Virtus Mutual Fund Quote

NARAX -  USA Fund  

USD 4.74  0.01  0.21%

Virtus Newfleet is trading at 4.74 as of the 25th of October 2021; that is -0.21 percent decrease since the beginning of the trading day. The fund's open price was 4.75. Virtus Newfleet has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Virtus Newfleet Multi-Sector are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of November 2019 and ending today, the 25th of October 2021. Click here to learn more.
 Market Performance
0 of 100
  Odds Of Distress
Less than 1
The investment seeks high current income while the adviser attempts to limit changes in the funds net asset value per share caused by interest rate changes. Virtus Newfleet is traded on NASDAQ Exchange in the United States.. More on Virtus Newfleet Multi-Sector

Virtus Newfleet Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Virtus Newfleet's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Virtus Newfleet or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Virtus Newfleet Mult is unlikely to experience financial distress in the next 2 years
On 31st of August 2021 Virtus Newfleet paid $ 0.007 per share dividend to its current shareholders
The fund maintains about 96.31% of its assets in bonds
Legal NameVirtus Newfleet Multi-Sector
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Virtus Newfleet's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Beta In Three Year0.48
Startdate31st of August 1993
Virtus Newfleet Multi-Sector [NARAX] is traded in USA and was established 25th of October 2021. The fund is listed under Short-Term Bond category and is part of Virtus family. Virtus Newfleet Mult now has accumulated 6.46 B in assets with minimum initial investment of 2.5 K. , while the total return for the last 3 years was 1.67%.
Check Virtus Newfleet Probability Of Bankruptcy

Instrument Allocation

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Virtus Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Virtus Newfleet , and the less return is expected.

Top Virtus Newfleet Multi-Sector Constituents

Virtus Newfleet Target Price Odds Analysis

What are Virtus Newfleet's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Virtus Newfleet jumping above the current price in 90 days from now is about 41.26%. The Virtus Newfleet Multi-Sector probability density function shows the probability of Virtus Newfleet mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Virtus Newfleet has a beta of 0.0568. This indicates as returns on the market go up, Virtus Newfleet average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Virtus Newfleet Multi-Sector will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Virtus Newfleet Mult is significantly underperforming DOW.
 Odds Down 4.74HorizonTargetOdds Up 4.74 
58.19%90 days
 4.74 
41.26%
Based on a normal probability distribution, the odds of Virtus Newfleet to move above the current price in 90 days from now is about 41.26 (This Virtus Newfleet Multi-Sector probability density function shows the probability of Virtus Mutual Fund to fall within a particular range of prices over 90 days) .

Virtus Newfleet Mult Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Virtus Newfleet market risk premium is the additional return an investor will receive from holding Virtus Newfleet long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Virtus Newfleet. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Virtus Newfleet's alpha and beta are two of the key measurements used to evaluate Virtus Newfleet's performance over the market, the standard measures of volatility play an important role as well.

Virtus Newfleet Against Markets

Picking the right benchmark for Virtus Newfleet mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Virtus Newfleet mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Virtus Newfleet is critical whether you are bullish or bearish towards Virtus Newfleet Multi-Sector at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Virtus Newfleet without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see Stocks Correlation. Note that the Virtus Newfleet Mult information on this page should be used as a complementary analysis to other Virtus Newfleet'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for Virtus Mutual Fund analysis

When running Virtus Newfleet Mult price analysis, check to measure Virtus Newfleet'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 Virtus Newfleet is operating at the current time. Most of Virtus Newfleet's value examination focuses on studying past and present price action to predict the probability of Virtus Newfleet's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Virtus Newfleet's price. Additionally, you may evaluate how the addition of Virtus Newfleet to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Virtus Newfleet's value and its price as these two are different measures arrived at by different means. Investors typically determine Virtus Newfleet value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Newfleet'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.