VelocityShares 3x Backtesting

UWT -- USA Etf  

USD 35.18  2.34  6.24%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of VelocityShares 3x Lng Crude Oil ETN New 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 16, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 16, 2018
0.00
If you would invest  0.00  in VelocityShares 3x on June 16, 2018 and sell it all today you would earn a total of 0.00 from holding VelocityShares 3x Lng Crude Oil ETN New or generate 0.0% return on investment in VelocityShares 3x over 30 days. VelocityShares 3x is related to or competes with McDonalds, Caterpillar, HP, 3M, JPMorgan Chase, Johnson Johnson, and VERIZON COMMUN. VelocityShares 3x Lng Crude Oil ETN New is USA based ETF administrated by null

VelocityShares 3x Upside/Downside Indicators

Downside Deviation7.78
Information Ratio0.1318
Maximum Drawdown30.72
Value At Risk9.90
Potential Upside10.64
  

VelocityShares 3x Market Premium Indicators

Risk Adjusted Performance0.0909
Jensen Alpha0.7181
Total Risk Alpha0.36
Sortino Ratio0.1085
Treynor Ratio0.4481

VelocityShares 3x Lng Backtested Returns

Macroaxis considers VelocityShares 3x not very volatile given 1 month investment horizon. VelocityShares 3x Lng owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.1469 which indicates VelocityShares 3x Lng had 0.1469% 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. By inspecting VelocityShares 3x Lng technical indicators you can presently evaluate if the expected return of 0.9398% is justified by implied risk. Please operate VelocityShares 3x Semi Deviation of 5.95, Coefficient Of Variation of 663.22 and Risk Adjusted Performance of 0.0909 to confirm if our risk estimates are consistent with your expectations. The entity has beta of 2.1319 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, VelocityShares 3x will likely underperform.. Although it is vital to follow to VelocityShares 3x Lng 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. We have found twenty-eight technical indicators for VelocityShares 3x Lng Crude Oil ETN New which you can use to evaluate performance of the etf.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.86) 

Excellent reverse predictability

VelocityShares 3x Lng Crude Oil ETN New has excellent reverse predictability. Overlapping area represents the amount of predictability between VelocityShares 3x time series from June 16, 2018 to July 1, 2018 and July 1, 2018 to July 16, 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 Lng price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current VelocityShares 3x price fluctuation can be explain by its past prices. Given that VelocityShares 3x Lng Crude Oil ETN New 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 -0.86
Spearman Rank Test -0.59
Price Variance 8.87
Lagged Price Variance 24.76

VelocityShares 3x Lng 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 - UWT

VelocityShares 3x Lng Investor Sentiment
Greater number of Macroaxis users are at this time bullish on VelocityShares 3x Lng Crude Oil ETN New. What is your outlook on investing in VelocityShares 3x Lng Crude Oil ETN New? 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 Headlines Timeline module to stay connected to all market stories and filter out noise. drill down to analyze hype elasticity.