|VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER -- USA Etf|| |
USD 21.3 0.15 0.71%
The entity has beta of -1.6901 which indicates as returns on market increase, returns on owning VelocityShares 3x are expected to decrease by larger amounts. On the other hand, during market turmoil, VelocityShares 3x is expected to significantly outperform it.. Although it is vital to follow to VelocityShares 3x Long
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
. By inspecting VelocityShares 3x Long technical indicators
you can presently evaluate if the expected return of 0.4679% will be sustainable into the future.
VelocityShares 3x Long Relative Risk vs. Return Landscape
If you would invest 1,955
in VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER on November 15, 2017
and sell it today you would earn a total of 175
from holding VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER or generate 8.95%
return on investment over 30
days. VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is generating 0.4679% of daily returns assuming volatility of 4.0145% on return distribution over 30 days investment horizon. In other words, 37% of equities are less volatile than the company and above 92% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is expected to generate 8.46 times more return on investment than the market. However, the company is 8.46 times more volatile than its market benchmark. It trades about 0.12 of its potential returns per unit of risk. The DOW is currently generating roughly 0.55 per unit of risk.
VelocityShares 3x Daily Price Distribution
The median price of VelocityShares 3x for the period between Wed, Nov 15, 2017 and Fri, Dec 15, 2017 is 21.45 with a coefficient of variation of 4.52. The daily time series for the period is distributed with a sample standard deviation of 0.96, arithmetic mean of 21.31, and mean deviation of 0.74. The Etf received some media coverage during the period.