VelocityShares 3x Performance

VelocityShares 3x Long Natural Gas ETN -- USA Etf  

USD 56.40  0.20  0.35%

The entity has beta of 0.4523 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 Long 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 Long Natural Gas ETN exposes twenty-six different technical indicators which can help you to evaluate its performance.
 Time Horizon     30 Days    Login   to change

VelocityShares 3x Long Relative Risk vs. Return Landscape

If you would invest  8,975  in VelocityShares 3x Long Natural Gas ETN on January 23, 2018 and sell it today you would lose (3,335)  from holding VelocityShares 3x Long Natural Gas ETN or give up 37.16% of portfolio value over 30 days. VelocityShares 3x Long Natural Gas ETN is currenly does not generate positive expected returns and assumes 6.1692% risk (volatility on return distribution) over the 30 days horizon. In different words, 57% 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 (%) 
      Risk (%) 
Given the investment horizon of 30 days, VelocityShares 3x Long Natural Gas ETN is expected to under-perform the market. In addition to that, the company is 3.52 times more volatile than its market benchmark. It trades about -0.31 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.14 per unit of volatility.

VelocityShares 3x Realized Returns

VelocityShares 3x Daily Price Distribution

The median price of VelocityShares 3x for the period between Tue, Jan 23, 2018 and Thu, Feb 22, 2018 is 63.15 with a coefficient of variation of 24.59. The daily time series for the period is distributed with a sample standard deviation of 17.26, arithmetic mean of 70.17, and mean deviation of 15.1. The Etf did not receive any noticable media coverage during the period.
0 

Risk-Adjusted Performance

Over the last 30 days VelocityShares 3x Long Natural Gas ETN has generated negative risk-adjusted returns adding no value to investors with long positions.

One Month Efficiency

VelocityShares 3x Sharpe Ratio = -0.3072
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Estimated Market Risk

 6.17
  actual daily
 
 43 %
of total potential
  

Expected Return

 -1.9
  actual daily
 
 1 %
of total potential
  

Risk-Adjusted Return

 -0.31
  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.