Virtus Convertible Fund Quote
| VAADX Fund | USD 31.44 0.34 1.09% |
Performance1 of 100
| Odds Of DistressLess than 21
|
Virtus Convertible is trading at 31.44 as of the 24th of April 2024; that is 1.09 percent up since the beginning of the trading day. The fund's open price was 31.1. Virtus Convertible has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Virtus Convertible are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2023 and ending today, the 24th of April 2024. Click here to learn more.
The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in convertible securities. Convertible securities include, but are not limited to, corporate bonds, debentures, notes or preferred stocks and their hybrids that can be converted into equity securities or other securities that provide an opportunity for equity participation.. More on Virtus Convertible
Moving together with Virtus Mutual Fund
| 0.84 | VMSAX | Virtus Multi Strategy | PairCorr |
| 0.72 | VMSSX | Virtus Multi Sector | PairCorr |
| 0.79 | HYIZX | Ridgeworth Seix High | PairCorr |
| 0.75 | SAGAX | Ridgeworth Innovative | PairCorr |
| 0.82 | HYPSX | Ridgeworth Seix High | PairCorr |
Virtus 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. Virtus Convertible's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Virtus Convertible or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Convertibles Funds (View all Themes) |
| Fund Concentration | Virtus Funds, Convertibles Funds, Convertibles Funds, Convertibles, Virtus, Virtus, Convertibles (View all Sectors) |
| Update Date | 31st of March 2024 |
Virtus Convertible [VAADX] is traded in USA and was established 24th of April 2024. Virtus Convertible is listed under Virtus category by Fama And French industry classification. The fund is listed under Convertibles category and is part of Virtus family. The entity is thematically classified as Convertibles Funds. Virtus Convertible at this time has accumulated 1.76 B in net assets with no minimum investment requirements
Check Virtus Convertible Probability Of Bankruptcy
Instrument Allocation
Top Virtus Convertible Mutual Fund Constituents
Virtus Convertible Target Price Odds Analysis
Based on a normal probability distribution, the odds of Virtus Convertible jumping above the current price in 90 days from now is about 71.5%. The Virtus Convertible probability density function shows the probability of Virtus Convertible mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Virtus Convertible has a beta of 0.7231. This entails as returns on the market go up, Virtus Convertible average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Virtus Convertible will be expected to be much smaller as well. Additionally, virtus Convertible has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Virtus Convertible to move above the current price in 90 days from now is about 71.5 (This Virtus Convertible probability density function shows the probability of Virtus Mutual Fund to fall within a particular range of prices over 90 days) .
Virtus Convertible Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Virtus Convertible market risk premium is the additional return an investor will receive from holding Virtus Convertible 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 Convertible. 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 Convertible's alpha and beta are two of the key measurements used to evaluate Virtus Convertible's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.481 | |||
| Semi Deviation | 0.7361 | |||
| Standard Deviation | 0.6344 | |||
| Variance | 0.4024 |
Virtus Convertible Against Markets
Picking the right benchmark for Virtus Convertible 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 Convertible 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 Convertible is critical whether you are bullish or bearish towards Virtus Convertible at a given time. Please also check how Virtus Convertible's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Virtus Convertible without increasing your portfolio risk or giving up the 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.Did you try this?
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How to buy Virtus Mutual Fund?
Before investing in Virtus Convertible, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Virtus Convertible. To buy Virtus Convertible fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Virtus Convertible. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Virtus Convertible fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Virtus Convertible fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Virtus Convertible fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Virtus Convertible, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Virtus Convertible?
The danger of trading Virtus Convertible is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Virtus Convertible is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Virtus Convertible. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Virtus Convertible is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virtus Convertible. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Virtus Convertible information on this page should be used as a complementary analysis to other Virtus Convertible'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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.