Virtus Convertible Fund Buy Hold or Sell Recommendation
| VAADX Fund | USD 31.10 0.14 0.45% |
Assuming the 90 days horizon and your typical level of risk aversion, our recommendation regarding Virtus Convertible is 'Strong Hold'. Macroaxis provides Virtus Convertible buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding VAADX positions. The advice algorithm takes into account all of Virtus Convertible's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Virtus Convertible's buy or sell advice are summarized below:
Real Value 31.28 | Hype Value 31.1 | Market Value 31.1 | Naive Value 30.62 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Virtus Convertible given historical horizon and risk tolerance towards Virtus Convertible. When Macroaxis issues a 'buy' or 'sell' recommendation for Virtus Convertible, the advice is generated through an automated system that utilizes algorithms and statistical models.
Virtus |
Execute Virtus Convertible Buy or Sell Advice
The Virtus recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Virtus Convertible. Macroaxis does not own or have any residual interests in Virtus Convertible or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Virtus Convertible's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details |
Virtus Convertible Trading Alerts and Improvement Suggestions
| The fund keeps most of the net assets in exotic instruments. |
Virtus Convertible Returns Distribution Density
The distribution of Virtus Convertible's historical returns is an attempt to chart the uncertainty of Virtus Convertible's future price movements. The chart of the probability distribution of Virtus Convertible daily returns describes the distribution of returns around its average expected value. We use Virtus Convertible price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Virtus Convertible returns is essential to provide solid investment advice for Virtus Convertible.
| Mean Return | 0.01 | Value At Risk | -1.1 | Potential Upside | 0.74 | Standard Deviation | 0.61 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Virtus Convertible historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Virtus Convertible Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Virtus Convertible or Virtus sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Virtus Convertible's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Virtus fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.03 | |
β | Beta against NYSE Composite | 0.68 | |
σ | Overall volatility | 0.62 | |
Ir | Information ratio | -0.08 |
Virtus Convertible Volatility Alert
Virtus Convertible exhibits relatively low volatility with skewness of -1.18 and kurtosis of 2.66. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Virtus Convertible's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Virtus Convertible's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Virtus Convertible Fundamentals Vs Peers
Comparing Virtus Convertible's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Virtus Convertible's direct or indirect competition across all of the common fundamentals between Virtus Convertible and the related equities. This way, we can detect undervalued stocks with similar characteristics as Virtus Convertible or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Virtus Convertible's fundamental indicators could also be used in its relative valuation, which is a method of valuing Virtus Convertible by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Virtus Convertible to competition |
| Fundamentals | Virtus Convertible | Peer Average |
| Net Asset | 1.76 B | 4.11 B |
| Cash Position Weight | 4.74 % | 10.61 % |
| Equity Positions Weight | 2.43 % | 63.90 % |
Virtus Convertible Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Virtus . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 31.1 | |||
| Day Typical Price | 31.1 | |||
| Price Action Indicator | (0.07) | |||
| Period Momentum Indicator | (0.14) |
About Virtus Convertible Buy or Sell Advice
When is the right time to buy or sell Virtus Convertible? Buying financial instruments such as Virtus Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Virtus Convertible in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Long Short Funds Thematic Idea Now
Long Short Funds
Funds or Etfs that are designed to hedge away market risk by investing in combination of bonds, stocks, derivative instruments as well as short positions to maximize returns irrespective of market conditions. The Long Short Funds theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Long Short Funds Theme or any other thematic opportunities.
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Check out Virtus Convertible Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.