This module allows you to analyze existing cross correlation between VelocityShares 3x Inv Natural Gas ETN and ProShares UltraShort Bloomberg Crude Oil. You can compare the effects of market volatilities on VelocityShares 3x and ProShares UltraShort 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 VelocityShares 3x with a short position of ProShares UltraShort. See also your portfolio center. Please also check ongoing floating volatility patterns of VelocityShares 3x and ProShares UltraShort.
|Time Horizon||30 Days Login to change|
VelocityShares 3x Inv Natural vs. ProShares UltraShort Bloomberg
Given the investment horizon of 30 days, VelocityShares 3x Inv Natural Gas ETN is expected to under-perform the ProShares UltraShort. In addition to that, VelocityShares 3x is 1.24 times more volatile than ProShares UltraShort Bloomberg Crude Oil. It trades about -0.07 of its total potential returns per unit of risk. ProShares UltraShort Bloomberg Crude Oil is currently generating about 0.34 per unit of volatility. If you would invest 1,551 in ProShares UltraShort Bloomberg Crude Oil on May 20, 2018 and sell it today you would earn a total of 381.00 from holding ProShares UltraShort Bloomberg Crude Oil or generate 24.56% return on investment over 30 days.