Virtus Tax Exempt Bond Fund Price on May 29, 2020

PXCZX Fund  USD 10.30  0.01  0.1%   
Below is the normalized historical share price chart for Virtus Tax Exempt Bond extending back to June 27, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Virtus Tax stands at 10.30, as last reported on the 29th of March, with the highest price reaching 10.30 and the lowest price hitting 10.30 during the day.
 
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Covid
If you're considering investing in Virtus Mutual Fund, it is important to understand the factors that can impact its price. Virtus Tax-exempt Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0597, which indicates the fund had a -0.0597% return per unit of risk over the last 3 months. Virtus Tax Exempt Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus Tax's Coefficient Of Variation of (9,377), variance of 0.0169, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide.
  
Virtus Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0597

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Estimated Market Risk

 0.13
  actual daily
1
99% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Virtus Tax is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Virtus Tax by adding Virtus Tax to a well-diversified portfolio.

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.

About Virtus Tax Mutual Fund history

Virtus Tax investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Virtus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Virtus Tax-exempt Bond will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Virtus Tax stock prices may prove useful in developing a viable investing in Virtus Tax
The fund seeks to generate current income exempt from federal income taxes by investing in a diversified portfolio with municipal bonds of varying maturities. The management team focuses on higher quality tax-exempt municipal bonds, gauging the value of a security by issue type, credit quality, and bond structure. Under normal circumstances, as a matter of fundamental policy, it invests at least 80 percent of its assets in municipal bonds, the income from which is exempt from federal income taxes.

Virtus Tax Mutual Fund Technical Analysis

Virtus Tax 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.
A focus of Virtus Tax technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Virtus Tax trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Virtus Tax Period Price Range

Virtus Tax March 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Virtus Tax mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Virtus Tax shares will generate the highest return on investment. By undertsting and applying Virtus Tax mutual fund market strength indicators, traders can identify Virtus Tax Exempt Bond entry and exit signals to maximize returns

Virtus Tax Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Virtus Tax's price direction in advance. Along with the technical and fundamental analysis of Virtus Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Virtus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Virtus Tax Exempt Bond. 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 nation.
Note that the Virtus Tax-exempt Bond information on this page should be used as a complementary analysis to other Virtus Tax'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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Virtus Mutual Fund analysis

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