iPath Series Performance

iPath Series B SP GSCI Crude Oil -- USA Etf  

USD 60.65  1.53  2.59%

The entity maintains market beta of 0.1249 which attests that as returns on market increase, iPath Series returns are expected to increase less than the market. However during bear market, the loss on holding iPath Series will be expected to be smaller as well.. Even though it is essential to pay attention to iPath Series B historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. iPath Series B exposes twenty-one different technical indicators which can help you to evaluate its performance.
 Time Horizon     30 Days    Login   to change

iPath Series B Relative Risk vs. Return Landscape

If you would invest  6,247  in iPath Series B SP GSCI Crude Oil on January 21, 2018 and sell it today you would lose (181.78)  from holding iPath Series B SP GSCI Crude Oil or give up 2.91% of portfolio value over 30 days. iPath Series B SP GSCI Crude Oil is currenly does not generate positive expected returns and assumes 1.6799% risk (volatility on return distribution) over the 30 days horizon. In different words, 15% of equities are less volatile than iPath Series B SP GSCI Crude Oil and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 30 days, iPath Series B SP GSCI Crude Oil is expected to generate 0.97 times more return on investment than the market. However, the company is 1.04 times less risky than the market. It trades about -0.08 of its potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of risk.

iPath Series Realized Returns

iPath Series Daily Price Distribution

The median price of iPath Series for the period between Sun, Jan 21, 2018 and Tue, Feb 20, 2018 is 62.53 with a coefficient of variation of 3.22. The daily time series for the period is distributed with a sample standard deviation of 2.0, arithmetic mean of 62.13, and mean deviation of 1.64. The Etf received some media coverage during the period.
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Risk-Adjusted Performance

Over the last 30 days iPath Series B SP GSCI Crude Oil has generated negative risk-adjusted returns adding no value to investors with long positions.

One Month Efficiency

iPath Series Sharpe Ratio = -0.0798
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Estimated Market Risk

 1.68
  actual daily
 
 85 %
of total potential
  

Expected Return

 -0.13
  actual daily
 
 1 %
of total potential
  

Risk-Adjusted Return

 -0.08
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average iPath Series is performing at about 0% 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 Series by adding it to a well-diversified portfolio.