VelocityShares 3x Valuation Overview

UGAZ -- USA Etf  

USD 52.44  0.26  0.49%

VelocityShares 3x Long has current Real Value of $46.41 per share. The regular price of the etf is $52.44. At this time the etf appears to be over valued. Macroaxis measures value of VelocityShares 3x Long from inspecting the etf fundamentals such as Net Asset of 303.8M, Five Year Return of (71.16)% and Number of Employees of 201 as well as reviewing its technical indicators and Probability Of Bankruptcy. In general, we recommend to buy undervalued stocks and to dispose of overvalued stocks since at some point securities prices and their ongoing real values will draw towards each other.
 Time Horizon     30 Days    Login   to change
VelocityShares 3x Long Natural Gas ETN is rated below average in three year return as compared to similar ETFs. It is rated fourth in net asset as compared to similar ETFs .

Current Market Valuation

VelocityShares 3x Long Valuation Boundaries
Over Valued
July 19, 2018
52.44
Market Value
46.41
Real Value
Target Odds
  
56.19
Upside
VelocityShares 3x is not too volatile asset. Calculation of real value of VelocityShares 3x Long is based on 1 month time horizon. Increasing VelocityShares 3x Long time horizon generally increases accuracy of value calculation and significantly improves predictive power of the methodology used.
Also please take a look at World Market Map. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.