|Horizon||30 Days Login to change|
Virtus LifeSci Market Sensitivity
|Virtus LifeSci returns are very sensitive to returns on the market. As market goes up or down, Virtus LifeSci is expected to follow.One Month Beta |Analyze Virtus LifeSci Biotech Demand TrendCheck current 30 days Virtus LifeSci correlation with market (DOW)|
β = 1.1004
Virtus LifeSci Biotech Technical Analysis
Virtus LifeSci Projected Return Density Against MarketConsidering 30-days investment horizon, the etf has beta coefficient of 1.1004 . This suggests Virtus LifeSci Biotech Clinical Trls ETF market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Virtus LifeSci is expected to follow. Additionally, Virtus LifeSci Biotech Clinical Trls ETF has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Virtus LifeSci Return VolatilityVirtus LifeSci Biotech Clinical Trls ETF has volatility of 2.052% on return distribution over 30 days investment horizon. DOW inherits 1.0635% risk (volatility on return distribution) over the 30 days horizon.