|Virtus LifeSci Biotech Clinical Trls ETF -- USA Etf|| |
USD 34.19 0.0027 0.0079%
The entity has beta of -0.1925 which indicates as returns on market increase, returns on owning Virtus LifeSci are expected to decrease at a much smaller rate. During bear market, Virtus LifeSci is likely to outperform the market.. 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 0.2004% will be sustainable into the future.
Virtus LifeSci Biotech Relative Risk vs. Return Landscape
If you would invest 3,291
in Virtus LifeSci Biotech Clinical Trls ETF on February 17, 2018
and sell it today you would earn a total of 128.27
from holding Virtus LifeSci Biotech Clinical Trls ETF or generate 3.9%
return on investment over 30
days. Virtus LifeSci Biotech Clinical Trls ETF is generating 0.2004% of daily returns assuming volatility of 1.385% on return distribution over 30 days investment horizon. In other words, 12% of equities are less volatile than the company and above 97% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, Virtus LifeSci Biotech Clinical Trls ETF is expected to generate 1.48 times more return on investment than the market. However, the company is 1.48 times more volatile than its market benchmark. It trades about 0.14 of its potential returns per unit of risk. The DOW is currently generating roughly 0.0 per unit of risk.
Virtus LifeSci Daily Price Distribution
The median price of Virtus LifeSci for the period between Sat, Feb 17, 2018 and Mon, Mar 19, 2018 is 34.1927 with a coefficient of variation of 2.79. The daily time series for the period is distributed with a sample standard deviation of 0.95, arithmetic mean of 34.08, and mean deviation of 0.81. The Etf did not receive any noticable media coverage during the period.