Virtus Multi Sector Short Fund Market Value
| PIMSX Fund | USD 4.53 0.01 0.22% |
| Symbol | Virtus |
Virtus Multi-sector '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 Multi-sector'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 Multi-sector.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Virtus Multi-sector on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Multi Sector Short or generate 0.0% return on investment in Virtus Multi-sector over 300 days. Virtus Multi-sector is related to or competes with Artisan Small, Qs Us, Eip Growth, Ab Small, T Rowe, Gmo Small, and Chase Growth. The fund seeks current income with an emphasis on maintaining low volatility and overall short duration by investing pri... More
Virtus Multi-sector 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 Multi-sector'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 Multi Sector Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2305 | |||
| Information Ratio | (0.73) | |||
| Maximum Drawdown | 0.6667 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.2217 |
Virtus Multi-sector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Multi-sector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Multi-sector's standard deviation. In reality, there are many statistical measures that can use Virtus Multi-sector historical prices to predict the future Virtus Multi-sector's volatility.| Risk Adjusted Performance | 0.0271 | |||
| Jensen Alpha | 0.0046 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.51) | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Multi-sector'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 Multi Sector Backtested Returns
At this stage we consider Virtus Mutual Fund to be very steady. Virtus Multi Sector owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.087, which indicates the fund had a 0.087% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus Multi Sector Short, which you can use to evaluate the volatility of the fund. Please validate Virtus Multi-sector's Standard Deviation of 0.1594, downside deviation of 0.2305, and Risk Adjusted Performance of 0.0271 to confirm if the risk estimate we provide is consistent with the expected return of 0.0142%. The entity has a beta of -0.0086, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Virtus Multi-sector are expected to decrease at a much lower rate. During the bear market, Virtus Multi-sector is likely to outperform the market.
Auto-correlation | 0.71 |
Good predictability
Virtus Multi Sector Short has good predictability. Overlapping area represents the amount of predictability between Virtus Multi-sector time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Multi Sector price movement. The serial correlation of 0.71 indicates that around 71.0% of current Virtus Multi-sector price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Virtus Multi Sector lagged returns against current returns
Autocorrelation, which is Virtus Multi-sector 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 Multi-sector's mutual fund expected returns. We can calculate the autocorrelation of Virtus Multi-sector returns to help us make a trade decision. For example, suppose you find that Virtus Multi-sector 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 Multi-sector 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 Multi-sector mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Multi-sector 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 Multi-sector mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Multi-sector Lagged Returns
When evaluating Virtus Multi-sector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Multi-sector mutual fund have on its future price. Virtus Multi-sector 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 Multi-sector autocorrelation shows the relationship between Virtus Multi-sector mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Multi Sector Short.
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 Multi-sector 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 Multi-sector security.
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