Virtus LifeSci Backtesting

BBC -- USA Etf  

USD 34.08  0.33  0.98%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Virtus LifeSci Biotech Clinical Trls ETF and determine expected loss or profit from investing in Virtus LifeSci over given investment horizon. Check also Virtus LifeSci Hype Analysis, Virtus LifeSci Correlation, Portfolio Optimization, Virtus LifeSci Volatility as well as analyze Virtus LifeSci Alpha and Beta and Virtus LifeSci Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Virtus LifeSci 'What if' Analysis

June 19, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 19, 2018
0.00
If you would invest  0.00  in Virtus LifeSci on June 19, 2018 and sell it all today you would earn a total of 0.00 from holding Virtus LifeSci Biotech Clinical Trls ETF or generate 0.0% return on investment in Virtus LifeSci over 30 days. Virtus LifeSci is related to or competes with Financial Select, Technology Select, Vanguard Information, Energy Select, Consumer Discret, Industrial Select, and ISHARE NQ. The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of...

Virtus LifeSci Upside/Downside Indicators

Information Ratio0.16
Maximum Drawdown5.57
Value At Risk2.66
Potential Upside1.67
  

Virtus LifeSci Market Premium Indicators

Risk Adjusted Performance0.032743
Jensen Alpha0.23
Total Risk Alpha0.44
Treynor Ratio0.12

Virtus LifeSci Biotech Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.42 

Average predictability

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

Virtus LifeSci Biotech lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Virtus LifeSci regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Virtus LifeSci Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - BBC

Virtus LifeSci Biotech Investor Sentiment
Greater number of Macroaxis users are currently bullish on Virtus LifeSci Biotech Clinical Trls ETF. What is your outlook on investing in Virtus LifeSci Biotech Clinical Trls ETF? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Virtus LifeSci and Financial Select Sector. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also Virtus LifeSci Hype Analysis, Virtus LifeSci Correlation, Portfolio Optimization, Virtus LifeSci Volatility as well as analyze Virtus LifeSci Alpha and Beta and Virtus LifeSci Performance. Please also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.