Ipath Bloomberg Commodity Etf Profile
| DJP Etf | USD 32.15 0.01 0.03% |
Performance14 of 100
| Odds Of DistressLess than 9
|
IPath Bloomberg is selling at 32.15 as of the 19th of April 2024; that is -0.03 percent down since the beginning of the trading day. The etf's last reported lowest price was 32.11. IPath Bloomberg has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for iPath Bloomberg Commodity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The Dow Jones-UBS Commodity Index Total ReturnService Mark reflects the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index plus the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. More on iPath Bloomberg Commodity
Moving together with IPath Etf
| 0.98 | PDBC | Invesco Optimum Yield | PairCorr |
| 0.94 | FTGC | First Trust Global | PairCorr |
| 0.98 | DBC | Invesco DB Commodity Sell-off Trend | PairCorr |
| 0.94 | COMT | iShares GSCI Commodity | PairCorr |
| 0.91 | GSG | iShares SP GSCI | PairCorr |
| 0.98 | BCI | abrdn Bloomberg All | PairCorr |
Moving against IPath Etf
| 0.68 | YCL | ProShares Ultra Yen | PairCorr |
| 0.61 | FXY | Invesco CurrencyShares | PairCorr |
IPath Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. IPath Bloomberg's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IPath Bloomberg or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO - Barclays UK | Ashok Vaswani |
| Thematic Idea | Broad Commodities ETFs (View all Themes) |
| Business Concentration | Broad Commodities ETFs, Commodities Broad Basket, Milleis Investissements Funds (View all Sectors) |
| Issuer | Barclays Capital |
| Inception Date | 2006-06-06 |
| Benchmark | Bloomberg Commodity USD Total Return Index |
| Entity Type | Exchange-Traded Note |
| Asset Under Management | 503.86 Million |
| Average Trading Valume | 67,437.9 |
| Asset Type | Commodities |
| Category | Broad Commodities |
| Focus | Broad Commodities |
| Market Concentration | Blended Development |
| Region | Global |
| Fiscal Year End | 31-Mar |
| Exchange | NYSE Arca, Inc. |
| Market Maker | Virtu Financial |
| Country Name | USA |
| Returns Y T D | 5.79 |
| Name | iPath Bloomberg Commodity Index Total Return ETN |
| Currency Code | USD |
| Open Figi | BBG000JL50K4 |
| In Threey Volatility | 17.87 |
| 1y Volatility | 12.89 |
| 200 Day M A | 31.3779 |
| 50 Day M A | 30.8204 |
| Code | DJP |
| Updated At | 19th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.44 |
| Type | ETF |
iPath Bloomberg Commodity [DJP] is traded in USA and was established 2006-06-06. The fund is classified under Commodities Broad Basket category within Milleis Investissements Funds family. The entity is thematically classified as Broad Commodities ETFs. iPath Bloomberg Commodity currently have 1.01 B in assets under management (AUM). , while the total return for the last 3 years was 9.2%.
Check IPath Bloomberg Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on IPath Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding IPath Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as iPath Bloomberg Commodity Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top iPath Bloomberg Commodity Etf Constituents
| Industrial Metals | 14.56% |
| Grains Oilseeds | 19.07% |
| Energy | 39.79% |
| Precious Metals | 13.59% |
| Livestock | 4.84% |
| Softs | 8.14% |
IPath Bloomberg Target Price Odds Analysis
In regard to a normal probability distribution, the odds of IPath Bloomberg jumping above the current price in 90 days from now is about 5.75%. The iPath Bloomberg Commodity probability density function shows the probability of IPath Bloomberg etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon IPath Bloomberg has a beta of 0.0675 suggesting as returns on the market go up, IPath Bloomberg average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding iPath Bloomberg Commodity will be expected to be much smaller as well. Additionally, iPath Bloomberg Commodity has an alpha of 0.0929, implying that it can generate a 0.0929 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of IPath Bloomberg to move above the current price in 90 days from now is about 5.75 (This iPath Bloomberg Commodity probability density function shows the probability of IPath Etf to fall within a particular range of prices over 90 days) .
IPath Bloomberg Top Holders
| BCSAX | Blackrock Commodity Strategies | Mutual Fund | Commodities Broad Basket |
| BCSCX | Blackrock Commodity Strategies | Mutual Fund | Commodities Broad Basket |
| BCSKX | Blackrock Commodity Strategies | Mutual Fund | Commodities Broad Basket |
| BICSX | Blackrock Commodity Strategies | Mutual Fund | Commodities Broad Basket |
iPath Bloomberg Commodity Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. IPath Bloomberg market risk premium is the additional return an investor will receive from holding IPath Bloomberg long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IPath Bloomberg. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although IPath Bloomberg's alpha and beta are two of the key measurements used to evaluate IPath Bloomberg's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1046 | |||
| Jensen Alpha | 0.0929 | |||
| Total Risk Alpha | 0.0369 | |||
| Sortino Ratio | 0.0657 |
IPath Bloomberg Against Markets
Picking the right benchmark for IPath Bloomberg etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in IPath Bloomberg etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for IPath Bloomberg is critical whether you are bullish or bearish towards iPath Bloomberg Commodity at a given time. Please also check how IPath Bloomberg's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in IPath Bloomberg without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy IPath Etf?
Before investing in IPath Bloomberg, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in IPath Bloomberg. To buy IPath Bloomberg etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of IPath Bloomberg. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase IPath Bloomberg etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located iPath Bloomberg Commodity etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased iPath Bloomberg Commodity etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as iPath Bloomberg Commodity, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy IPath Etf please use our How to Invest in IPath Bloomberg guide.
Already Invested in iPath Bloomberg Commodity?
The danger of trading iPath Bloomberg Commodity is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IPath Bloomberg is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IPath Bloomberg. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile iPath Bloomberg Commodity is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether iPath Bloomberg Commodity is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if IPath Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ipath Bloomberg Commodity Etf. Highlighted below are key reports to facilitate an investment decision about Ipath Bloomberg Commodity Etf: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iPath Bloomberg Commodity. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of iPath Bloomberg Commodity is measured differently than its book value, which is the value of IPath that is recorded on the company's balance sheet. Investors also form their own opinion of IPath Bloomberg's value that differs from its market value or its book value, called intrinsic value, which is IPath Bloomberg's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IPath Bloomberg's market value can be influenced by many factors that don't directly affect IPath Bloomberg's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IPath Bloomberg's value and its price as these two are different measures arrived at by different means. Investors typically determine if IPath Bloomberg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IPath Bloomberg's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.