|VelocityShares 3x Inv Natural Gas ETN -- USA Etf|| |
USD 26.4 0.38 1.46%
The entity has beta of 4.245 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 Inv
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 Inv technical indicators
you can presently evaluate if the expected return of 0.4075% will be sustainable into the future.
Relative Risk vs. Return Landscape
If you would invest 2,415
in VelocityShares 3x Inv Natural Gas ETN on September 21, 2017
and sell it today you would earn a total of 187
from holding VelocityShares 3x Inv Natural Gas ETN or generate 7.74%
return on investment over 30
days. VelocityShares 3x Inv Natural Gas ETN is currenly generating 0.4075% of daily expected returns and assumes 3.7679% risk (volatility on return distribution) over the 30 days horizon. In different words, 35% of equities are less volatile than VelocityShares 3x Inv Natural Gas ETN and 92% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
Given the investment horizon of 30 days, VelocityShares 3x Inv Natural Gas ETN is expected to generate 15.22 times more return on investment than the market. However, the company is 15.22 times more volatile than its market benchmark. It trades about 0.11 of its potential returns per unit of risk. The DOW is currently generating roughly 0.65 per unit of risk.
VelocityShares 3x Realized Returns
VelocityShares 3x Daily Price Distribution
The median price of VelocityShares 3x for the period between Thu, Sep 21, 2017 and Sat, Oct 21, 2017 is 26.02 with a coefficient of variation of 5.53. The daily time series for the period is distributed with a sample standard deviation of 1.42, arithmetic mean of 25.74, and mean deviation of 1.17. The Etf received some media coverage during the period.