|VanEck Vectors Biotech ETF -- USA Etf|| |
USD 128.83 0.49 0.38%
The entity has beta of -0.7794 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.. 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 0.1629% will be sustainable into the future.
VanEck Vectors Biotech Relative Risk vs. Return Landscape
If you would invest 12,547
in VanEck Vectors Biotech ETF on December 21, 2017
and sell it today you would earn a total of 385
from holding VanEck Vectors Biotech ETF or generate 3.07%
return on investment over 30
days. VanEck Vectors Biotech ETF is generating 0.1629% of daily returns assuming volatility of 0.8868% on return distribution over 30 days investment horizon. In other words, 8% 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, VanEck Vectors Biotech ETF is expected to generate 1.58 times less return on investment than the market. In addition to that, the company is 1.91 times more volatile than its market benchmark. It trades about 0.18 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.55 per unit of volatility.
Based on latest financial disclosure the price to book indicator of VanEck Vectors Biotech ETF is roughly 2.74 times. This is 211.36% higher than that of the Van Eck family, and about the same as Health
(which currently averages 2.76) category, The Price to Book for all etfs is 182.47% lower than the firm.
| || VanEck Vectors Comparables |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
VanEck Vectors Daily Price Distribution
The median price of VanEck Vectors for the period between Thu, Dec 21, 2017 and Sat, Jan 20, 2018 is 128.05 with a coefficient of variation of 1.33. The daily time series for the period is distributed with a sample standard deviation of 1.7, arithmetic mean of 127.26, and mean deviation of 1.57. The Etf did not receive any noticable media coverage during the period.