VelocityShares Correlations
| UGLDFDelisted Etf | USD 163.82 3.75 2.24% |
The current 90-days correlation between VelocityShares 3x Long and VelocityShares 3x Long is 0.24 (i.e., Modest diversification). The correlation of VelocityShares is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
VelocityShares Correlation With Market
Average diversification
The correlation between VelocityShares 3x Long and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VelocityShares 3x Long and DJI in the same portfolio, assuming nothing else is changed.
VelocityShares |
Moving together with VelocityShares Pink Sheet
| 0.83 | USLVF | VelocityShares 3x Long | PairCorr |
| 0.82 | YCL | ProShares Ultra Yen | PairCorr |
| 0.81 | VIIX | VIIX | PairCorr |
| 0.62 | ULE | ProShares Ultra Euro Potential Growth | PairCorr |
| 0.81 | FXY | Invesco CurrencyShares | PairCorr |
| 0.69 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.63 | PG | Procter Gamble | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against VelocityShares Pink Sheet
| 0.83 | DSJA | DSJA | PairCorr |
| 0.81 | TSJA | TSJA | PairCorr |
| 0.76 | SIXD | AIM ETF Products | PairCorr |
| 0.7 | MSTY | YieldMax MSTR Option | PairCorr |
| 0.7 | DIVB | iShares Dividend | PairCorr |
| 0.69 | DGP | DB Gold Double | PairCorr |
| 0.68 | UGL | ProShares Ultra Gold | PairCorr |
| 0.62 | SHNY | Microsectors Gold | PairCorr |
| 0.59 | IDGT | iShares Trust Symbol Change | PairCorr |
| 0.58 | CEFD | ETRACS Monthly Pay | PairCorr |
| 0.58 | DISO | Tidal Trust II Potential Growth | PairCorr |
| 0.55 | AGQ | ProShares Ultra Silver Downward Rally | PairCorr |
| 0.81 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.72 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.72 | HPQ | HP Inc | PairCorr |
| 0.69 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.64 | DIVG | Invesco Exchange Traded | PairCorr |
| 0.63 | WMT | Walmart Aggressive Push | PairCorr |
| 0.61 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.61 | HD | Home Depot | PairCorr |
| 0.57 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.56 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.51 | IDU | iShares Utilities ETF | PairCorr |
| 0.35 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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VelocityShares Competition Risk-Adjusted Indicators
There is a big difference between VelocityShares Pink Sheet performing well and VelocityShares Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze VelocityShares' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.06 | 0.02 | (0.01) | 0.15 | 1.41 | 2.62 | 8.02 | |||
| MSFT | 0.88 | (0.08) | (0.07) | 0.01 | 1.51 | 2.09 | 8.19 | |||
| UBER | 1.62 | (0.12) | (0.05) | 0.00 | 2.25 | 2.69 | 20.10 | |||
| F | 1.41 | (0.13) | (0.03) | 0.03 | 2.20 | 2.53 | 11.21 | |||
| T | 0.92 | 0.26 | 0.13 | (10.00) | 0.86 | 2.56 | 6.47 | |||
| A | 1.14 | (0.13) | 0.00 | (0.12) | 0.00 | 2.29 | 9.02 | |||
| CRM | 1.28 | 0.26 | 0.21 | 0.35 | 0.91 | 3.18 | 9.09 | |||
| JPM | 1.12 | 0.00 | 0.06 | 0.12 | 1.44 | 2.05 | 15.87 | |||
| MRK | 0.88 | (0.24) | 0.00 | (0.81) | 0.00 | 2.00 | 4.89 | |||
| XOM | 1.03 | 0.00 | (0.04) | 0.12 | 1.25 | 2.14 | 5.78 |
VelocityShares Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with VelocityShares pink sheet to make a market-neutral strategy. Peer analysis of VelocityShares could also be used in its relative valuation, which is a method of valuing VelocityShares by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in VelocityShares 3x Long?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.