Virtus ETF Financial Statements From 2010 to 2024
| JOET Etf | USD 39.44 0.01 0.03% |
Check Virtus ETF financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Virtus ETF's main balance sheet or income statement drivers, such as , as well as many indicators such as . Virtus financial statements analysis is a perfect complement when working with Virtus ETF Valuation or Volatility modules.
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Virtus ETF Trust ETF Beta Analysis
Virtus ETF's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Virtus ETF Beta | 1.0 |
Most of Virtus ETF's fundamental indicators, such as Beta, 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 ETF Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Virtus ETF Trust has a Beta of 1.0. This is much higher than that of the Virtus family and significantly higher than that of the Large Growth category. The beta for all United States etfs is notably lower than that of the firm.
About Virtus ETF Financial Statements
Virtus ETF shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Virtus ETF investors may analyze each financial statement separately, they are all interrelated. The changes in Virtus ETF's assets and liabilities, for example, are also reflected in the revenues and expenses on on Virtus ETF's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Under normal market conditions, the fund will invest not less than 80 percent of its assets in component securities of the index. Virtus Terranova is traded on NASDAQ Exchange in the United States.
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Check out the analysis of Virtus ETF Correlation against competitors. For more information on how to buy Virtus Etf please use our How to Invest in Virtus ETF guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
The market value of Virtus ETF Trust 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is Virtus ETF'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 ETF's market value can be influenced by many factors that don't directly affect Virtus ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus ETF'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.