We consider Virtus LifeSci not too risky. Virtus LifeSci Biotech
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0722 which indicates Virtus LifeSci Biotech
had 0.0722% of return per unit of risk over the last 1 month. 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 technical indicators
for Virtus LifeSci Biotech Products ETF which you can use to evaluate future volatility of the etf. Please validate Virtus LifeSci Semi Deviation
of 0.86, Coefficient Of Variation
of 1385.74 and Risk Adjusted Performance
of 0.01 to confirm if risk estimate we provide are consistent with the epected return of 0.0623%. The entity has beta of 0.0 which indicates the returns on MARKET and Virtus LifeSci are completely uncorrelated. Although it is extremely important to respect Virtus LifeSci 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 Virtus LifeSci Biotech technical indicators
you can presently evaluate if the expected return of 0.0623% will be sustainable into the future.
|15 days auto-correlation||(0.73) |
Almost perfect reverse predictability
Virtus LifeSci Biotech Products ETF has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Virtus LifeSci time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 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 -0.73 indicates that around 73.0% of current Virtus LifeSci price fluctuation can be explain by its past prices. Given that Virtus LifeSci Biotech Products ETF has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Virtus LifeSci for similar time interval.
|Spearman Rank Test||-0.41|