Virtus Etf Trust Etf Price To Earning
| SDCP Etf | 25.77 0.02 0.08% |
Virtus ETF Trust fundamentals help investors to digest information that contributes to Virtus ETF's financial success or failures. It also enables traders to predict the movement of Virtus Etf. The fundamental analysis module provides a way to measure Virtus ETF's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Virtus ETF etf.
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Virtus ETF Trust ETF Price To Earning Analysis
Virtus ETF's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, Virtus ETF Trust has a Price To Earning of 0.0 times. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Short-Term Bond (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Virtus Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Virtus ETF's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Virtus ETF could also be used in its relative valuation, which is a method of valuing Virtus ETF by comparing valuation metrics of similar companies.Virtus ETF is currently under evaluation in price to earning as compared to similar ETFs.
About Virtus ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Virtus ETF Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Virtus ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Virtus ETF Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Virtus ETF
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 ETF 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 ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Virtus Etf
| 0.71 | IGSB | iShares 1 5 | PairCorr |
| 0.94 | SPSB | SPDR Barclays Short Sell-off Trend | PairCorr |
| 0.62 | ISTB | iShares Core 1 | PairCorr |
| 0.87 | SLQD | iShares 0 5 | PairCorr |
Moving against Virtus Etf
| 0.45 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to Virtus ETF 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 ETF 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 ETF - 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 ETF Trust to buy it.
The correlation of Virtus ETF 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 ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Virtus ETF Trust 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 ETF 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.Check out Virtus ETF Piotroski F Score and Virtus ETF Altman Z Score analysis. To learn how to invest in Virtus Etf, please use our How to Invest in Virtus ETF guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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.