|VelocityShares 3x Lng Crude Oil ETN New -- USA Etf|| |
USD 31.01 2.54 8.92%
The entity has beta of -0.9045 which indicates . Although it is vital to follow to VelocityShares 3x Lng
current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. The philosophy towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. We have found twenty-eight technical indicators
for VelocityShares 3x Lng Crude Oil ETN New which you can use to evaluate performance of the etf.
VelocityShares 3x Lng Relative Risk vs. Return Landscape
If you would invest 2,629
in VelocityShares 3x Lng Crude Oil ETN New on February 19, 2018
and sell it today you would earn a total of 472.00
from holding VelocityShares 3x Lng Crude Oil ETN New or generate 17.95%
return on investment over 30
days. VelocityShares 3x Lng Crude Oil ETN New is generating 0.8568% of daily returns assuming volatility of 4.6844% on return distribution over 30 days investment horizon. In other words, 43% of equities are less volatile than the company and above 84% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, VelocityShares 3x Lng Crude Oil ETN New is expected to generate 4.98 times more return on investment than the market. However, the company is 4.98 times more volatile than its market benchmark. It trades about 0.18 of its potential returns per unit of risk. The DOW is currently generating roughly -0.04 per unit of risk.
VelocityShares 3x Realized Returns
VelocityShares 3x Daily Price Distribution
The median price of VelocityShares 3x for the period between Mon, Feb 19, 2018 and Wed, Mar 21, 2018 is 26.29 with a coefficient of variation of 4.77. The daily time series for the period is distributed with a sample standard deviation of 1.27, arithmetic mean of 26.6, and mean deviation of 1.02. The Etf received some media coverage during the period.