VelocityShares 3x Long Backtested Returns
Macroaxis considers VelocityShares 3x to be extremely volatile. VelocityShares 3x Long
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.4025 which indicates VelocityShares 3x Long
had -0.4025% 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-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 (271.06) and Risk Adjusted Performance of (0.17) to confirm risk estimate we provide. The entity has beta of -1.6437 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 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-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.57 |
VelocityShares 3x Long Natural Gas ETN has modest predictability. Overlapping area represents the amount of predictability between VelocityShares 3x time series from November 17, 2017 to December 2, 2017 and December 2, 2017 to December 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 0.57 indicates that roughly 57.0% of current VelocityShares 3x price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.57|
|Spearman Rank Test|| 0.64|
|Price Variance|| 0.76|
|Lagged Price Variance|| 0.55|
VelocityShares 3x Lagged Returns