VelocityShares 3x Technical Analysis

VelocityShares 3x Inv Natural Gas ETN -- USA Etf  

USD 27.08  1.15  4.07%

VelocityShares 3x Inv Natural Gas ETN has Coefficient Of Variation of 1,029 and Risk Adjusted Performance of 0.11. VelocityShares 3x technical analysis provides you with the way to harness past market data to determine a pattern that measures the direction of the etf future prices. In other words you can use this information to find out if the etf will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for VelocityShares 3x Inv Natural Gas ETN which can be compared to its competition. Please validate VelocityShares 3x Inv Downside Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Downside Variance to decide if VelocityShares 3x is priced more or less accurately providing market reflects its prevalent price of 27.08 per share.
 Time Horizon     30 Days    Login   to change

VelocityShares 3x Inv Technical Analysis

Time Period
  Portfolio Optimization    
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The output start index for this execution was five with a total number of output elements of twelve. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of VelocityShares 3x Inv volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

VelocityShares 3x Inv Trend Analysis

Use this graph to draw trend lines for VelocityShares 3x Inv Natural Gas ETN. You can use it to identify possible trend reversals for VelocityShares 3x as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual VelocityShares 3x price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

VelocityShares 3x Best Fit Change Line

The following chart estimates an ordinary least squares regression model for VelocityShares 3x Inv Natural Gas ETN applied against its price change over selected period. The best fit line has a slop of 0.17 % which may suggest that VelocityShares 3x Inv Natural Gas ETN market price will keep on failing further. It has 34 observation points and a regression sum of squares at 23.42, which is the sum of squared deviations for the predicted VelocityShares 3x price change compared to its average price change.

Current Sentiment - DGAZ

VelocityShares 3x Inv Investor Sentiment
Most of Macroaxis users are currently bullish on VelocityShares 3x Inv Natural Gas ETN. What is your outlook on investing in VelocityShares 3x Inv Natural Gas ETN? Are you bullish or bearish?
98% Bullish
2% Bearish
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VelocityShares 3x Inv Natural Gas ETN is rated # 2 ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.27  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for VelocityShares 3x Inv Natural Gas ETN is roughly  1.27 

One Year Return

VelocityShares 3x Inv One Year Return
Based on recorded statements VelocityShares 3x Inv Natural Gas ETN has One Year Return of -6.37%. This is 157.54% lower than that of the Janus family, and significantly lower than that of Energy category, The One Year Return for all etfs is 409.6% higher than the company.
  Year Return 
      VelocityShares 3x Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Fundamentals Correlations

Analyze VelocityShares 3x Fundamentals Trends

VelocityShares 3x Market Strength

VelocityShares 3x March 17, 2018 Daily Price Condition