This module allows you to analyze existing cross correlation between DOW and VelocityShares 3x Inv Natural Gas ETN. You can compare the effects of market volatilities on DOW and VelocityShares 3x and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in DOW with a short position of VelocityShares 3x. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and VelocityShares 3x.
|Time Horizon||30 Days Login to change|
DOW vs. VelocityShares 3x Inv Natural
Given the investment horizon of 30 days, DOW is expected to generate 0.35 times more return on investment than VelocityShares 3x. However, DOW is 2.82 times less risky than VelocityShares 3x. It trades about 0.01 of its potential returns per unit of risk. VelocityShares 3x Inv Natural Gas ETN is currently generating about -0.13 per unit of risk. If you would invest 2,470,021 in DOW on May 21, 2018 and sell it today you would lose (0.09) from holding DOW or give up 0.0% of portfolio value over 30 days.