Virtus Tax Exempt Bond Fund Fundamentals

PXCZX Fund  USD 10.30  0.01  0.1%   
Virtus Tax Exempt Bond fundamentals help investors to digest information that contributes to Virtus Tax-exempt's financial success or failures. It also enables traders to predict the movement of Virtus Mutual Fund. The fundamental analysis module provides a way to measure Virtus Tax-exempt's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Virtus Tax-exempt mutual fund.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Virtus Net Asset Analysis

Virtus Tax-exempt's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.

Net Asset

 = 

Current Market Value

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Current Liabilities

More About Net Asset | All Equity Analysis

Current Virtus Tax-exempt Net Asset

    
  70.71 M  
Most of Virtus Tax-exempt's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Virtus Tax Exempt Bond is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Competition

Virtus Tax-exempt Net Asset Component Assessment

Based on the recorded statements, Virtus Tax Exempt Bond has a Net Asset of 70.71 M. This is 67.73% lower than that of the Virtus family and significantly higher than that of the Muni National Interm category. The net asset for all United States funds is notably lower than that of the firm.

Virtus Tax-exempt Bond Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Virtus Tax-exempt's current stock value. Our valuation model uses many indicators to compare Virtus Tax-exempt value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Virtus Tax-exempt competition to find correlations between indicators driving Virtus Tax-exempt's intrinsic value. More Info.
Virtus Tax Exempt Bond is rated top fund in net asset among similar funds. It is rated top fund in last dividend paid among similar funds . The ratio of Net Asset to Last Dividend Paid for Virtus Tax Exempt Bond is about  7,071,000,000 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Virtus Tax-exempt by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Virtus Tax-exempt's Mutual Fund . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Virtus Tax-exempt's earnings, one of the primary drivers of an investment's value.

Virtus Five Year Return Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Virtus Tax-exempt's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Virtus Tax-exempt could also be used in its relative valuation, which is a method of valuing Virtus Tax-exempt by comparing valuation metrics of similar companies.
Virtus Tax is currently under evaluation in five year return among similar funds.

Fund Asset Allocation for Virtus Tax-exempt

The fund consists of 96.75% investments in fixed income securities, with the rest of funds allocated in cash.
Asset allocation divides Virtus Tax-exempt's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.

Virtus Fundamentals

About Virtus Tax-exempt Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Virtus Tax Exempt Bond's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Virtus Tax-exempt using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Virtus Tax Exempt Bond based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.
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 Tax-exempt 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 Tax-exempt's short interest history, or implied volatility extrapolated from Virtus Tax-exempt options trading.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Virtus Tax-exempt Bond using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Check out Virtus Tax-exempt Piotroski F Score and Virtus Tax-exempt Altman Z Score analysis.
Note that the Virtus Tax-exempt Bond information on this page should be used as a complementary analysis to other Virtus Tax-exempt'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 Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for Virtus Mutual Fund analysis

When running Virtus Tax-exempt's price analysis, check to measure Virtus Tax-exempt'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-exempt is operating at the current time. Most of Virtus Tax-exempt's value examination focuses on studying past and present price action to predict the probability of Virtus Tax-exempt'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-exempt's price. Additionally, you may evaluate how the addition of Virtus Tax-exempt to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Virtus Tax-exempt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Tax-exempt 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-exempt'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.