|VelocityShares 3x Long Natural Gas ETN -- USA Etf|| |
USD 9.71 0.52 5.08%
The entity has beta of -3.5727 which indicates as returns on market increase, returns on owning VelocityShares 3x are expected to decrease by larger amounts. On the other hand, during market turmoil, VelocityShares 3x is expected to significantly outperform it.. 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-eight different technical indicators which can help you to evaluate its performance.
Relative Risk vs. Return Landscape
If you would invest 1,356
in VelocityShares 3x Long Natural Gas ETN on September 19, 2017
and sell it today you would lose (385)
from holding VelocityShares 3x Long Natural Gas ETN or give up 28.39%
of portfolio value over 30
days. VelocityShares 3x Long Natural Gas ETN is currenly does not generate positive expected returns and assumes 4.3323% risk (volatility on return distribution) over the 30 days horizon. In different words, 40% 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 under-perform the market. In addition to that, the company is 18.81 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 0.55 per unit of volatility.
VelocityShares 3x Realized Returns
VelocityShares 3x Daily Price Distribution
The median price of VelocityShares 3x for the period between Tue, Sep 19, 2017 and Thu, Oct 19, 2017 is 10.83 with a coefficient of variation of 9.25. The daily time series for the period is distributed with a sample standard deviation of 1.02, arithmetic mean of 11.03, and mean deviation of 0.81. The Etf received some media coverage during the period.