VanEck Vectors Backtesting

BBH -- USA Etf  

USD 125.24  2.29  1.86%

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

VanEck Vectors 'What if' Analysis

September 15, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 15, 2018
0.00
If you would invest  0.00  in VanEck Vectors on September 15, 2018 and sell it all today you would earn a total of 0.00 from holding VanEck Vectors Biotech ETF or generate 0.0% return on investment in VanEck Vectors over 30 days. VanEck Vectors is related to or competes with US Healthcare, United Technologies, JPMorgan Chase, International Business, Exxon, Verizon Communications, and Chevron. The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of t...

VanEck Vectors Upside/Downside Indicators

Information Ratio0.038428
Maximum Drawdown6.56
Value At Risk2.52
Potential Upside1.44
  

VanEck Vectors Market Premium Indicators

Risk Adjusted Performance0.13
Jensen Alpha0.24
Total Risk Alpha0.006
Treynor Ratio0.8589

VanEck Vectors Biotech Backtested Returns

Macroaxis considers VanEck Vectors to be not too risky. VanEck Vectors Biotech owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1022 which indicates VanEck Vectors Biotech had -0.1022% 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. VanEck Vectors Biotech ETF exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate VanEck Vectors Coefficient Of Variation of 745.12 and Risk Adjusted Performance of 0.13 to confirm risk estimate we provide. The entity has beta of -0.2379 which indicates as returns on market increase, returns on owning VanEck Vectors are expected to decrease at a much smaller rate. During bear market, VanEck Vectors is likely to outperform the market.. Even though it is essential to pay attention to VanEck Vectors 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. VanEck Vectors Biotech ETF exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.89) 

Excellent reverse predictability

VanEck Vectors Biotech ETF has excellent reverse predictability. Overlapping area represents the amount of predictability between VanEck Vectors time series from September 15, 2018 to September 30, 2018 and September 30, 2018 to October 15, 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 VanEck Vectors Biotech price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current VanEck Vectors price fluctuation can be explain by its past prices. Given that VanEck Vectors Biotech ETF has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of VanEck Vectors for similar time interval.
Correlation Coefficient-0.89
Spearman Rank Test-0.88
Residual Average0.0
Price Variance13.98

VanEck Vectors Biotech lagged returns against current returns

 Current and Lagged Values 
      Timeline 

VanEck Vectors regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

VanEck Vectors Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - BBH

VanEck Vectors Biotech Investor Sentiment

Greater number of Macroaxis users are currently bullish on VanEck Vectors Biotech ETF. What is your outlook on investing in VanEck Vectors Biotech ETF? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
Skip

VanEck Vectors Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for VanEck Vectors and US Healthcare Staples. 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 VanEck Vectors Hype Analysis, VanEck Vectors Correlation, Portfolio Optimization, VanEck Vectors Volatility as well as analyze VanEck Vectors Alpha and Beta and VanEck Vectors Performance. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Search macroaxis.com