We consider VanEck Vectors not too risky. VanEck Vectors Biotech owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.1337 which indicates VanEck Vectors Biotech had 0.1337% 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 0.5744, Coefficient Of Variation of 1191.46 and Risk Adjusted Performance of 0.0385 to confirm if risk estimate we provide are consistent with the epected return of 0.1156%.
|Time Horizon||30 Days Login to change|
VanEck Vectors Market Sensitivity
|As returns on market increase, returns on owning VanEck Vectors are expected to decrease by larger amounts. On the other hand, during market turmoil, VanEck Vectors is expected to significantly outperform it.One Month Beta |Analyze VanEck Vectors Biotech Demand TrendCheck current 30 days VanEck Vectors correlation with market (DOW)|
β = -1.3075
VanEck Vectors Biotech Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, VanEck Vectors Biotech ETF has beta of -1.3075 . This suggests as returns on its benchmark rise, returns on holding VanEck Vectors Biotech ETF are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, VanEck Vectors is expected to outperform its benchmark. Moreover, VanEck Vectors Biotech ETF has an alpha of 0.3641 implying that it can potentially generate 0.3641% 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 747.83. The daily returns are destributed with a variance of 0.75 and standard deviation of 0.86. The mean deviation of VanEck Vectors Biotech ETF is currently at 0.58. For similar time horizon, the selected benchmark (DOW) has volatility of 0.39