|VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER -- USA Etf|| |
USD 25.65 3.15 10.94%
The entity has beta of 1.437 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, VelocityShares 3x will likely underperform.. Even though it is essential to pay attention to VelocityShares 3x Long
current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER exposes twenty-one different technical indicators which can help you to evaluate its performance.
VelocityShares 3x Long Relative Risk vs. Return Landscape
If you would invest 3,117
in VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER on January 25, 2018
and sell it today you would lose (237.00)
from holding VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER or give up 7.6%
of portfolio value over 30
days. VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is generating negative expected returns assuming volatility of 4.7581% on return distribution over 30 days investment horizon. In other words, 44% of equities are less volatile than the company and above 99% 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 under-perform the market. In addition to that, the company is 2.66 times more volatile than its market benchmark. It trades about -0.06 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of volatility.
VelocityShares 3x Realized Returns
VelocityShares 3x Daily Price Distribution
The median price of VelocityShares 3x for the period between Thu, Jan 25, 2018 and Sat, Feb 24, 2018 is 28.67 with a coefficient of variation of 11.37. The daily time series for the period is distributed with a sample standard deviation of 3.18, arithmetic mean of 27.98, and mean deviation of 2.77. The Etf received some media coverage during the period.