Virtus Low Duration Fund Market Value
| HIBIX Fund | USD 10.60 0.01 0.09% |
| Symbol | Virtus |
Virtus Low 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Virtus Low's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Virtus Low.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Virtus Low on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Virtus Low Duration or generate 0.0% return on investment in Virtus Low over 720 days. Virtus Low is related to or competes with John Hancock, Lord Abbett, Franklin Adjustable, Inverse Government, and Us Government. The fund seeks current income with an emphasis on maintaining low volatility and overall short duration by investing pri... More
Virtus Low Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Virtus Low's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Virtus Low Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1352 | |||
| Information Ratio | (0.81) | |||
| Maximum Drawdown | 0.6622 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.1905 |
Virtus Low Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Low's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Low's standard deviation. In reality, there are many statistical measures that can use Virtus Low historical prices to predict the future Virtus Low's volatility.| Risk Adjusted Performance | 0.0291 | |||
| Jensen Alpha | 0.004 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.71) | |||
| Treynor Ratio | (0.31) |
Virtus Low Duration Backtested Returns
At this stage we consider Virtus Mutual Fund to be very steady. Virtus Low Duration owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Virtus Low Duration, which you can use to evaluate the volatility of the fund. Please validate Virtus Low's Downside Deviation of 0.1352, risk adjusted performance of 0.0291, and Standard Deviation of 0.1194 to confirm if the risk estimate we provide is consistent with the expected return of 0.0119%. The entity has a beta of -0.0098, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Virtus Low are expected to decrease at a much lower rate. During the bear market, Virtus Low is likely to outperform the market.
Auto-correlation | 0.91 |
Excellent predictability
Virtus Low Duration has excellent predictability. Overlapping area represents the amount of predictability between Virtus Low time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Virtus Low Duration price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Virtus Low price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Virtus Low Duration lagged returns against current returns
Autocorrelation, which is Virtus Low mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Virtus Low's mutual fund expected returns. We can calculate the autocorrelation of Virtus Low returns to help us make a trade decision. For example, suppose you find that Virtus Low has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Virtus Low regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Virtus Low mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Low mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Low mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Low Lagged Returns
When evaluating Virtus Low's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Low mutual fund have on its future price. Virtus Low autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Virtus Low autocorrelation shows the relationship between Virtus Low mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Low Duration.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Virtus Mutual Fund
Virtus Low financial ratios help investors to determine whether Virtus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Virtus with respect to the benefits of owning Virtus Low security.
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