VelocityShares 3x Backtesting

UGAZ -- USA Etf  

USD 52.44  1.52  2.82%

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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

VelocityShares 3x 'What if' Analysis

June 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 21, 2018
0.00
If you would invest  0.00  in VelocityShares 3x on June 21, 2018 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 United States, United States, PowerShares DB, VelocityShares 3x, PowerShares DB, ProShares UltraShort, and VelocityShares 3x. VelocityShares 3x Long Natural Gas ETN is USA based ETF administrated by null

VelocityShares 3x Upside/Downside Indicators

Information Ratio0.35
Maximum Drawdown10.6
Value At Risk5.92
Potential Upside4.13
  

VelocityShares 3x Market Premium Indicators

Risk Adjusted Performance0.17
Jensen Alpha1.02
Total Risk Alpha1.64
Treynor Ratio2.71

VelocityShares 3x Long Backtested Returns

Macroaxis considers VelocityShares 3x to be not too volatile. VelocityShares 3x Long owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.3281 which indicates VelocityShares 3x Long had -0.3281% 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 325.79 and Risk Adjusted Performance of 0.17 to confirm risk estimate we provide. The entity has beta of 0.3617 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 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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.71 

Good predictability

VelocityShares 3x Long Natural Gas ETN has good predictability. Overlapping area represents the amount of predictability between VelocityShares 3x time series from June 21, 2018 to July 6, 2018 and July 6, 2018 to July 21, 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 Long price movement. The serial correlation of 0.71 indicates that around 71.0% of current VelocityShares 3x price fluctuation can be explain by its past prices.
Correlation Coefficient 0.71
Spearman Rank Test 0.73
Price Variance 5.63
Lagged Price Variance 9.99

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 Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - UGAZ

VelocityShares 3x Long Investor Sentiment
Most of Macroaxis users are at this time bullish on VelocityShares 3x Long Natural Gas ETN. What is your outlook on investing in VelocityShares 3x Long Natural Gas ETN? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.
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