VelocityShares 3x Backtesting

VelocityShares 3x Inv Natural Gas ETN -- USA Etf  

USD 39.81  1.6  4.19%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of VelocityShares 3x Inv Natural Gas ETN and determine expected loss or profit from investing in VelocityShares 3x over given investment horizon. Additionally see VelocityShares 3x Hype Analysis, VelocityShares 3x Correlation, Portfolio Optimization, VelocityShares 3x Volatility as well as analyze VelocityShares 3x Alpha and Beta and VelocityShares 3x Performance
Investment Horizon     30 Days    Login   to change

VelocityShares 3x 'What if' Analysis

November 15, 2017
No Change 0.00  0.0%
In 31 days
December 15, 2017
If you would invest  0.00  in VelocityShares 3x on November 15, 2017 and sell it all today you would earn a total of 0.00 from holding VelocityShares 3x Inv Natural Gas ETN or generate 0.0% return on investment in VelocityShares 3x over 30 days. VelocityShares 3x is related to or competes with ProShares UltraShort, VelocityShares 3x, DB Crude, ProShares UltraShort, DB Gold, and ProShares UltraShort. The investment seeks to replicate, net of expenses, three times the opposite of this GSCI Natural Gas Index ER

VelocityShares 3x Upside/Downside Indicators


VelocityShares 3x Market Premium Indicators

VelocityShares 3x Inv lagged returns against current returns

 Current and Lagged Values 

VelocityShares 3x regressed lagged prices vs. current prices

 Current vs Lagged Prices 

VelocityShares 3x Inv Backtested Returns

VelocityShares 3x is not very volatile given 1 month investment horizon. VelocityShares 3x Inv owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.3016 which indicates VelocityShares 3x Inv had 0.3016% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a etf is to use VelocityShares 3x Inv market data together with company specific technical indicators. We found twenty-eight different technical indicators which can help you to evaluate if expected returns of 2.0953% are justified by taking the suggested risk. Use VelocityShares 3x Inv Semi Deviation of 4.47, Coefficient Of Variation of 329.67 and Risk Adjusted Performance of 0.1616 to evaluate company specific risk that cannot be diversified away. The entity has beta of 1.2417 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, VelocityShares 3x will likely underperform.. Although it is essential to pay attention to VelocityShares 3x Inv current price movements, it is also good to be reasonable about what you can actually do with 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 available fundamental and technical indicators. To evaluate if VelocityShares 3x Inv Natural Gas ETN expected return of 2.0953 will be sustainable into the future, we have found twenty-eight different technical indicators which can help you to check if the expected returns are sustainable.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.34 

Below average predictability

VelocityShares 3x Inv Natural Gas ETN has below average predictability. Overlapping area represents the amount of predictability between VelocityShares 3x time series from November 15, 2017 to November 30, 2017 and November 30, 2017 to December 15, 2017. 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 0.34 indicates that nearly 34.0% of current VelocityShares 3x price fluctuation can be explain by its past prices.
Correlation Coefficient 0.34
Spearman Rank Test 0.18
Price Variance 16.25
Lagged Price Variance 4.44

VelocityShares 3x Lagged Returns

 Regressed Prices 

VelocityShares 3x Performance vs DOW

The median price of VelocityShares 3x for the period between Wed, Nov 15, 2017 and Fri, Dec 15, 2017 is 28.71 with a coefficient of variation of 15.74. The daily time series for the period is distributed with a sample standard deviation of 4.73, arithmetic mean of 30.04, and mean deviation of 4.06. The Etf received some media coverage during the period.
Price Growth (%)  
Short Interest in VelocityShares 3X Long Natural Gas ETN lin...12/14/2017