VelocityShares 3x Valuation

VelocityShares 3x Long Natural Gas ETN -- USA Etf  

USD 5.84  0.46  8.55%

VelocityShares 3x Long has current Real Value of $5.69 per share. The regular price of the etf is $5.84. 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 877.66M, Five Year Return of (69.94)% 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 securites prices and their ongoing real values will draw towards each other.
Investment Horizon     30 Days    Login   to change
VelocityShares 3x Long Natural Gas ETN is rated below average in five year return as compared to similar ETFs. It is rated below average in three year return as compared to similar ETFs .
Over Valued
December 16, 2017
5.84
Market Value
Downside upside
5.69
Real Value
Target Price Odds
 Above  Below  
27.14
Upside
Upside upside
VelocityShares 3x is extremely risky 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.

Net Asset

VelocityShares 3x Net Asset Analysis
VelocityShares 3x Long Natural Gas ETN is rated first in net asset as compared to similar ETFs. Total Asset Under Management (AUM) of Trading--Leveraged Commodities category is currently estimated at about 1.63 Billion. VelocityShares 3x totals roughly 877.66 Million in net asset claiming about 54% of equities under Trading--Leveraged Commodities ETF category.