VelocityShares 3x Technical Analysis

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

USD 26.98  0.79  3.02%

VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER has Coefficient Of Variation of 1,184 and Risk Adjusted Performance of 0.14. In relation to Fundamental Indicators, Macroaxis technical analysis interface makes it possible for you to check existing technical drivers of VelocityShares 3x Long as well as the relationship between them. In other words you can use this information to find out if the etf will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER which can be compared to its competition. Please validate VelocityShares 3x Long Value At Risk, and the relationship between Jensen Alpha and Semi Variance to decide if VelocityShares 3x is priced more or less accurately providing market reflects its prevalent price of 26.98 per share.
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VelocityShares 3x Long Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixteen. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of VelocityShares 3x Long volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

VelocityShares 3x Long Trend Analysis

Use this graph to draw trend lines for VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER. You can use it to identify possible trend reversals for VelocityShares 3x as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual VelocityShares 3x price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

VelocityShares 3x Best Fit Change Line

The following chart estimates an ordinary least squares regression model for VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER applied against its price change over selected period. The best fit line has a slop of 0.52 % which may imply that the returns on investment in VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER will continue to fail. It has 34 observation points and a regression sum of squares at 216.59, which is the sum of squared deviations for the predicted VelocityShares 3x price change compared to its average price change.

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Portfolio Volatility

Check portfolio volatility and analyze historical return density to properly model market risk
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VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is rated first in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.22  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is roughly  1.22 

One Year Return

VelocityShares 3x Long One Year Return
Based on recorded statements VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER has One Year Return of 24.81%. This is 258.94% lower than that of the Credit Suisse AG family, and 161.06% lower than that of Trading--Leveraged Commodities category, The One Year Return for all etfs is 2084.8% lower than the firm.
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Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

VelocityShares 3x Market Strength

VelocityShares 3x February 20, 2018 Daily Price Condition