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.
|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