VelocityShares 3x Technical Analysis

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

USD 20.58  0.66  3.11%

VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER has Semi Deviation of 4.2, Coefficient Of Variation of 6158.36 and Risk Adjusted Performance of 0.0169. 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 20.58 per share.
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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 0.05 % 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 2.27, which is the sum of squared deviations for the predicted VelocityShares 3x price change compared to its average price change.

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VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER is rated third in mean deviation as compared to similar ETFs. It is rated second in standard deviation as compared to similar ETFs creating about  1.26  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  1.26