VelocityShares 3x Performance

DWT -- USA Etf  

USD 9.10  0.25  2.67%

The entity has beta of 0.0 which indicates the returns on MARKET and VelocityShares 3x are completely uncorrelated. Although it is vital to follow to VelocityShares 3x Invrs current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. Macroaxis philosophy towards measuring future performance of any etf is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if VelocityShares 3x Invrs Crude Oil ETNNew expected return of 1.3331 will be sustainable into the future, we have found twenty-eight different technical indicators which can help you to check if the expected returns are sustainable.
 Time Horizon     30 Days    Login   to change

VelocityShares 3x Invrs Relative Risk vs. Return Landscape

If you would invest  696.00  in VelocityShares 3x Invrs Crude Oil ETNNew on May 21, 2018 and sell it today you would earn a total of  214.00  from holding VelocityShares 3x Invrs Crude Oil ETNNew or generate 30.75% return on investment over 30 days. VelocityShares 3x Invrs Crude Oil ETNNew is generating 1.3331% of daily returns assuming volatility of 4.8082% on return distribution over 30 days investment horizon. In other words, 44% of equities are less volatile than the company and above 75% of equities are expected to generate higher returns over the next 30 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering 30-days investment horizon, VelocityShares 3x Invrs Crude Oil ETNNew is expected to generate 3.46 times more return on investment than the market. However, the company is 3.46 times more volatile than its market benchmark. It trades about 0.28 of its potential returns per unit of risk. The DOW is currently generating roughly 0.01 per unit of risk.

VelocityShares 3x Market Risk Analysis

Sharpe Ratio = 0.2773
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VelocityShares 3x Relative Performance Indicators

Estimated Market Risk
 4.81
  actual daily
 
 56 %
of total potential
  
Expected Return
 1.33
  actual daily
 
 25 %
of total potential
  
Risk-Adjusted Return
 0.28
  actual daily
 
 18 %
of total potential
  
Based on monthly moving average VelocityShares 3x is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of VelocityShares 3x by adding it to a well-diversified portfolio.

Performance Rating

VelocityShares 3x Invrs Crude Oil ETNNew Risk Adjusted Performance Analysis
18 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in VelocityShares 3x Invrs Crude Oil ETNNew are ranked lower than 18 (%) of all global equities and portfolios over the last 30 days.

VelocityShares 3x Alerts

Equity Alerts and Improvement Suggestions
VelocityShares 3x appears to be very risky and stock price may revert if volatility continues
VelocityShares 3x has high likelihood to experience some financial distress in the next 2 years
The fund retains all of the assets under management (AUM) in different types of exotic instruments
Additionally see Investing Opportunities. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.