VelocityShares 3x Performance

VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER -- USA Etf  

USD 22.1  0.65  3.03%

The entity has beta of -0.3652 which indicates as returns on market increase, returns on owning VelocityShares 3x are expected to decrease at a much smaller rate. During bear market, VelocityShares 3x is likely to outperform the market.. Although it is extremely important to respect VelocityShares 3x Long current price movements, it is better to be realistic regarding the information on 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 0.1559% will be sustainable into the future.
Investment Horizon     30 Days    Login   to change

VelocityShares 3x Long Relative Risk vs. Return Landscape

If you would invest  2,116  in VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER on November 11, 2017 and sell it today you would earn a total of  29  from holding VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER or generate 1.37% return on investment over 30 days. VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is generating 0.1559% of daily returns assuming volatility of 4.2811% on return distribution over 30 days investment horizon. In other words, 39% of equities are less volatile than the company and above 98% of equities are expected to generate higher returns over the next 30 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering 30-days investment horizon, VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is expected to generate 1.2 times less return on investment than the market. In addition to that, the company is 8.28 times more volatile than its market benchmark. It trades about 0.04 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.36 per unit of volatility.

VelocityShares 3x Daily Price Distribution

The median price of VelocityShares 3x for the period between Sat, Nov 11, 2017 and Mon, Dec 11, 2017 is 21.45 with a coefficient of variation of 4.69. The daily time series for the period is distributed with a sample standard deviation of 1.0, arithmetic mean of 21.26, and mean deviation of 0.76. The Etf received some media coverage during the period.
2 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

One Month Efficiency

VelocityShares 3x Sharpe Ratio = 0.0364
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Estimated Market Risk

 4.28
  actual daily
 
 61 %
of total potential
  

Expected Return

 0.16
  actual daily
 
 3 %
of total potential
  

Risk-Adjusted Return

 0.04
  actual daily
 
 2 %
of total potential
  
Based on monthly moving average VelocityShares 3x is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of VelocityShares 3x by adding it to a well-diversified portfolio.