|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.
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 (%)
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.