Vaneck Etf Volatility

BBH -  USA Etf  

USD 196.16  1.71  0.86%

Vaneck Biotech ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0304, which indicates the etf had -0.0304% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Vaneck Biotech ETF exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Vaneck Biotech risk adjusted performance of (0.023895), and Coefficient Of Variation of (2,425) to confirm the risk estimate we provide.

Vaneck Volatility 

 
Refresh
Vaneck Biotech Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Vaneck daily returns, and it is calculated using variance and standard deviation. We also use Vaneck's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Vaneck Biotech volatility.

390 Days Market Risk

Very steady

Chance of Distress

Very Low

390 Days Economic Sensitivity

Slowly supersedes the market

Vaneck Biotech Market Sensitivity And Downside Risk

Vaneck Biotech's beta coefficient measures the volatility of Vaneck etf compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Vaneck etf's returns against your selected market. In other words, Vaneck Biotech's beta of 0.21 provides an investor with an approximation of how much risk Vaneck Biotech etf can potentially add to one of your existing portfolios.
Let's try to break down what Vaneck's beta means in this case. As returns on the market increase, Vaneck Biotech returns are expected to increase less than the market. However, during the bear market, the loss on holding Vaneck Biotech will be expected to be smaller as well.
3 Months Beta |Analyze Vaneck Biotech ETF Demand Trend
Check current 90 days Vaneck Biotech correlation with market (DOW)

Vaneck Beta

    
  0.21  
Vaneck standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  1.48  
It is essential to understand the difference between upside risk (as represented by Vaneck Biotech's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Vaneck Biotech stock's daily returns or price. Since the actual investment returns on holding a position in Vaneck Biotech stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Vaneck Biotech.

Vaneck Biotech Implied Volatility

    
  14.29  
Vaneck Biotech's implied volatility exposes the market's sentiment of Vaneck Biotech ETF stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Vaneck Biotech's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Vaneck Biotech stock will not fluctuate a lot when Vaneck Biotech's options near their expiration.

Vaneck Biotech ETF Etf Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Vaneck Biotech ETF Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Vaneck Biotech Projected Return Density Against Market

Considering the 90-day investment horizon Vaneck Biotech has a beta of 0.2145 suggesting as returns on the market go up, Vaneck Biotech average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Vaneck Biotech ETF will be expected to be much smaller as well.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Vaneck Biotech or VanEck sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Vaneck Biotech stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Vaneck stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Vaneck Biotech ETF is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Vaneck Biotech Etf Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Vaneck Biotech or VanEck sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Vaneck Biotech stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Vaneck stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Considering the 90-day investment horizon the coefficient of variation of Vaneck Biotech is -3292.99. The daily returns are distributed with a variance of 2.19 and standard deviation of 1.48. The mean deviation of Vaneck Biotech ETF is currently at 1.11. For similar time horizon, the selected benchmark (DOW) has volatility of 0.71
α
Alpha over DOW
-0.08
β
Beta against DOW0.21
σ
Overall volatility
1.48
Ir
Information ratio -0.07

Vaneck Biotech Etf Return Volatility

Vaneck Biotech historical daily return volatility represents how much Vaneck Biotech stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The Exchange Traded Fund has volatility of 1.4797% on return distribution over 90 days investment horizon. By contrast, DOW inherits 0.7076% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Vaneck Biotech Volatility

Volatility is a rate at which the price of Vaneck Biotech or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Vaneck Biotech may increase or decrease. In other words, similar to Vaneck's beta indicator, it measures the risk of Vaneck Biotech and helps estimate the fluctuations that may happen in a short period of time. So if prices of Vaneck Biotech fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS US Listed Biotech 25 Index. Biotech Vaneck is traded on NYSEArca Exchange in the United States.

Nearest Vaneck long CALL Option Payoff at Expiration

Vaneck Biotech's implied volatility is one of the determining factors in the pricing options written on Vaneck Biotech ETF. Implied volatility approximates the future value of Vaneck Biotechusing the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Vaneck Biotech ETF over a specific time period.
View All Vaneck options
2021-11-19 CALL at $178.0 is a CALL option contract on Vaneck Biotech's common stock with a strick price of 178.0 expiring on 2021-11-19. The contract was not traded in recent days and, as of today, has 27 days remaining before the expiration. The option is currently trading at a bid price of $16.8, and an ask price of $19.8. The implied volatility as of the 23rd of October is 19.9144.
 Profit 
Share
      Vaneck Biotech Price At Expiration 

Vaneck Biotech Investment Opportunity

Vaneck Biotech ETF has a volatility of 1.48 and is 2.08 times more volatile than DOW. 12  of all equities and portfolios are less risky than Vaneck Biotech. Compared to the overall equity markets, volatility of historical daily returns of Vaneck Biotech ETF is lower than 12 () of all global equities and portfolios over the last 90 days. Use Vaneck Biotech ETF to protect your portfolios against small market fluctuations. The etf experiences a moderate downward daily trend and can be a good diversifier. Check odds of Vaneck Biotech to be traded at $192.24 in 90 days. . Let's try to break down what Vaneck's beta means in this case. As returns on the market increase, Vaneck Biotech returns are expected to increase less than the market. However, during the bear market, the loss on holding Vaneck Biotech will be expected to be smaller as well.

Average diversification

The correlation between Vaneck Biotech ETF and DJI is Average diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vaneck Biotech ETF and DJI in the same portfolio assuming nothing else is changed.

Vaneck Biotech Additional Risk Indicators

The analysis of Vaneck Biotech's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Vaneck Biotech's investment and either accepting that risk or mitigating it. Along with some common measures of Vaneck Biotech stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance(0.023895)
Market Risk Adjusted Performance(0.32)
Mean Deviation1.14
Coefficient Of Variation(2,425)
Standard Deviation1.5
Variance2.24
Information Ratio(0.07)
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Vaneck Biotech Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
Manulife Financial vs. Vaneck Biotech
Union Pacific vs. Vaneck Biotech
Ford vs. Vaneck Biotech
Mountain Valley vs. Vaneck Biotech
Citigroup vs. Vaneck Biotech
Royal Wins vs. Vaneck Biotech
BRAGG GAMING vs. Vaneck Biotech
Salesforce vs. Vaneck Biotech
Total SE vs. Vaneck Biotech
Alphabet vs. Vaneck Biotech
Visa vs. Vaneck Biotech
GM vs. Vaneck Biotech
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Vaneck Biotech as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Vaneck Biotech's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Vaneck Biotech's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Vaneck Biotech ETF.
Continue to Trending Equities. Note that the Vaneck Biotech ETF information on this page should be used as a complementary analysis to other Vaneck Biotech'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Vaneck Etf analysis

When running Vaneck Biotech ETF price analysis, check to measure Vaneck Biotech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vaneck Biotech is operating at the current time. Most of Vaneck Biotech's value examination focuses on studying past and present price action to predict the probability of Vaneck Biotech's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Vaneck Biotech's price. Additionally, you may evaluate how the addition of Vaneck Biotech to your portfolios can decrease your overall portfolio volatility.
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
The market value of Vaneck Biotech ETF is measured differently than its book value, which is the value of Vaneck that is recorded on the company's balance sheet. Investors also form their own opinion of Vaneck Biotech's value that differs from its market value or its book value, called intrinsic value, which is Vaneck Biotech'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 Vaneck Biotech's market value can be influenced by many factors that don't directly affect Vaneck Biotech ETF underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Vaneck Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine Vaneck Biotech value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vaneck Biotech'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.