Virtus Infracap Preferred Etf Market Value
| PFFA Etf | USD 20.19 0.52 2.51% |
| Symbol | Virtus |
The market value of Virtus InfraCap Preferred 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 InfraCap's value that differs from its market value or its book value, called intrinsic value, which is Virtus InfraCap'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 InfraCap's market value can be influenced by many factors that don't directly affect Virtus InfraCap'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 InfraCap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus InfraCap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus InfraCap'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.
Virtus InfraCap 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Virtus InfraCap's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Virtus InfraCap.
| 10/18/2023 |
| 04/15/2024 |
If you would invest 0.00 in Virtus InfraCap on October 18, 2023 and sell it all today you would earn a total of 0.00 from holding Virtus InfraCap Preferred or generate 0.0% return on investment in Virtus InfraCap over 180 days. Virtus InfraCap is related to or competes with ETFis Series, XAI Octagon, InfraCap MLP, VanEck BDC, and Reaves Utility. Under normal market conditions, the fund will invest not less than 80 percent of its net assets in U.S More
Virtus InfraCap Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Virtus InfraCap's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Virtus InfraCap Preferred upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.558 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.39 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 0.8346 |
Virtus InfraCap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus InfraCap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus InfraCap's standard deviation. In reality, there are many statistical measures that can use Virtus InfraCap historical prices to predict the future Virtus InfraCap's volatility.| Risk Adjusted Performance | 0.0331 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0437 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus InfraCap's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Virtus InfraCap Preferred Backtested Returns
Virtus InfraCap Preferred owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.025, which indicates the etf had a -0.025% return per unit of risk over the last 3 months. Virtus InfraCap Preferred exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus InfraCap's Coefficient Of Variation of 1771.76, semi deviation of 0.4837, and Risk Adjusted Performance of 0.0331 to confirm the risk estimate we provide. The entity has a beta of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus InfraCap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus InfraCap is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Virtus InfraCap Preferred has very good predictability. Overlapping area represents the amount of predictability between Virtus InfraCap time series from 18th of October 2023 to 16th of January 2024 and 16th of January 2024 to 15th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Virtus InfraCap Preferred price movement. The serial correlation of 0.85 indicates that around 85.0% of current Virtus InfraCap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Virtus InfraCap Preferred lagged returns against current returns
Autocorrelation, which is Virtus InfraCap etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Virtus InfraCap's etf expected returns. We can calculate the autocorrelation of Virtus InfraCap returns to help us make a trade decision. For example, suppose you find that Virtus InfraCap has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Virtus InfraCap regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Virtus InfraCap etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus InfraCap etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus InfraCap etf over time.
Current vs Lagged Prices |
| Timeline |
Virtus InfraCap Lagged Returns
When evaluating Virtus InfraCap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus InfraCap etf have on its future price. Virtus InfraCap autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Virtus InfraCap autocorrelation shows the relationship between Virtus InfraCap etf current value and its past values and can show if there is a momentum factor associated with investing in Virtus InfraCap Preferred.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Virtus InfraCap Preferred using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Virtus InfraCap Correlation, Virtus InfraCap Volatility and Virtus InfraCap Alpha and Beta module to complement your research on Virtus InfraCap. Note that the Virtus InfraCap Preferred information on this page should be used as a complementary analysis to other Virtus InfraCap'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Virtus InfraCap 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.