Virtus Newfleet Multi Sector Etf Market Value
| NFLT Etf | USD 22.64 0.05 0.22% |
| Symbol | Virtus |
The market value of Virtus Newfleet Multi 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.
Virtus Newfleet '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 Newfleet's etf 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 Newfleet.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Virtus Newfleet on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Virtus Newfleet Multi Sector or generate 0.0% return on investment in Virtus Newfleet over 720 days. Virtus Newfleet is related to or competes with Capital Group, Capital Group, Capital Group, Capital Group, and Capital Group. Under normal market conditions, the fund will invest not less than 80 percent of its net assets in bonds More
Virtus Newfleet 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 Newfleet's etf 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 Newfleet Multi Sector upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2595 | |||
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.2 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.311 |
Virtus Newfleet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Newfleet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Newfleet's standard deviation. In reality, there are many statistical measures that can use Virtus Newfleet historical prices to predict the future Virtus Newfleet's volatility.| Risk Adjusted Performance | 0.0175 | |||
| Jensen Alpha | (0.000049) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.46) | |||
| Treynor Ratio | 0.1183 |
Virtus Newfleet Multi Backtested Returns
Currently, Virtus Newfleet Multi Sector is very steady. Virtus Newfleet Multi owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.018, which indicates the etf had a 0.018% return per unit of risk over the last 3 months. We have found thirty technical indicators for Virtus Newfleet Multi Sector, which you can use to evaluate the volatility of the etf. Please validate Virtus Newfleet's Coefficient Of Variation of 1976.67, risk adjusted performance of 0.0175, and Semi Deviation of 0.2018 to confirm if the risk estimate we provide is consistent with the expected return of 0.0044%. The entity has a beta of 0.0202, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Virtus Newfleet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Newfleet is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
Virtus Newfleet Multi Sector has average predictability. Overlapping area represents the amount of predictability between Virtus Newfleet time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Newfleet Multi price movement. The serial correlation of 0.47 indicates that about 47.0% of current Virtus Newfleet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Virtus Newfleet Multi lagged returns against current returns
Autocorrelation, which is Virtus Newfleet etf'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 Newfleet's etf expected returns. We can calculate the autocorrelation of Virtus Newfleet returns to help us make a trade decision. For example, suppose you find that Virtus Newfleet has exhibited high autocorrelation historically, and you observe that the etf 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 Newfleet 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 Newfleet etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Newfleet etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Newfleet etf over time.
Current vs Lagged Prices |
| Timeline |
Virtus Newfleet Lagged Returns
When evaluating Virtus Newfleet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Newfleet etf have on its future price. Virtus Newfleet 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 Newfleet autocorrelation shows the relationship between Virtus Newfleet etf current value and its past values and can show if there is a momentum factor associated with investing in Virtus Newfleet Multi Sector.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Virtus Newfleet Correlation, Virtus Newfleet Volatility and Virtus Newfleet Alpha and Beta module to complement your research on Virtus Newfleet. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Virtus Newfleet technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.