Virtus Tax Exempt Bond Fund Manager Performance Evaluation
| PXCZX Fund | USD 10.21 0.02 0.20% |
The entity has a beta of 0.0613, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Virtus Tax-exempt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Tax-exempt is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Virtus Tax Exempt Bond has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Virtus Tax-exempt is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 27th of January 2023 | |
| Expense Ratio | 1.5800 |
Virtus |
Virtus Tax-exempt Relative Risk vs. Return Landscape
If you would invest 1,023 in Virtus Tax Exempt Bond on January 25, 2024 and sell it today you would lose (2.00) from holding Virtus Tax Exempt Bond or give up 0.2% of portfolio value over 90 days. Virtus Tax Exempt Bond is currently producing negative expected returns and takes up 0.1419% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Virtus, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Virtus Tax-exempt Current Valuation
Fairly Valued
Today
Please note that Virtus Tax-exempt's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Virtus Tax Exempt has a current Real Value of $10.23 per share. The regular price of the fund is $10.21. We determine the value of Virtus Tax Exempt from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Our valuation method for Virtus Tax Exempt Bond is useful when determining the fair value of the Virtus mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Virtus Tax-exempt. Since Virtus Tax-exempt is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Virtus Mutual Fund. However, Virtus Tax-exempt's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 10.21 | Real 10.23 | Hype 10.21 |
The real value of Virtus Mutual Fund, also known as its intrinsic value, is the underlying worth of Virtus Tax Exempt Mutual Fund, which is reflected in its stock price. It is based on Virtus Tax-exempt's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Virtus Tax-exempt's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Virtus Tax-exempt's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Virtus Tax Exempt Bond helps investors to forecast how Virtus mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Virtus Tax-exempt more accurately as focusing exclusively on Virtus Tax-exempt's fundamentals will not take into account other important factors: Virtus Tax-exempt Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Tax-exempt's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Virtus Tax Exempt Bond, and traders can use it to determine the average amount a Virtus Tax-exempt's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0215
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PXCZX |
Estimated Market Risk
| 0.14 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Virtus Tax-exempt 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-exempt by adding Virtus Tax-exempt to a well-diversified portfolio.
Virtus Tax-exempt Fundamentals Growth
Virtus Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Virtus Tax-exempt, and Virtus Tax-exempt fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Virtus Mutual Fund performance.
| Total Asset | 1.55 M | ||||
About Virtus Tax-exempt Performance
To evaluate Virtus Tax Exempt Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Virtus Tax-exempt generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Virtus Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Virtus Tax Exempt market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Virtus's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.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.Things to note about Virtus Tax Exempt performance evaluation
Checking the ongoing alerts about Virtus Tax-exempt for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Virtus Tax Exempt help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Virtus Tax Exempt generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% | |
| Virtus Tax Exempt maintains about 96.75% of its assets in bonds |
- Analyzing Virtus Tax-exempt's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Virtus Tax-exempt's stock is overvalued or undervalued compared to its peers.
- Examining Virtus Tax-exempt's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Virtus Tax-exempt's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Virtus Tax-exempt's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Virtus Tax-exempt's mutual fund. These opinions can provide insight into Virtus Tax-exempt's potential for growth and whether the stock is currently undervalued or overvalued.
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-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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.