VelocityShares 3x Backtesting

VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER -- USA Etf  

USD 16.56  0.32  1.9%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER 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
SymbolX
Backtest

VelocityShares 3x 'What if' Analysis

November 14, 2017
0.00
No Change 0.00  0.0%
In 31 days
December 14, 2017
0.00
If you would invest  0.00  in VelocityShares 3x on November 14, 2017 and sell it all today you would earn a total of 0.00 from holding VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER or generate 0.0% return on investment in VelocityShares 3x over 30 days. VelocityShares 3x is related to or competes with ProShares UltraShort, DB Crude, ProShares UltraShort, DB Gold, and ProShares UltraShort. The investment seeks to replicate, net of expenses, three times the opposite of the SP GSCI Crude Oil Index ER

VelocityShares 3x Upside/Downside Indicators

  

VelocityShares 3x Market Premium Indicators

VelocityShares 3x In lagged returns against current returns

 Current and Lagged Values 
      Timeline 

VelocityShares 3x regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

VelocityShares 3x In Backtested Returns

Macroaxis considers VelocityShares 3x to be moderately volatile. VelocityShares 3x In owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0758 which indicates VelocityShares 3x In had -0.0758% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate VelocityShares 3x Semi Deviation of 4.18, Coefficient Of Variation of 14446.41 and Risk Adjusted Performance of 0.0123 to confirm risk estimate we provide. The entity has beta of 0.5936 which indicates as returns on market increase, VelocityShares 3x returns are expected to increase less than the market. However during bear market, the loss on holding VelocityShares 3x will be expected to be smaller as well.. Even though it is essential to pay attention to VelocityShares 3x In current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.19) 

Insignificant reverse predictability

VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER has insignificant reverse predictability. Overlapping area represents the amount of predictability between VelocityShares 3x time series from November 14, 2017 to November 29, 2017 and November 29, 2017 to December 14, 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 In price movement. The serial correlation of -0.19 indicates that over 19.0% of current VelocityShares 3x price fluctuation can be explain by its past prices. Given that VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of VelocityShares 3x for similar time interval.
Correlation Coefficient -0.19
Spearman Rank Test -0.13
Price Variance 0.27
Lagged Price Variance 1.09

VelocityShares 3x Lagged Returns

 Regressed Prices 
      Timeline 

VelocityShares 3x Performance vs DOW

The median price of VelocityShares 3x for the period between Tue, Nov 14, 2017 and Thu, Dec 14, 2017 is 16.47 with a coefficient of variation of 5.27. The daily time series for the period is distributed with a sample standard deviation of 0.88, arithmetic mean of 16.73, and mean deviation of 0.71. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline