Virtus Tax Exempt Bond Fund Z Score
PXCZX Fund | USD 10.20 0.01 0.1% |
Virtus |
Virtus Tax Exempt Bond Mutual Fund Z Score Analysis
Virtus Tax's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition |
Based on the company's disclosures, Virtus Tax Exempt Bond has a Z Score of 0.0. This indicator is about the same for the Virtus average (which is currently at 0.0) family and about the same as Muni National Interm (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
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Fund Asset Allocation for Virtus Tax
The fund consists of 96.75% investments in fixed income securities, with the rest of funds allocated in cash.Asset allocation divides Virtus Tax'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
Total Asset | 1.55 M | |||
Annual Yield | 0.0005 % | |||
Year To Date Return | 0.18 % | |||
One Year Return | 1.12 % | |||
Three Year Return | (2.09) % | |||
Five Year Return | 0.15 % | |||
Ten Year Return | 2.69 % | |||
Net Asset | 70.71 M | |||
Minimum Initial Investment | 2.5 K | |||
Last Dividend Paid | 0.01 | |||
Cash Position Weight | 3.25 % | |||
Bond Positions Weight | 96.75 % |
About Virtus Tax 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 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.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Virtus Tax Exempt 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.Build Optimal Portfolios
Align your risk with return expectations
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 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.