|Horizon||30 Days Login to change|
Virtus LifeSci Market Sensitivity
|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.One Month Beta |Analyze Virtus LifeSci Biotech Demand TrendCheck current 30 days Virtus LifeSci correlation with market (DOW)|
β = 0.7937
Virtus LifeSci Biotech Technical Analysis
Virtus LifeSci Projected Return Density Against MarketConsidering 30-days investment horizon, Virtus LifeSci has beta of 0.7937 . This suggests as returns on market go up, Virtus LifeSci average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Virtus LifeSci Biotech Products ETF will be expected to be much smaller as well. Additionally, Virtus LifeSci Biotech Products 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
Virtus LifeSci Return VolatilityVirtus LifeSci Biotech Products ETF has volatility of 1.632% on return distribution over 30 days investment horizon. DOW inherits 1.0609% risk (volatility on return distribution) over the 30 days horizon.