Macroaxis considers VelocityShares 3x to be not very risky. VelocityShares 3x Inv owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1153 which indicates VelocityShares 3x Inv had -0.1153% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. VelocityShares 3x Inv Natural Gas ETN exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate VelocityShares 3x Coefficient Of Variation of
446.79 and Risk Adjusted Performance of 0.01 to confirm risk estimate we provide.
|Time Horizon||30 Days Login to change|
VelocityShares 3x Inv Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, VelocityShares 3x has beta of 0.0 suggesting unless we do not have required data, the returns on DOW and VelocityShares 3x are completely uncorrelated. Furthermore, VelocityShares 3x Inv Natural Gas ETNIt does not look like VelocityShares 3x alpha can have any bearing on the equity current valuation.
Predicted Return Density