VelocityShares 3x Valuation Overview

DGAZ -- USA Etf  

USD 27.37  0.87  3.28%

VelocityShares 3x Inv has current Real Value of $24.7 per share. The regular price of the etf is $27.37. 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 240.75M, Five Year Return of (16.44)% 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 securities prices and their ongoing real values will draw towards each other.
 Time Horizon     30 Days    Login   to change
VelocityShares 3x Inv Natural Gas ETN is rated below average in five year return as compared to similar ETFs. It is rated below average in three year return as compared to similar ETFs .

Current Market Valuation

VelocityShares 3x Inv Valuation Boundaries
Over Valued
July 18, 2018
27.37
Market Value
24.70
Real Value
Target Odds
  
34.75
Upside
VelocityShares 3x is not very risky 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.
Additionally see Investing Opportunities. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.