Virtus Probability Of Bankruptcy

PXCZX -  USA Fund  

USD 11.37  0.01  0.09%

Virtus Newfleet Tax- Probability Of Bankruptcy is used to show its chance of financial distress over the next two years of operations under current economic and market conditions. Virtus Newfleet Tax- Probability Of Bankruptcy is determined by interpolating and adjusting Virtus Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Virtus balance sheet as well as cash flow and income statements available from the company's most recent filings. Please check Virtus Newfleet Piotroski F Score and Virtus Newfleet Altman Z Score analysis.

Virtus Probability Of Bankruptcy 

 
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Virtus Probability Of Bankruptcy Analysis

Virtus Newfleet's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Probability Of Bankruptcy 
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Current Virtus Newfleet Probability Of Bankruptcy

    
  1%  
Most of Virtus Newfleet's fundamental indicators, such as Probability Of Bankruptcy, 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 Newfleet Tax-Exempt is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Virtus Newfleet probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Virtus Newfleet odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Virtus Newfleet Tax-Exempt financial health.
Please note, there is a significant difference between Virtus Newfleet's value and its price as these two are different measures arrived at by different means. Investors typically determine Virtus Newfleet value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Newfleet'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.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
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Virtus Newfleet Probability Of Bankruptcy Component Assessment

Based on the latest financial disclosure, Virtus Newfleet Tax-Exempt has a Probability Of Bankruptcy of 1.0%. This is much higher than that of the Virtus family and significantly higher than that of the Muni National Interm category. The probability of bankruptcy for all United States funds is notably lower than that of the firm.

Virtus Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Virtus Newfleet's direct or indirect competition against its Probability Of Bankruptcy 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 Newfleet could also be used in its relative valuation, which is a method of valuing Virtus Newfleet by comparing valuation metrics of similar companies.
Virtus Newfleet is currently under evaluation in probability of bankruptcy among similar funds.

Virtus Fundamentals

About Virtus Newfleet Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Virtus Newfleet Tax-Exempt's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Virtus Newfleet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Virtus Newfleet Tax-Exempt 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 investment seeks a high level of current income that is exempt from federal income tax. Virtus Newfleet is traded on NASDAQ Exchange in the United States.

Virtus Newfleet Investors Sentiment

The influence of Virtus Newfleet's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Virtus. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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 Newfleet 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 Newfleet's short interest history, or implied volatility extrapolated from Virtus Newfleet options trading.

Current Sentiment - PXCZX

Virtus Newfleet Tax- Investor Sentiment

Macroaxis portfolio users are evenly split in their perspective on investing in Virtus Newfleet Tax-Exempt. What is your outlook on investing in Virtus Newfleet Tax-Exempt? Are you bullish or bearish?
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Please check Virtus Newfleet Piotroski F Score and Virtus Newfleet Altman Z Score analysis. Note that the Virtus Newfleet Tax- information on this page should be used as a complementary analysis to other Virtus Newfleet'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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