Virtus Private Credit Etf Market Value
| VPC Etf | USD 21.87 0.14 0.64% |
| Symbol | Virtus |
The market value of Virtus Private Credit is measured differently than its book value, which is the value of Virtus that is recorded on the company's balance sheet. Investors also form their own opinion of Virtus Private's value that differs from its market value or its book value, called intrinsic value, which is Virtus Private's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Virtus Private's market value can be influenced by many factors that don't directly affect Virtus Private's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Virtus Private's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Private is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Private'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.
Virtus Private '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 Private's etf 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 Private.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Virtus Private on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Virtus Private Credit or generate 0.0% return on investment in Virtus Private over 720 days. Virtus Private is related to or competes with TrimTabs Donoghue, First Trust, FT Cboe, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. Under normal market conditions, the fund will invest not less than 80 percent of its assets in component securities of t... More
Virtus Private 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 Private's etf 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 Private Credit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5362 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.32 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 0.7373 |
Virtus Private Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Private's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Private's standard deviation. In reality, there are many statistical measures that can use Virtus Private historical prices to predict the future Virtus Private's volatility.| Risk Adjusted Performance | 0.0026 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Private'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 Private Credit Backtested Returns
We consider Virtus Private very steady. Virtus Private Credit owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0414, which indicates the etf had a 0.0414% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Virtus Private Credit, which you can use to evaluate the volatility of the etf. Please validate Virtus Private's Coefficient Of Variation of 12511.71, semi deviation of 0.5157, and Risk Adjusted Performance of 0.0026 to confirm if the risk estimate we provide is consistent with the expected return of 0.021%. The entity has a beta of 0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Private's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Private is expected to be smaller as well.
Auto-correlation | 0.17 |
Very weak predictability
Virtus Private Credit has very weak predictability. Overlapping area represents the amount of predictability between Virtus Private time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 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 Private Credit price movement. The serial correlation of 0.17 indicates that over 17.0% of current Virtus Private price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.64 |
Virtus Private Credit lagged returns against current returns
Autocorrelation, which is Virtus Private etf'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 Private's etf expected returns. We can calculate the autocorrelation of Virtus Private returns to help us make a trade decision. For example, suppose you find that Virtus Private has exhibited high autocorrelation historically, and you observe that the etf 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 Private 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 Private etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Private etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Private etf over time.
Current vs Lagged Prices |
| Timeline |
Virtus Private Lagged Returns
When evaluating Virtus Private's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Private etf have on its future price. Virtus Private 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 Private autocorrelation shows the relationship between Virtus Private etf current value and its past values and can show if there is a momentum factor associated with investing in Virtus Private Credit.
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 Private 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 Private's short interest history, or implied volatility extrapolated from Virtus Private 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 Private Correlation, Virtus Private Volatility and Virtus Private Alpha and Beta module to complement your research on Virtus Private. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Virtus Private technical etf 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, etf market cycles, or different charting patterns.