Virtus Mutual Fund Market Value

PXCZX -  USA Fund  

USD 10.21  0.02  0.20%

Virtus Newfleet's market value is the price at which a share of Virtus Newfleet stock trades on a public exchange. It measures the collective expectations of Virtus Newfleet Tax-Exempt investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Virtus Newfleet Tax-Exempt and determine expected loss or profit from investing in Virtus Newfleet over a given investment horizon. Please check Virtus Newfleet Hype Analysis, Virtus Newfleet Correlation, Portfolio Optimization, Virtus Newfleet Volatility, as well as analyze Virtus Newfleet Alpha and Beta and Virtus Newfleet Performance.
Symbol
Backtest

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.

Virtus Newfleet '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 Newfleet's mutual fund 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 Newfleet.
0.00
04/23/2022
No Change 0.00  0.0 
In 30 days
05/23/2022
0.00
If you would invest  0.00  in Virtus Newfleet on April 23, 2022 and sell it all today you would earn a total of 0.00 from holding Virtus Newfleet Tax-Exempt or generate 0.0% return on investment in Virtus Newfleet over 30 days. Virtus Newfleet is related to or competes with Vanguard Intermediate-Ter, Vanguard Intermediate, American Fds, American Fds, American Fds, Tax-Exempt Bond, and American Fds. The investment seeks a high level of current income that is exempt from federal income tax

Virtus Newfleet 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 Newfleet's mutual fund 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 Newfleet Tax-Exempt upside and downside potential and time the market with a certain degree of confidence.

Virtus Newfleet Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Newfleet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Newfleet's standard deviation. In reality, there are many statistical measures that can use Virtus Newfleet historical prices to predict the future Virtus Newfleet's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Virtus Newfleet'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. Please use the tools below to analyze the current value of Virtus Newfleet in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
10.0410.2110.38
Details
Intrinsic
Valuation
LowReal ValueHigh
10.1310.3010.47
Details
Naive
Forecast
LowNext ValueHigh
10.0310.2010.37
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.1610.2810.40
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Virtus Newfleet. Your research has to be compared to or analyzed against Virtus Newfleet's peers to derive any actionable benefits. When done correctly, Virtus Newfleet's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Virtus Newfleet Tax-.

Virtus Newfleet Tax- Backtested Returns

Virtus Newfleet Tax- owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.6, which indicates the fund had -0.6% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Virtus Newfleet Tax-Exempt exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Virtus Newfleet coefficient of variation of (181.69), and Risk Adjusted Performance of (0.81) to confirm the risk estimate we provide.
The entity has a beta of -0.0294, which indicates not very significant fluctuations relative to the market. Let's try to break down what Virtus's beta means in this case. As returns on the market increase, returns on owning Virtus Newfleet are expected to decrease at a much lower rate. During the bear market, Virtus Newfleet is likely to outperform the market. Even though it is essential to pay attention to Virtus Newfleet Tax- current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Virtus Newfleet Tax-Exempt exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.62  

Good predictability

Virtus Newfleet Tax-Exempt has good predictability. Overlapping area represents the amount of predictability between Virtus Newfleet time series from 23rd of April 2022 to 8th of May 2022 and 8th of May 2022 to 23rd of May 2022. 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 Newfleet Tax- price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Virtus Newfleet price fluctuation can be explain by its past prices.
Correlation Coefficient0.62
Spearman Rank Test0.78
Residual Average0.0
Price Variance0.0

Virtus Newfleet Tax- lagged returns against current returns

Autocorrelation, which is Virtus Newfleet mutual fund'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 Newfleet's mutual fund expected returns. We can calculate the autocorrelation of Virtus Newfleet returns to help us make a trade decision. For example, suppose you find that Virtus Newfleet mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Virtus Newfleet 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 Newfleet mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Newfleet mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Newfleet mutual fund over time.
 Current vs Lagged Prices 
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      Timeline 

Virtus Newfleet Lagged Returns

When evaluating Virtus Newfleet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Newfleet mutual fund have on its future price. Virtus Newfleet 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 Newfleet autocorrelation shows the relationship between Virtus Newfleet mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Newfleet Tax-Exempt.
 Regressed Prices 
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      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Virtus Newfleet without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Portfolio Volatility

Check portfolio volatility and analyze historical return density to properly model market risk
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Currently Active Assets on Macroaxis

Please check Virtus Newfleet Hype Analysis, Virtus Newfleet Correlation, Portfolio Optimization, Virtus Newfleet Volatility, as well as analyze Virtus Newfleet Alpha and Beta and Virtus Newfleet Performance. 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Virtus Mutual Fund analysis

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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Virtus Newfleet 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, stock market cycles, or different charting patterns.
A focus of Virtus Newfleet technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Virtus Newfleet 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...