Virtus Tax Net Asset vs. Ten Year Return

PXCZX Fund  USD 10.30  0.01  0.1%   
Based on the key profitability measurements obtained from Virtus Tax's financial statements, Virtus Tax Exempt Bond may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in April. Profitability indicators assess Virtus Tax's ability to earn profits and add value for shareholders.
For Virtus Tax profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Virtus Tax to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Virtus Tax Exempt Bond utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Virtus Tax's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Virtus Tax Exempt Bond over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Virtus Tax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Tax 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'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 Tax-exempt Bond Ten Year Return vs. Net Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Virtus Tax's current stock value. Our valuation model uses many indicators to compare Virtus Tax value to that of its competitors to determine the firm's financial worth.
Virtus Tax Exempt Bond is rated below average in net asset among similar funds. It is rated below average in ten year return among similar funds . The ratio of Net Asset to Ten Year Return for Virtus Tax Exempt Bond is about  26,286,245 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Virtus Tax by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Virtus Tax'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's earnings, one of the primary drivers of an investment's value.

Virtus Ten Year Return vs. Net Asset

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.

Virtus Tax

Net Asset

 = 

Current Market Value

-

Current Liabilities

 = 
70.71 M
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.
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.

Virtus Tax

Ten Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
2.69 %
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.

Virtus Ten Year Return Comparison

Virtus Tax is currently under evaluation in ten year return among similar funds.

Virtus Tax Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Virtus Tax, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Virtus Tax will eventually generate negative long term returns. The profitability progress is the general direction of Virtus Tax's change in net profit over the period of time. It can combine multiple indicators of Virtus Tax, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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.

Virtus Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Virtus Tax. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Virtus Tax position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Virtus Tax's important profitability drivers and their relationship over time.

Use Virtus Tax in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Virtus Tax position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Virtus Tax will appreciate offsetting losses from the drop in the long position's value.

Virtus Tax Pair Trading

Virtus Tax Exempt Bond Pair Trading Analysis

The ability to find closely correlated positions to Virtus Tax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Virtus Tax when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Virtus Tax - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Virtus Tax Exempt Bond to buy it.
The correlation of Virtus Tax is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Virtus Tax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Virtus Tax-exempt Bond moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Virtus Tax can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Virtus Tax position

In addition to having Virtus Tax in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Russia On Wall Street Thematic Idea Now

Russia On Wall Street
Russia On Wall Street Theme
Cross-sector and cross-instrument bundle of publicly traded Russian entities that are expected to be listed on USA exchanges or over the counter. The Russia On Wall Street theme has 21 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Russia On Wall Street Theme or any other thematic opportunities.
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Note that the Virtus Tax-exempt Bond 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Virtus Mutual Fund analysis

When running Virtus Tax's price analysis, check to measure Virtus Tax'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 is operating at the current time. Most of Virtus Tax's value examination focuses on studying past and present price action to predict the probability of Virtus Tax'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's price. Additionally, you may evaluate how the addition of Virtus Tax to your portfolios can decrease your overall portfolio volatility.
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To fully project Virtus Tax's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Virtus Tax-exempt Bond at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Virtus Tax's income statement, its balance sheet, and the statement of cash flows.
Potential Virtus Tax investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Virtus Tax investors may work on each financial statement separately, they are all related. The changes in Virtus Tax's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Virtus Tax's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.