Virtus Select Mlp Fund Market Value
| VLPIX Fund | USD 13.16 0.30 2.23% |
| Symbol | Virtus |
Virtus Select '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 Select's mutual fund 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 Select.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Virtus Select on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Select Mlp or generate 0.0% return on investment in Virtus Select over 30 days. Virtus Select is related to or competes with Cohen Steers, Eagle Mlp, Dreyfus Natural, Morningstar Unconstrained, Thrivent High, Via Renewables, and T Rowe. Under normal circumstances, the fund invests at least 80 percent of its assets in securities of master limited partnersh... More
Virtus Select 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 Select's mutual fund 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 Select Mlp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7664 | |||
| Information Ratio | 0.1021 | |||
| Maximum Drawdown | 2.93 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.09 |
Virtus Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Select's standard deviation. In reality, there are many statistical measures that can use Virtus Select historical prices to predict the future Virtus Select's volatility.| Risk Adjusted Performance | 0.12 | |||
| Jensen Alpha | 0.0899 | |||
| Total Risk Alpha | 0.0657 | |||
| Sortino Ratio | 0.0958 | |||
| Treynor Ratio | 0.1835 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Select'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 Select Mlp Backtested Returns
We consider Virtus Select very steady. Virtus Select Mlp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the fund had a 0.25% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus Select Mlp, which you can use to evaluate the volatility of the fund. Please validate Virtus Select's Risk Adjusted Performance of 0.12, coefficient of variation of 528.21, and Semi Deviation of 0.5607 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. The entity has a beta of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Select is expected to be smaller as well.
Auto-correlation | -0.34 |
Poor reverse predictability
Virtus Select Mlp has poor reverse predictability. Overlapping area represents the amount of predictability between Virtus Select time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Select Mlp price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Virtus Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Virtus Select Mlp lagged returns against current returns
Autocorrelation, which is Virtus Select mutual fund'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 Select's mutual fund expected returns. We can calculate the autocorrelation of Virtus Select returns to help us make a trade decision. For example, suppose you find that Virtus Select has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Select Lagged Returns
When evaluating Virtus Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Select mutual fund have on its future price. Virtus Select 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 Select autocorrelation shows the relationship between Virtus Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Select Mlp.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Virtus Select in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Virtus Select's short interest history, or implied volatility extrapolated from Virtus Select options trading.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| LTC | Litecoin | |
| STETH | Staked Ether | |
| LINK | Chainlink |
Check out Virtus Select Correlation, Virtus Select Volatility and Virtus Select Alpha and Beta module to complement your research on Virtus Select. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Virtus Select technical mutual fund 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, fund market cycles, or different charting patterns.