VelocityShares 3x Backtesting

DWT -- USA Etf  

USD 7.43  0.11  1.46%

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
SymbolX
Backtest

VelocityShares 3x 'What if' Analysis

June 17, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 17, 2018
0.00
If you would invest  0.00  in VelocityShares 3x on June 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 United States, PowerShares DB, United States, PowerShares DB, VelocityShares 3x, and ProShares Trust. VelocityShares 3x Invrs Crude Oil ETNNew is USA based ETF administrated by null

VelocityShares 3x Upside/Downside Indicators

Information Ratio0.08
Maximum Drawdown25.62
Value At Risk10.50
Potential Upside10.56
  

VelocityShares 3x Market Premium Indicators

Risk Adjusted Performance0.026257
Jensen Alpha0.1
Total Risk Alpha1.80
Treynor Ratio0.1603

VelocityShares 3x Invrs Backtested Returns

Macroaxis considers VelocityShares 3x to be extremely risky. VelocityShares 3x Invrs owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1139 which indicates VelocityShares 3x Invrs had -0.1139% 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-eight 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 1,707 and Risk Adjusted Performance of 0.026257 to confirm risk estimate we provide. The entity has beta of -2.5553 which indicates as returns on market increase, returns on owning VelocityShares 3x are expected to decrease by larger amounts. On the other hand, during market turmoil, VelocityShares 3x is expected to significantly outperform it.. 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-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.84) 

Excellent reverse predictability

VelocityShares 3x Invrs Crude Oil ETNNew has excellent reverse predictability. Overlapping area represents the amount of predictability between VelocityShares 3x time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 17, 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 -0.84 indicates that around 84.0% 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 -0.84
Spearman Rank Test -0.59
Price Variance 0.27
Lagged Price Variance 1.54

VelocityShares 3x Invrs 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 Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - DWT

VelocityShares 3x Invrs Investor Sentiment
Greater number of Macroaxis users are currently bullish on VelocityShares 3x Invrs Crude Oil ETNNew. What is your outlook on investing in VelocityShares 3x Invrs Crude Oil ETNNew? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for VelocityShares 3x and United States Oil. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
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. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.