VelocityShares 3x Backtesting

VelocityShares 3x Long Natural Gas ETN -- USA Etf  

USD 10.7  0.09  0.85%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of VelocityShares 3x Long Natural Gas ETN and determine expected loss or profit from investing in VelocityShares 3x over given investment horizon. Also please take a look at 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

September 17, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 17, 2017
 0.00 
If you would invest  0.00  in VelocityShares 3x on September 17, 2017 and sell it all today you would earn a total of 0.00 from holding VelocityShares 3x Long Natural Gas ETN or generate 0.0% return on investment in VelocityShares 3x over 30 days. VelocityShares 3x is related to or competes with UBS ETRACS, SPDR NYSE, ValueShares International, Global X, SPDR MSCI, and Russell Investments. The investment seeks to replicate, net of expenses, three times the performance of the SP GSCI Natural Gas Index ER

VelocityShares 3x Upside/Downside Indicators

  

VelocityShares 3x Market Premium Indicators

VelocityShares 3x Long 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 Long Backtested Returns

Macroaxis considers VelocityShares 3x to be risky. VelocityShares 3x Long owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2208 which indicates VelocityShares 3x Long had -0.2208% 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 Long Natural Gas ETN 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 (738.51) and Risk Adjusted Performance of (0.021715) to confirm risk estimate we provide. The entity has beta of -0.4145 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.. Even though it is essential to pay attention to VelocityShares 3x Long 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 Long Natural Gas ETN exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.17 

Very weak predictability

VelocityShares 3x Long Natural Gas ETN has very weak predictability. Overlapping area represents the amount of predictability between VelocityShares 3x time series from September 17, 2017 to October 2, 2017 and October 2, 2017 to October 17, 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 Long 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.
Correlation Coefficient 0.17
Spearman Rank Test -0.08
Price Variance 0.16
Lagged Price Variance 1.0

VelocityShares 3x Lagged Returns

 Regressed Prices 
      Timeline 

VelocityShares 3x Performance vs DOW

The median price of VelocityShares 3x for the period between Sun, Sep 17, 2017 and Tue, Oct 17, 2017 is 11.35 with a coefficient of variation of 10.6. The daily time series for the period is distributed with a sample standard deviation of 1.2, arithmetic mean of 11.3, and mean deviation of 0.95. The Etf received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
VelocityShares 3x Long Natural Gas ETN Declines 5.1 percent ...10/16/2017