VelocityShares 3x Valuation

VelocityShares 3x Inv Natural Gas ETN -- USA Etf  

USD 37.4  0.84  2.2%

VelocityShares 3x Inv has current Real Value of $35.16 per share. The regular price of the etf is $37.4. At this time the etf appears to be over valued. Macroaxis measures value of VelocityShares 3x Inv from inspecting the etf fundamentals such as Net Asset of 149.74M, Five Year Return of (20.72)% and Number of Employees of 201 as well as reviewing its technical indicators and Probability Of Bankruptcy. In general, we recommend to buy undervalued stocks and to dispose of overvalued stocks since at some point securites prices and their ongoing real values will draw towards each other.
Investment Horizon     30 Days    Login   to change
VelocityShares 3x Inv Natural Gas ETN is rated # 2 ETF in three year return as compared to similar ETFs. It is rated # 3 ETF in net asset as compared to similar ETFs making up about  8,102,814  of Net Asset per Three Year Return.
Over Valued
December 13, 2017
37.4
Market Value
Downside upside
35.16
Real Value
Target Price Odds
 Above  Below  
56.04
Upside
Upside upside
VelocityShares 3x is not very volatile asset. Calculation of real value of VelocityShares 3x Inv is based on 1 month time horizon. Increasing VelocityShares 3x Inv time horizon generally increases accuracy of value calculation and significantly improves predictive power of the methodology used.

Net Asset

VelocityShares 3x Net Asset Analysis
VelocityShares 3x Inv Natural Gas ETN is rated # 3 ETF in net asset as compared to similar ETFs. Total Asset Under Management (AUM) of Trading--Inverse Commodities category is currently estimated at about 721.6 Million. VelocityShares 3x totals roughly 149.74 Million in net asset claiming about 21% of equities under Trading--Inverse Commodities ETF category.