|Virtus LifeSci Biotech Products ETF -- USA Etf|| |
USD 42.95 0.17 0.39%
The entity has beta of 0.0056 which indicates as returns on market increase, Virtus LifeSci returns are expected to increase less than the market. However during bear market, the loss on holding Virtus LifeSci will be expected to be smaller as well.. Although it is extremely important to respect Virtus LifeSci 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 Virtus LifeSci Biotech technical indicators
you can presently evaluate if the expected return of 0.1116% will be sustainable into the future.
Virtus LifeSci Biotech Relative Risk vs. Return Landscape
If you would invest 4,223
in Virtus LifeSci Biotech Products ETF on February 16, 2018
and sell it today you would earn a total of 89.25
from holding Virtus LifeSci Biotech Products ETF or generate 2.11%
return on investment over 30
days. Virtus LifeSci Biotech Products ETF is generating 0.1116% of daily returns assuming volatility of 1.2102% on return distribution over 30 days investment horizon. In other words, 11% of equities are less volatile than the company and above 98% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, Virtus LifeSci Biotech Products ETF is expected to generate 1.26 times more return on investment than the market. However, the company is 1.26 times more volatile than its market benchmark. It trades about 0.09 of its potential returns per unit of risk. The DOW is currently generating roughly -0.04 per unit of risk.
Virtus LifeSci Daily Price Distribution
The median price of Virtus LifeSci for the period between Fri, Feb 16, 2018 and Sun, Mar 18, 2018 is 42.45 with a coefficient of variation of 2.15. The daily time series for the period is distributed with a sample standard deviation of 0.92, arithmetic mean of 42.57, and mean deviation of 0.74. The Etf did not receive any noticable media coverage during the period.