|iPath SP GSCI Crude Oil TR ETN -- USA Etf|| |
USD 6.13 0.03 0.49%
The entity maintains market beta of -0.4682 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 0.2052% will be sustainable into the future.
iPath SP GSCI Relative Risk vs. Return Landscape
If you would invest 586
in iPath SP GSCI Crude Oil TR ETN on November 15, 2017
and sell it today you would earn a total of 25
from holding iPath SP GSCI Crude Oil TR ETN or generate 4.27%
return on investment over 30
days. iPath SP GSCI Crude Oil TR ETN is generating 0.2052% of daily returns assuming volatility of 1.781% on return distribution over 30 days investment horizon. In other words, 16% of equities are less volatile than the company and above 97% 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 1.15 times less return on investment than the market. In addition to that, the company is 3.77 times more volatile than its market benchmark. It trades about 0.12 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.5 per unit of volatility.
iPath SP Realized Returns
iPath SP Daily Price Distribution
The median price of iPath SP for the period between Wed, Nov 15, 2017 and Fri, Dec 15, 2017 is 6.13 with a coefficient of variation of 2.2. The daily time series for the period is distributed with a sample standard deviation of 0.13, arithmetic mean of 6.1, and mean deviation of 0.11. The Etf did not receive any noticable media coverage during the period.