Virtus Senior Floating Fund Market Value
| PFSRX Fund | USD 8.74 0.01 0.11% |
| Symbol | Virtus |
Virtus Senior '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 Senior'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 Senior.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Virtus Senior on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Senior Floating or generate 0.0% return on investment in Virtus Senior over 30 days. Virtus Senior is related to or competes with Ashmore Emerging, and Usaa Mutual. The fund offers the potential for attractive total return and income by investing primarily in non-investment grade bank... More
Virtus Senior 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 Senior'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 Senior Floating upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.72) | |||
| Maximum Drawdown | 0.816 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.1168 |
Virtus Senior Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Senior's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Senior's standard deviation. In reality, there are many statistical measures that can use Virtus Senior historical prices to predict the future Virtus Senior's volatility.| Risk Adjusted Performance | 0.1308 | |||
| Jensen Alpha | 0.0205 | |||
| Total Risk Alpha | (0.00000042) | |||
| Treynor Ratio | 2.28 |
Virtus Senior Floating Backtested Returns
At this stage we consider Virtus Mutual Fund to be very steady. Virtus Senior Floating owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Virtus Senior Floating, which you can use to evaluate the volatility of the fund. Please validate Virtus Senior's Coefficient Of Variation of 434.22, risk adjusted performance of 0.1308, and Variance of 0.0189 to confirm if the risk estimate we provide is consistent with the expected return of 0.0331%. The entity has a beta of 0.0095, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Virtus Senior's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Senior is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
Virtus Senior Floating has good predictability. Overlapping area represents the amount of predictability between Virtus Senior time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Senior Floating price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Virtus Senior price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Virtus Senior Floating lagged returns against current returns
Autocorrelation, which is Virtus Senior 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 Senior's mutual fund expected returns. We can calculate the autocorrelation of Virtus Senior returns to help us make a trade decision. For example, suppose you find that Virtus Senior 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 Senior 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 Senior mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Senior 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 Senior mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Senior Lagged Returns
When evaluating Virtus Senior's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Senior mutual fund have on its future price. Virtus Senior 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 Senior autocorrelation shows the relationship between Virtus Senior mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Senior Floating.
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 Senior 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 Senior security.
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