|Horizon||30 Days Login to change|
VanEck Vectors Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, VanEck Vectors will likely underperform.One Month Beta |Analyze VanEck Vectors Biotech Demand TrendCheck current 30 days VanEck Vectors correlation with market (DOW)|
β = 1.2579
VanEck Vectors Biotech Technical Analysis
VanEck Vectors Projected Return Density Against MarketConsidering 30-days investment horizon, the etf has beta coefficient of 1.2579 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, VanEck Vectors will likely underperform. Additionally, VanEck Vectors Biotech 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
VanEck Vectors Return VolatilityVanEck Vectors Biotech ETF has volatility of 0.8364% on return distribution over 30 days investment horizon. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.