VelocityShares 3x Probability Of Bankruptcy

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

USD 15.9  0.75  4.5%

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Probability Of Bankruptcy Analysis

For stocks, Probability Of Bankruptcy is normalized value of Z-Score. For funds and ETFs it is derived from a multi-factor model developed by Macroaxis. The score is used to predict probability of a firm or a fund experiencing financial distress within next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100 indicating the actual probability the firm will be distressed in the next 2 fiscal years.
VelocityShares 3x 
Probability Of Bankruptcy 
 = 
Normalized 
 
Z-Score 
 = 
24 %

About Probability Of Bankruptcy

Probability of Bankruptcy SHOULD NOT be confused with actual chance of a company to file for chapter 7, 11, 12 or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty to meet its current financial obligations towards its creditors or to deliver on the expectations of its investors. Macroaxis derives these conditions on a daily bases from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns including short term and long term historical volatility. Other factors taken into account include analysis of liquidity, revenues patterns, R&D expenses and commitments, as well as public headlines and social sentiment.
Compare to competition
Based on latest financial disclosure VelocityShares 3x Long Crude Oil ETNs linked to the SP GSCI Crude Oil Index ER has Probability Of Bankruptcy of 24.0%. This is much higher than that of the Credit Suisse AG family, and significantly higher than that of Family category, The Probability Of Bankruptcy for all etfs is over 1000% lower than the firm.

Peer Comparison

VelocityShares 3x Probability Of Bankruptcy Comparison
  Probability Of Bankruptcy 
      VelocityShares 3x Comparables 
VelocityShares 3x is rated below average in probability of bankruptcy as compared to similar ETFs.

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Fundamental Indicators

Current VelocityShares 3x financial ratios