DJP Stock Summary and Trading Ideas (iPath Bloomberg Commodity Index Total Return ETN | ARCA:DJP)

The iPath Bloomberg-UBS Commodity Index Total Return ETN is linked to the Bloomberg-UBS Commodity Index Total Returnand 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. The commodities represented in the Bloomberg-UBS Commodity Index Total Return are rebalanced annually; however, the weightings fluctuate between rebalancings due to changes in market prices.

iPath Bloomberg Commodity Index Total Return ETN trades on the ARCA stock market under the symbol DJP.

As of April 19, 2024, DJP stock price climbed to $32.49 with 39,424 million shares trading.

DJP has a beta of 0.19, meaning it tends to be less sensitive to market movements. DJP has a correlation of 0.03 to the broad based SPY ETF.

DJP has a market cap of $504.76 million. This is considered a Small Cap stock.

In the last 3 years, DJP stock traded as high as $41.71 and as low as $24.64.

DJP stock has underperformed the market in the last year with a return of -0.6%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DJP shares. However, DJP has outperformed the market in the last 3 month and 2 week periods, returning +8.1% and +1.1%, while SPY returned +4.3% and -3.5%, respectively. This indicates DJP has been having a stronger performance recently.

DJP support price is $31.87 and resistance is $32.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DJP stock will trade within this expected range on the day.