Virtus Emerging Markets Fund Market Value
| HIEMX Fund | USD 7.03 0.07 1.01% |
| Symbol | Virtus |
Virtus Emerging '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 Emerging'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 Emerging.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Virtus Emerging on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Emerging Markets or generate 0.0% return on investment in Virtus Emerging over 30 days. Virtus Emerging is related to or competes with Metropolitan West, Janus Flexible, Eaton Vance, Mfs Emerging, and Delaware Value. The fund offers investors exposure to emerging economies through well-established companies More
Virtus Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 5.36 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.24 |
Virtus Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Emerging's standard deviation. In reality, there are many statistical measures that can use Virtus Emerging historical prices to predict the future Virtus Emerging's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Emerging'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 Emerging Markets Backtested Returns
Virtus Emerging Markets owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0795, which indicates the fund had a -0.0795% return per unit of risk over the last 3 months. Virtus Emerging Markets exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus Emerging's Risk Adjusted Performance of (0.04), coefficient of variation of (1,327), and Variance of 0.7749 to confirm the risk estimate we provide. The entity has a beta of 0.79, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Emerging is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Virtus Emerging Markets has modest predictability. Overlapping area represents the amount of predictability between Virtus Emerging time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Emerging Markets price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Virtus Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Virtus Emerging Markets lagged returns against current returns
Autocorrelation, which is Virtus Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Virtus Emerging returns to help us make a trade decision. For example, suppose you find that Virtus Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Emerging Lagged Returns
When evaluating Virtus Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Emerging mutual fund have on its future price. Virtus Emerging 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 Emerging autocorrelation shows the relationship between Virtus Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Emerging Markets.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Virtus Emerging Correlation, Virtus Emerging Volatility and Virtus Emerging Alpha and Beta module to complement your research on Virtus Emerging. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Virtus Emerging 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.