Virtus Lifesci Biotech Etf Price on April 5, 2024
| BBP Etf | USD 52.96 0.49 0.92% |
Below is the normalized historical share price chart for Virtus LifeSci Biotech extending back to December 17, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Virtus LifeSci stands at 52.96, as last reported on the 1st of May, with the highest price reaching 53.28 and the lowest price hitting 52.96 during the day.
If you're considering investing in Virtus Etf, it is important to understand the factors that can impact its price. Virtus LifeSci Biotech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0948, which indicates the etf had a -0.0948% return per unit of risk over the last 3 months. Virtus LifeSci Biotech exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus LifeSci's Risk Adjusted Performance of (0.05), coefficient of variation of (1,230), and Variance of 2.22 to confirm the risk estimate we provide.
Virtus Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 20.41 | 200 Day MA 53.8019 | 1 y Volatility 21.41 | 50 Day MA 56.1145 | Inception Date 2014-12-16 |
Virtus |
Sharpe Ratio = -0.0948
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Estimated Market Risk
| 1.48 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Virtus LifeSci is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Virtus LifeSci by adding Virtus LifeSci to a well-diversified portfolio.
Average Mkt Cap Mil 5 K |
Virtus LifeSci Valuation on April 5, 2024
It is possible to determine the worth of Virtus LifeSci on a given historical date. On April 5, 2024 Virtus was worth 55.03 at the beginning of the trading date compared to the closed value of 54.78. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Virtus LifeSci etf. Still, in general, we apply an absolute valuation method to find Virtus LifeSci's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Virtus LifeSci where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Virtus LifeSci's related companies.
| Open | High | Low | Close | Volume | |
| 55.55 | 55.55 | 54.33 | 54.34 | 2,300 | |
04/05/2024 | 55.03 | 55.10 | 54.42 | 54.78 | 3,132 |
| 54.42 | 54.62 | 54.42 | 54.57 | 1,757 |
| Backtest Virtus LifeSci | | | Virtus LifeSci History | | | Virtus LifeSci Valuation | Previous | Next |
Virtus LifeSci Trading Date Momentum on April 5, 2024
| On April 08 2024 Virtus LifeSci Biotech was traded for 54.57 at the closing time. Highest Virtus LifeSci's price during the trading hours was 54.62 and the lowest price during the day was 54.42 . The net volume was 1.8 K. The overall trading history on the 8th of April contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.38% . The trading price change to current price is 3.50% . |
Virtus LifeSci Biotech Fundamentals Correlations and Trends
By evaluating Virtus LifeSci's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Virtus LifeSci's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Virtus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Virtus LifeSci Etf history
Virtus LifeSci investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Virtus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Virtus LifeSci Biotech will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Virtus LifeSci stock prices may prove useful in developing a viable investing in Virtus LifeSci
Under normal market conditions, the fund will invest not less than 80 percent of its assets in component securities of the index. Virtus Lifesci is traded on NYSEARCA Exchange in the United States.
Virtus LifeSci Etf Technical Analysis
Virtus LifeSci technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Virtus LifeSci Period Price Range
Low | April 5, 2024
| High |
55.03 | 54.78 |
Virtus LifeSci May 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Virtus LifeSci etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Virtus LifeSci shares will generate the highest return on investment. By undertsting and applying Virtus LifeSci etf market strength indicators, traders can identify Virtus LifeSci Biotech entry and exit signals to maximize returns
Virtus LifeSci Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Virtus LifeSci's price direction in advance. Along with the technical and fundamental analysis of Virtus Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Virtus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.09) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Virtus LifeSci Biotech. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Virtus LifeSci Biotech information on this page should be used as a complementary analysis to other Virtus LifeSci's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
The market value of Virtus LifeSci Biotech is measured differently than its book value, which is the value of Virtus that is recorded on the company's balance sheet. Investors also form their own opinion of Virtus LifeSci's value that differs from its market value or its book value, called intrinsic value, which is Virtus LifeSci's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Virtus LifeSci's market value can be influenced by many factors that don't directly affect Virtus LifeSci's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Virtus LifeSci's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus LifeSci is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus LifeSci's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.