We consider VanEck Vectors not too risky. VanEck Vectors Biotech owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.2085 which indicates VanEck Vectors Biotech had 0.2085% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for VanEck Vectors Biotech ETF which you can use to evaluate future volatility of the etf. Please validate VanEck Vectors Semi Deviation of 0.3635, Coefficient Of Variation of 632.45 and Risk Adjusted Performance of 0.0746 to confirm if risk estimate we provide are consistent with the epected return of 0.1888%.
|Time Horizon||30 Days Login to change|
VanEck Vectors Market Sensitivity
|As returns on market increase, VanEck Vectors returns are expected to increase less than the market. However during bear market, the loss on holding VanEck Vectors will be expected to be smaller as well.One Month Beta |Analyze VanEck Vectors Biotech Demand TrendCheck current 30 days VanEck Vectors correlation with market (DOW)|
β = 0.5357
VanEck Vectors Biotech Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, VanEck Vectors has beta of 0.5357 . This suggests as returns on market go up, VanEck Vectors average returns are expected to increase less than the benchmark. However during bear market, the loss on holding VanEck Vectors Biotech ETF will be expected to be much smaller as well. Moreover, VanEck Vectors Biotech ETF has an alpha of 0.0027 implying that it can potentially generate 0.0027% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of VanEck Vectors is 479.51. The daily returns are destributed with a variance of 0.82 and standard deviation of 0.91. The mean deviation of VanEck Vectors Biotech ETF is currently at 0.62. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44