VelocityShares 3x is not very risky given 1 month investment horizon. VelocityShares 3x Inv
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.3229 which indicates VelocityShares 3x Inv
had 0.3229% of return per unit of risk over the last 1 month. Our philosophy towards measuring risk of a etf is to use both market data as well as company specific technical data. We found twenty-one different technical indicators
which can help you to evaluate if expected returns of 1.0527% are justified by taking the suggested risk. Use VelocityShares 3x Inv Semi Deviation
of 2.51, Coefficient Of Variation
of 332.31 and Risk Adjusted Performance
of 0.1525 to evaluate company specific risk that cannot be diversified away. The entity has beta of -0.8095 which indicates as returns on market increase, returns on owning VelocityShares 3x are expected to decrease at a much smaller rate. During bear market, VelocityShares 3x is likely to outperform the market.. Although it is vital to follow to VelocityShares 3x Inv
current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. Macroaxis philosophy towards measuring future performance of any etf is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators
. To evaluate if VelocityShares 3x Inv Natural Gas ETN expected return of 1.0527 will be sustainable into the future, we have found twenty-one different technical indicators
which can help you to check if the expected returns are sustainable.
|15 days auto-correlation|| 0.65 |
VelocityShares 3x Inv Natural Gas ETN has good predictability. Overlapping area represents the amount of predictability between VelocityShares 3x time series from June 21, 2018 to July 6, 2018 and July 6, 2018 to July 21, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of VelocityShares 3x Inv price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current VelocityShares 3x price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.65|
|Spearman Rank Test|| 0.67|
|Price Variance|| 1.04|
|Lagged Price Variance|| 1.13|