This module allows you to analyze existing cross correlation between iPath Pure Beta Energy ETN and United States Oil. You can compare the effects of market volatilities on iPath Pure and United States and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in iPath Pure with a short position of United States. See also your portfolio center. Please also check ongoing floating volatility patterns of iPath Pure and United States.
|Time Horizon||30 Days Login to change|
Considering 30-days investment horizon, iPath Pure Beta Energy ETN is expected to generate 0.58 times more return on investment than United States. However, iPath Pure Beta Energy ETN is 1.71 times less risky than United States. It trades about 0.08 of its potential returns per unit of risk. United States Oil is currently generating about -0.08 per unit of risk. If you would invest 2,040 in iPath Pure Beta Energy ETN on January 19, 2018 and sell it today you would earn a total of 15.00 from holding iPath Pure Beta Energy ETN or generate 0.74% return on investment over 30 days.