Macroaxis considers VelocityShares 3x not very volatile given 1 month investment horizon. VelocityShares 3x Lng owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0586 which indicates VelocityShares 3x Lng had 0.0586% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for VelocityShares 3x Lng Crude Oil ETN New which you can use to evaluate future volatility of the etf. Please operate VelocityShares 3x Semi Deviation of 3.64, Coefficient Of Variation of 1001.13 and Risk Adjusted Performance of 0.1244 to confirm if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
VelocityShares 3x Market Sensitivity
|As returns on market increase, VelocityShares 3x returns are expected to increase less than the market. However during bear market, the loss on holding VelocityShares 3x will be expected to be smaller as well.One Month Beta |Analyze VelocityShares 3x Lng Demand TrendCheck current 30 days VelocityShares 3x correlation with market (DOW)|
β = 0.1914
VelocityShares 3x Lng Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, VelocityShares 3x has beta of 0.1914 . This entails as returns on market go up, VelocityShares 3x average returns are expected to increase less than the benchmark. However during bear market, the loss on holding VelocityShares 3x Lng Crude Oil ETN New will be expected to be much smaller as well. Moreover, VelocityShares 3x Lng Crude Oil ETN New has an alpha of 0.4189 implying that it can potentially generate 0.4189% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of VelocityShares 3x is 1705.4. The daily returns are destributed with a variance of 17.16 and standard deviation of 4.14. The mean deviation of VelocityShares 3x Lng Crude Oil ETN New is currently at 3.13. For similar time horizon, the selected benchmark (DOW) has volatility of 1.17