Virtus Newfleet is selling for under 24.15 as of the 21st of November 2024; that is 0.49 percent decrease since the beginning of the trading day. The etf's lowest day price was 24.14. Virtus Newfleet has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Virtus Newfleet ABSMBS are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2022 and ending today, the 21st of November 2024. Click here to learn more.
The funds sub-adviser, seeks to achieve its investment objective by investing in asset-backed securities and mortgage-backed securities , including commercial MBS and residential MBS. Virtus Newfleet is traded on NYSEARCA Exchange in the United States. More on Virtus Newfleet ABSMBS
David L. Albrycht, Andrew Szabo, Nick Rinaldi, and Zachary Szyndlar
Transfer Agent
The Bank of New York Mellon Corporation
Fiscal Year End
31-Jul
Exchange
NYSE Arca, Inc.
Number of Constituents
89.0
Market Maker
Jane Street
Total Expense
0.49
Management Fee
0.49
Country Name
USA
Returns Y T D
6.85
Name
Virtus Newfleet ABSMBS ETF
Currency Code
USD
Open Figi
BBG00Z6QCLF2
In Threey Volatility
2.57
1y Volatility
1.7
200 Day M A
24.0985
50 Day M A
24.3037
Code
VABS
Updated At
21st of November 2024
Currency Name
US Dollar
In Threey Sharp Ratio
(0.53)
Type
ETF
Virtus Newfleet ABSMBS [VABS] is traded in USA and was established 2021-02-09. The fund is listed under Short-Term Bond category and is part of Virtus family. The entity is thematically classified as Broad Debt ETFs. Virtus Newfleet ABSMBS at this time have 12.68 M in net assets. , while the total return for the last 3 years was 2.8%.
Check Virtus Newfleet Probability Of Bankruptcy
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Virtus Newfleet. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
When determining whether Virtus Newfleet ABSMBS is a strong investment it is important to analyze Virtus Newfleet's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Virtus Newfleet's future performance. For an informed investment choice regarding Virtus Etf, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virtus Newfleet ABSMBS. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of Virtus Newfleet ABSMBS is measured differently than its book value, which is the value of Virtus that is recorded on the company's balance sheet. Investors also form their own opinion of Virtus Newfleet's value that differs from its market value or its book value, called intrinsic value, which is Virtus Newfleet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Virtus Newfleet's market value can be influenced by many factors that don't directly affect Virtus Newfleet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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 if Virtus Newfleet is a good investment 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.