Virtus Lifesci Biotech Etf Price on January 19, 2024
| BBC Etf | USD 27.46 0.24 0.87% |
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 27.46, as last reported on the 1st of December, with the highest price reaching 27.48 and the lowest price hitting 27.42 during the day.
If you're considering investing in Virtus Etf, it is important to understand the factors that can impact its price. At this point, Virtus LifeSci is very steady. Virtus LifeSci Biotech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0223, which indicates the etf had a 0.0223% return per unit of risk over the last 3 months. We have found thirty technical indicators for Virtus LifeSci Biotech, which you can use to evaluate the volatility of the etf. Please validate Virtus LifeSci's Risk Adjusted Performance of 0.0102, coefficient of variation of 18846.68, and Semi Deviation of 2.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.0434%.
Virtus Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 35.62 | 200 Day MA 27.7911 | 1 y Volatility 36.47 | 50 Day MA 28.5914 | Inception Date 2014-12-16 |
Virtus |
Sharpe Ratio = 0.0223
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| Negative Returns | BBC |
Estimated Market Risk
| 1.95 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Virtus LifeSci is performing at about 1% of its full potential. 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 it to a well-diversified portfolio.
Average Mkt Cap Mil 1.4 K |
Virtus LifeSci Valuation on January 19, 2024
It is possible to determine the worth of Virtus LifeSci on a given historical date. On January 19, 2024 Virtus was worth 24.26 at the beginning of the trading date compared to the closed value of 23.89. 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 | |
| 23.91 | 23.93 | 23.89 | 23.89 | 800.00 | |
01/19/2024 | 24.26 | 24.26 | 23.66 | 23.89 | 7,700 |
| 24.09 | 24.72 | 24.09 | 24.72 | 4,800 |
| Backtest Virtus LifeSci | | | Virtus LifeSci History | | | Virtus LifeSci Valuation | Previous | Next |
Virtus LifeSci Trading Date Momentum on January 19, 2024
| On January 22 2024 Virtus LifeSci Biotech was traded for 24.72 at the closing time. Highest Virtus LifeSci's price during the trading hours was 24.72 and the lowest price during the day was 24.09 . The net volume was 4.8 K. The overall trading history on the 22nd of January contributed to the next trading period price growth. The overall trading delta to the next next day price was 3.47% . The trading price change to current price is 4.56% . |
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
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 | December 1, 2024
| High |
0.00 | 0.00 |
Virtus LifeSci Biotech cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Virtus LifeSci December 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 | 0.0102 | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 3.0E-4 |
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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 closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.