|Horizon||30 Days Login to change|
VelocityShares Market Sensitivity
|One Month Beta |Analyze VelocityShares 3x Lng Demand TrendCheck current 30 days VelocityShares correlation with market (DOW)|
β = -0.9332
VelocityShares 3x Lng Technical Analysis
VelocityShares Projected Return Density Against MarketConsidering 30-days investment horizon, VelocityShares 3x Lng Crude Oil ETN New has beta of -0.9332 . This entails Moreover, VelocityShares 3x Lng Crude Oil ETN New has an alpha of 0.8124 implying that it can potentially generate 0.8124% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
VelocityShares Return VolatilityVelocityShares 3x Lng Crude Oil ETN New has volatility of 3.5018% on return distribution over 30 days investment horizon. DOW inherits 0.4495% risk (volatility on return distribution) over the 30 days horizon.