Virtus Tax Exempt Bond Fund Market Value
| PXCZX Fund | USD 10.31 0.02 0.19% |
| Symbol | Virtus |
Virtus Tax '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 Tax'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 Tax.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Virtus Tax on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Tax Exempt Bond or generate 0.0% return on investment in Virtus Tax over 30 days. Virtus Tax is related to or competes with Legg Mason, T Rowe, Qs Us, T Rowe, Morningstar Unconstrained, Old Westbury, and Principal Lifetime. The fund seeks to generate current income exempt from federal income taxes by investing in a diversified portfolio with ... More
Virtus Tax 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 Tax'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 Tax Exempt Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.306 | |||
| Information Ratio | (0.65) | |||
| Maximum Drawdown | 1.08 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.1963 |
Virtus Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Tax's standard deviation. In reality, there are many statistical measures that can use Virtus Tax historical prices to predict the future Virtus Tax's volatility.| Risk Adjusted Performance | (0.0004) | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.39) | |||
| Treynor Ratio | 0.0352 |
Virtus Tax Exempt Backtested Returns
At this stage we consider Virtus Mutual Fund to be very steady. Virtus Tax Exempt owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0262, which indicates the fund had a 0.0262% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus Tax Exempt Bond, which you can use to evaluate the volatility of the fund. Please validate Virtus Tax's Coefficient Of Variation of 2409.68, risk adjusted performance of (0.0004), and Semi Deviation of 0.1533 to confirm if the risk estimate we provide is consistent with the expected return of 0.0048%. The entity has a beta of -0.0703, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Virtus Tax are expected to decrease at a much lower rate. During the bear market, Virtus Tax is likely to outperform the market.
Auto-correlation | 0.60 |
Good predictability
Virtus Tax Exempt Bond has good predictability. Overlapping area represents the amount of predictability between Virtus Tax time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Tax Exempt price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Virtus Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Virtus Tax Exempt lagged returns against current returns
Autocorrelation, which is Virtus Tax 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 Tax's mutual fund expected returns. We can calculate the autocorrelation of Virtus Tax returns to help us make a trade decision. For example, suppose you find that Virtus Tax 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 Tax 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 Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Tax 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 Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Tax Lagged Returns
When evaluating Virtus Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Tax mutual fund have on its future price. Virtus Tax 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 Tax autocorrelation shows the relationship between Virtus Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Tax Exempt Bond.
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 Tax 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 Tax security.
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