Virtus High Yield Fund Market Value
| PGHCX Fund | USD 3.81 0.01 0.26% |
| Symbol | Virtus |
Virtus High '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 High'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 High.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Virtus High on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Virtus High Yield or generate 0.0% return on investment in Virtus High over 720 days. Virtus High is related to or competes with Biotechnology Ultrasector, Technology Ultrasector, Mfs Technology, Pgim Jennison, Vanguard Information, Hennessy Technology, and Red Oak. The fund normally invests at least 80 percent of its assets in high yield fixed income securities More
Virtus High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2794 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 0.8029 | |||
| Value At Risk | (0.26) | |||
| Potential Upside | 0.5277 |
Virtus High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus High's standard deviation. In reality, there are many statistical measures that can use Virtus High historical prices to predict the future Virtus High's volatility.| Risk Adjusted Performance | 0.1044 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 0.35 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Virtus High Yield Backtested Returns
At this stage we consider Virtus Mutual Fund to be very steady. Virtus High Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus High Yield, which you can use to evaluate the volatility of the fund. Please validate Virtus High's Downside Deviation of 0.2794, standard deviation of 0.193, and Risk Adjusted Performance of 0.1044 to confirm if the risk estimate we provide is consistent with the expected return of 0.0339%. The entity has a beta of 0.0682, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Virtus High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus High is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Virtus High Yield has good predictability. Overlapping area represents the amount of predictability between Virtus High 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 High Yield price movement. The serial correlation of 0.73 indicates that around 73.0% of current Virtus High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Virtus High Yield lagged returns against current returns
Autocorrelation, which is Virtus High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Virtus High returns to help us make a trade decision. For example, suppose you find that Virtus High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus High Lagged Returns
When evaluating Virtus High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus High mutual fund have on its future price. Virtus High 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 High autocorrelation shows the relationship between Virtus High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus High Yield.
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 High 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 High security.
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