|Horizon||30 Days Login to change|
VelocityShares Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, VelocityShares will likely underperform.One Month Beta |Analyze VelocityShares 3x Long Demand TrendCheck current 30 days VelocityShares correlation with market (DOW)|
β = 1.6709
VelocityShares 3x Long Technical Analysis
VelocityShares Projected Return Density Against MarketGiven the investment horizon of 30 days, the etf has beta coefficient of 1.6709 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, VelocityShares will likely underperform. Additionally, VelocityShares 3x Long Natural Gas ETN has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
VelocityShares Return VolatilityVelocityShares 3x Long Natural Gas ETN inherits 4.3471% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.3914% risk (volatility on return distribution) over the 30 days horizon.