|VelocityShares 3x Long Natural Gas ETN -- USA Etf|| |
USD 57.76 1.55 2.76%
The entity has beta of -0.169 which indicates as returns on market increase, returns on owning VelocityShares 3x are expected to decrease at a much smaller rate. During bear market, VelocityShares 3x is likely to outperform the market.. Although it is extremely important to respect VelocityShares 3x Long
current price movements, it is better to be realistic regarding the information on 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
. By inspecting VelocityShares 3x Long technical indicators
you can presently evaluate if the expected return of 0.0916% will be sustainable into the future.
VelocityShares 3x Long Relative Risk vs. Return Landscape
If you would invest 5,570
in VelocityShares 3x Long Natural Gas ETN on February 19, 2018
and sell it today you would earn a total of 51.00
from holding VelocityShares 3x Long Natural Gas ETN or generate 0.92%
return on investment over 30
days. VelocityShares 3x Long Natural Gas ETN is currenly generating 0.0916% of daily expected returns and assumes 3.1784% risk (volatility on return distribution) over the 30 days horizon. In different words, 29% of equities are less volatile than VelocityShares 3x Long Natural Gas ETN and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
Given the investment horizon of 30 days, VelocityShares 3x Long Natural Gas ETN is expected to generate 3.33 times more return on investment than the market. However, the company is 3.33 times more volatile than its market benchmark. It trades about 0.03 of its potential returns per unit of risk. The DOW is currently generating roughly -0.06 per unit of risk.
VelocityShares 3x Realized Returns
VelocityShares 3x Daily Price Distribution
The median price of VelocityShares 3x for the period between Mon, Feb 19, 2018 and Wed, Mar 21, 2018 is 57.58 with a coefficient of variation of 5.14. The daily time series for the period is distributed with a sample standard deviation of 2.99, arithmetic mean of 58.21, and mean deviation of 2.39. The Etf received some media coverage during the period.