VelocityShares 3x Technical Analysis

VelocityShares 3x Long Natural Gas ETN -- USA Etf  

USD 10.59  0.4  3.64%

VelocityShares 3x Long Natural Gas ETN has Coefficient Of Variation of (753.38) and Risk Adjusted Performance of (0.021099). In relation to Fundamental Indicators, Macroaxis technical analysis interface makes it possible for you to check existing technical drivers of VelocityShares 3x Long as well as the relationship between them. In other words you can use this information to find out if the etf will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for VelocityShares 3x Long Natural Gas ETN which can be compared to its competition. Please validate VelocityShares 3x Long Standard Deviation, Value At Risk as well as the relationship between Value At Risk and Kurtosis to decide if VelocityShares 3x is priced more or less accurately providing market reflects its prevalent price of 10.59 per share.
Investment Horizon     30 Days    Login   to change

VelocityShares 3x Long Trend Analysis

Use this graph to draw trend lines for VelocityShares 3x Long Natural Gas ETN. You can use it to identify possible trend reversals for VelocityShares 3x as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual VelocityShares 3x price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

VelocityShares 3x Best Fit Change Line

The following chart estimates an ordinary least squares regression model for VelocityShares 3x Long Natural Gas ETN applied against its price change over selected period. The best fit line has a slop of 0.09 % which may suggest that VelocityShares 3x Long Natural Gas ETN market price will keep on failing further. It has 34 observation points and a regression sum of squares at 6.93, which is the sum of squared deviations for the predicted VelocityShares 3x price change compared to its average price change.

Current Sentiment - UGAZ

VelocityShares 3x Long Investor Sentiment
Most of Macroaxis users are at this time bullish on VelocityShares 3x Long Natural Gas ETN. What is your outlook on investing in VelocityShares 3x Long Natural Gas ETN? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
UGAZSkip  Hide
VelocityShares 3x Long Natural Gas ETN is rated first in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.34  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for VelocityShares 3x Long Natural Gas ETN is roughly  1.34 

One Year Return

VelocityShares 3x Long One Year Return
Based on recorded statements VelocityShares 3x Long Natural Gas ETN has One Year Return of -68.51%. This is 338.89% higher than that of the Credit Suisse AG family, and 68.61% higher than that of Trading--Leveraged Commodities category, The One Year Return for all etfs is 5380.8% higher than the company.
  Year Return 
      VelocityShares 3x Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Fundamentals Correlations

Analyze VelocityShares 3x Fundamentals Trends