|VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER -- USA Etf|| |
USD 11.82 0.50 4.42%
The entity has beta of 1.3168 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 In
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
. We have found twenty-one technical indicators
for VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER which you can use to evaluate performance of the etf.
VelocityShares 3x In Relative Risk vs. Return Landscape
If you would invest 1,042
in VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER on January 26, 2018
and sell it today you would earn a total of 90.00
from holding VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER or generate 8.64%
return on investment over 30
days. VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is generating 0.5207% of daily returns assuming volatility of 4.7116% on return distribution over 30 days investment horizon. In other words, 43% of equities are less volatile than the company and above 91% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is expected to generate 2.66 times more return on investment than the market. However, the company is 2.66 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 -0.13 per unit of risk.
VelocityShares 3x Realized Returns
VelocityShares 3x Daily Price Distribution
The median price of VelocityShares 3x for the period between Fri, Jan 26, 2018 and Sun, Feb 25, 2018 is 11.82 with a coefficient of variation of 10.51. The daily time series for the period is distributed with a sample standard deviation of 1.26, arithmetic mean of 12.02, and mean deviation of 1.08. The Etf did not receive any noticable media coverage during the period.