We consider VanEck Vectors not too risky. VanEck Vectors Biotech owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.199 which indicates VanEck Vectors Biotech had 0.199% 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 0.39, Coefficient Of Variation of 490.86 and Risk Adjusted Performance of 0.01 to confirm if risk estimate we provide are consistent with the epected return of 0.1491%.
|Time Horizon||30 Days Login to change|
VanEck Vectors Biotech Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, VanEck Vectors has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and VanEck Vectors are completely uncorrelated. Furthermore, VanEck Vectors Biotech ETFIt does not look like VanEck Vectors alpha can have any bearing on the equity current valuation.
Predicted Return Density