VelocityShares 3x Backtesting

VelocityShares 3x Invrs Crude Oil ETNNew -- USA Etf  

USD 11.74  0.04  0.34%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of VelocityShares 3x Invrs Crude Oil ETNNew 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
 Time Horizon     30 Days    Login   to change

VelocityShares 3x 'What if' Analysis

February 17, 2018
No Change 0.00  0.0%
In 31 days
March 19, 2018
If you would invest  0.00  in VelocityShares 3x on February 17, 2018 and sell it all today you would earn a total of 0.00 from holding VelocityShares 3x Invrs Crude Oil ETNNew or generate 0.0% return on investment in VelocityShares 3x over 30 days. VelocityShares 3x is related to or competes with First Trust, Portfolio Emerging, Portfolio Developed, Portfolio SP, U S, and Franklin FTSE. 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 Invrs lagged returns against current returns

 Current and Lagged Values 

VelocityShares 3x regressed lagged prices vs. current prices

 Current vs Lagged Prices 

VelocityShares 3x Invrs Backtested Returns

Macroaxis considers VelocityShares 3x to be relatively risky. VelocityShares 3x Invrs owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0524 which indicates VelocityShares 3x Invrs had -0.0524% 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 Invrs Crude Oil ETNNew exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate VelocityShares 3x Coefficient Of Variation of 1,735 and Risk Adjusted Performance of 0.057221 to confirm risk estimate we provide. The entity has beta of 1.0717 which indicates VelocityShares 3x returns are very sensitive to returns on the market. as market goes up or down, VelocityShares 3x is expected to follow.. Even though it is essential to pay attention to VelocityShares 3x Invrs 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 Invrs Crude Oil ETNNew exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.17) 

Insignificant reverse predictability

VelocityShares 3x Invrs Crude Oil ETNNew has insignificant reverse predictability. Overlapping area represents the amount of predictability between VelocityShares 3x time series from February 17, 2018 to March 4, 2018 and March 4, 2018 to March 19, 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 Invrs price movement. The serial correlation of -0.17 indicates that over 17.0% of current VelocityShares 3x price fluctuation can be explain by its past prices. Given that VelocityShares 3x Invrs Crude Oil ETNNew 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 -0.17
Spearman Rank Test -0.03
Price Variance 0.17
Lagged Price Variance 0.28

VelocityShares 3x Lagged Returns

 Regressed Prices 

VelocityShares 3x Performance vs DOW

The median price of VelocityShares 3x for the period between Sat, Feb 17, 2018 and Mon, Mar 19, 2018 is 12.41 with a coefficient of variation of 4.07. The daily time series for the period is distributed with a sample standard deviation of 0.49, arithmetic mean of 12.17, and mean deviation of 0.42. The Etf did not receive any noticable media coverage during the period.
 Price Growth (%)