Macroaxis considers Virtus LifeSci to be not too volatile. Virtus LifeSci Biotech
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0648 which indicates Virtus LifeSci Biotech
had -0.0648% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Virtus LifeSci Biotech Clinical Trls ETF exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Virtus LifeSci Coefficient Of Variation
of 1,543 and Risk Adjusted Performance of 0.032743 to confirm risk estimate we provide. The entity has beta of 0.9404 which indicates Virtus LifeSci returns are very sensitive to returns on the market. as market goes up or down, Virtus LifeSci is expected to follow.. Even though it is essential to pay attention to Virtus LifeSci Biotech current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Virtus LifeSci Biotech Clinical Trls ETF exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.42 |
Virtus LifeSci Biotech Clinical Trls ETF has average predictability. Overlapping area represents the amount of predictability between Virtus LifeSci time series from June 19, 2018 to July 4, 2018 and July 4, 2018 to July 19, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Virtus LifeSci Biotech price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Virtus LifeSci price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.42|
|Spearman Rank Test|| 0.66|
|Price Variance|| 0.13|
|Lagged Price Variance|| 0.94|