Virtus Kar Global Fund Market Value
| PIPTX Fund | USD 15.98 0.03 0.19% |
| Symbol | Virtus |
Virtus Kar '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 Kar'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 Kar.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Virtus Kar on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Virtus Kar Global or generate 0.0% return on investment in Virtus Kar over 720 days. Virtus Kar is related to or competes with Virtus Multi-strategy, Virtus Multi-sector, Ridgeworth Seix, Ridgeworth Innovative, Ridgeworth Seix, Ridgeworth Seix, and Ridgeworth Seix. The fund invests in a globally diversified portfolio of primarily high-quality, mature companies with high dividend yiel... More
Virtus Kar 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 Kar'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 Kar Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5033 | |||
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 1.93 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.8409 |
Virtus Kar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Kar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Kar's standard deviation. In reality, there are many statistical measures that can use Virtus Kar historical prices to predict the future Virtus Kar's volatility.| Risk Adjusted Performance | 0.0113 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | 0.0019 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Kar'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 Kar Global Backtested Returns
At this stage we consider Virtus Mutual Fund to be very steady. Virtus Kar Global owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.01, which indicates the fund had a 0.01% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus Kar Global, which you can use to evaluate the volatility of the fund. Please validate Virtus Kar's Coefficient Of Variation of 4868.06, risk adjusted performance of 0.0113, and Semi Deviation of 0.4701 to confirm if the risk estimate we provide is consistent with the expected return of 0.0053%. The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Kar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Kar is expected to be smaller as well.
Auto-correlation | -0.61 |
Very good reverse predictability
Virtus Kar Global has very good reverse predictability. Overlapping area represents the amount of predictability between Virtus Kar time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Kar Global price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Virtus Kar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Virtus Kar Global lagged returns against current returns
Autocorrelation, which is Virtus Kar 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 Kar's mutual fund expected returns. We can calculate the autocorrelation of Virtus Kar returns to help us make a trade decision. For example, suppose you find that Virtus Kar 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 Kar 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 Kar mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Kar 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 Kar mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Kar Lagged Returns
When evaluating Virtus Kar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Kar mutual fund have on its future price. Virtus Kar 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 Kar autocorrelation shows the relationship between Virtus Kar mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Kar Global.
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 Kar 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 Kar security.
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