0.11. The Etf received some media coverage during the period.

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 3 (%) of all global equities and portfolios over the last 30 days.

One Month Efficiency

iPath SP Sharpe Ratio = 0.055
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Estimated Market Risk

  actual daily
 83 %
of total potential

Expected Return

  actual daily
 1 %
of total potential

Risk-Adjusted Return

  actual daily
 3 %
of total potential
Based on monthly moving average iPath SP is performing at about 3% 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.