VelocityShares 3x Performance

VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER -- USA Etf  

USD 16.27  0.11  0.67%

The entity has beta of 0.5006 which indicates as returns on market increase, VelocityShares 3x returns are expected to increase less than the market. However during bear market, the loss on holding VelocityShares 3x will be expected to be smaller as well.. Even though it is essential to pay attention to VelocityShares 3x In current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER exposes twenty-one different technical indicators which can help you to evaluate its performance.
Investment Horizon     30 Days    Login   to change

VelocityShares 3x In Relative Risk vs. Return Landscape

If you would invest  1,709  in VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER on November 13, 2017 and sell it today you would lose (71)  from holding VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER or give up 4.15% of portfolio value over 30 days. VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is generating negative expected returns assuming volatility of 4.295% on return distribution over 30 days investment horizon. In other words, 40% of equities are less volatile than the company and above 99% of equities are expected to generate higher returns over the next 30 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering 30-days investment horizon, VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is expected to under-perform the market. In addition to that, the company is 8.48 times more volatile than its market benchmark. It trades about -0.03 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.42 per unit of volatility.

VelocityShares 3x Daily Price Distribution

The median price of VelocityShares 3x for the period between Mon, Nov 13, 2017 and Wed, Dec 13, 2017 is 16.47 with a coefficient of variation of 5.27. The daily time series for the period is distributed with a sample standard deviation of 0.88, arithmetic mean of 16.73, and mean deviation of 0.72. The Etf did not receive any noticable media coverage during the period.
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Risk-Adjusted Performance

Over the last 30 days VelocityShares 3x Inverse Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER has generated negative risk-adjusted returns adding no value to investors with long positions.

One Month Efficiency

VelocityShares 3x Sharpe Ratio = -0.0267
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Estimated Market Risk

 4.3
  actual daily
 
 60 %
of total potential
  

Expected Return

 -0.11
  actual daily
 
 1 %
of total potential
  

Risk-Adjusted Return

 -0.03
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average VelocityShares 3x is performing at about 0% 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.