We consider VanEck Vectors not too risky. VanEck Vectors Biotech
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0734 which indicates the organization had 0.0734% of return per unit of risk over the last 2 months. Our philosophy towards measuring volatility of an etf is to use all available market data together with etf specific technical indicators
that cannot be diversified away. We have found twenty-eight technical indicators
for VanEck Vectors Biotech ETF which you can use to evaluate future volatility of the etf. Please validate VanEck Vectors Coefficient Of Variation
of 1323.13, Semi Deviation
of 1.71 and Risk Adjusted Performance
of 0.1475 to confirm if risk estimate we provide are consistent with the epected return of 0.1539%. The entity has beta of 0.8873 which indicates VanEck Vectors returns are very sensitive to returns on the market. as market goes up or down, VanEck Vectors is expected to follow. Although it is extremely important to respect VanEck Vectors Biotech
current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By inspecting VanEck Vectors Biotech technical indicators
you can presently evaluate if the expected return of 0.1539% will be sustainable into the future.
Poor reverse predictability
VanEck Vectors Biotech ETF has poor reverse predictability. Overlapping area represents the amount of predictability between VanEck Vectors time series from November 19, 2018 to December 19, 2018 and December 19, 2018 to January 18, 2019. 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 -0.38 indicates that just about 38.0% 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.