Virtus LifeSci Biotech Products ETF has Semi Deviation of 0.9394, Coefficient Of Variation of 727.75 and Risk Adjusted Performance of 0.1611. Virtus LifeSci technical analysis provides you with the way to harness past market data to determine a pattern that measures the direction of the etf future prices. In other words you can use this information to find out if the etf will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for Virtus LifeSci Biotech Products ETF which can be compared to its competition. Please validate Virtus LifeSci BiotechTreynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if Virtus LifeSci is priced more or less accurately providing market reflects its prevalent price of 43.75 per share.
The output start index for this execution was five with a total number of output elements of twelve. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Virtus LifeSci Biotech volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
Virtus LifeSci Biotech Trend Analysis
Use this graph to draw trend lines for Virtus LifeSci Biotech Products ETF. You can use it to identify possible trend reversals for Virtus LifeSci as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Virtus LifeSci price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Virtus LifeSci Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Virtus LifeSci Biotech Products ETF applied against its price change over selected period. The best fit line has a slop of 0.14 % which may imply that Virtus LifeSci Biotech Products ETF will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 15.53, which is the sum of squared deviations for the predicted Virtus LifeSci price change compared to its average price change.
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Virtus LifeSci Biotech Products ETF is the top ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about 1.29 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Virtus LifeSci Biotech Products ETF is roughly 1.29