VelocityShares 3x Backtesting

VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER -- USA Etf  

USD 16.65  0.24  1.46%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER 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

VelocityShares 3x 'What if' Analysis

September 21, 2017
No Change 0.00  0.0%
In 30 days
October 21, 2017
If you would invest  0.00  in VelocityShares 3x on September 21, 2017 and sell it all today you would earn a total of 0.00 from holding VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER or generate 0.0% return on investment in VelocityShares 3x over 30 days. VelocityShares 3x is related to or competes with ProShares Ultra, DB Gold, VelocityShares 3x, ProShares Ultra, and UBS ETRACS. The investment seeks to replicate, net of expenses, three times of the SP GSCI Crude Oil Index ER

VelocityShares 3x Upside/Downside Indicators


VelocityShares 3x Market Premium Indicators

VelocityShares 3x Long lagged returns against current returns

 Current and Lagged Values 

VelocityShares 3x regressed lagged prices vs. current prices

 Current vs Lagged Prices 

VelocityShares 3x Long Backtested Returns

Macroaxis considers VelocityShares 3x relatively volatile given 1 month investment horizon. VelocityShares 3x Long owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.063 which indicates VelocityShares 3x Long had 0.063% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER which you can use to evaluate future volatility of the etf. Please operate VelocityShares 3x Semi Deviation of 3.66, Coefficient Of Variation of 1586.1 and Risk Adjusted Performance of 0.0258 to confirm if our risk estimates are consistent with your expectations. The entity has beta of -7.4224 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.. Although it is vital to follow to VelocityShares 3x Long current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. The philosophy towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting VelocityShares 3x Long technical indicators you can presently evaluate if the expected return of 0.2639% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.04) 

Very weak reverse predictability

VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER has very weak reverse predictability. Overlapping area represents the amount of predictability between VelocityShares 3x time series from September 21, 2017 to October 6, 2017 and October 6, 2017 to October 21, 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 -0.04 indicates that only as little as 4.0% of current VelocityShares 3x price fluctuation can be explain by its past prices. Given that VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER 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 -0.04
Spearman Rank Test -0.05
Price Variance 0.56
Lagged Price Variance 0.49

VelocityShares 3x Lagged Returns

 Regressed Prices 

VelocityShares 3x Performance vs DOW

The median price of VelocityShares 3x for the period between Thu, Sep 21, 2017 and Sat, Oct 21, 2017 is 16.11 with a coefficient of variation of 4.7. The daily time series for the period is distributed with a sample standard deviation of 0.75, arithmetic mean of 16.0, and mean deviation of 0.61. The Etf received some media coverage during the period.
Price Growth (%)  
NYSE Arca 20 Major Retreating Stocks, Oct. 2 Morning 1st Upd...10/03/2017
NYSE Arca Overview of 20 Must-Buy Shares Today10/11/2017
How Analysts Feel About Velocityshares 3X Long Crude Oil Aft...10/18/2017