Virtus Reaves Utilities Etf Market Value
| UTES Etf | USD 69.05 0.64 0.92% |
| Symbol | Virtus |
The market value of Virtus Reaves Utilities is measured differently than its book value, which is the value of Virtus that is recorded on the company's balance sheet. Investors also form their own opinion of Virtus Reaves' value that differs from its market value or its book value, called intrinsic value, which is Virtus Reaves' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Virtus Reaves' market value can be influenced by many factors that don't directly affect Virtus Reaves' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Virtus Reaves' value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Reaves is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Reaves' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Virtus Reaves '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 Reaves' etf 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 Reaves.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Virtus Reaves on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Virtus Reaves Utilities or generate 0.0% return on investment in Virtus Reaves over 720 days. Virtus Reaves is related to or competes with Invesco DWA, Invesco SP, First Trust, and IShares Global. The fund invests not less than 80 percent of its net assets in equity securities of companies in the Utility Sector More
Virtus Reaves 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 Reaves' etf 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 Reaves Utilities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.1336 | |||
| Maximum Drawdown | 8.01 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.66 |
Virtus Reaves Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Reaves' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Reaves' standard deviation. In reality, there are many statistical measures that can use Virtus Reaves historical prices to predict the future Virtus Reaves' volatility.| Risk Adjusted Performance | 0.1756 | |||
| Jensen Alpha | 0.2549 | |||
| Total Risk Alpha | 0.0858 | |||
| Sortino Ratio | 0.1481 | |||
| Treynor Ratio | 0.6178 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Reaves' 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 Reaves Utilities Backtested Returns
Virtus Reaves appears to be very steady, given 3 months investment horizon. Virtus Reaves Utilities owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the etf had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Virtus Reaves Utilities, which you can use to evaluate the volatility of the etf. Please review Virtus Reaves' Risk Adjusted Performance of 0.1756, coefficient of variation of 448.92, and Semi Deviation of 1.05 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Reaves' returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Reaves is expected to be smaller as well.
Auto-correlation | -0.64 |
Very good reverse predictability
Virtus Reaves Utilities has very good reverse predictability. Overlapping area represents the amount of predictability between Virtus Reaves time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Reaves Utilities price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Virtus Reaves price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 55.63 |
Virtus Reaves Utilities lagged returns against current returns
Autocorrelation, which is Virtus Reaves etf'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 Reaves' etf expected returns. We can calculate the autocorrelation of Virtus Reaves returns to help us make a trade decision. For example, suppose you find that Virtus Reaves has exhibited high autocorrelation historically, and you observe that the etf 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 Reaves 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 Reaves etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Reaves etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Reaves etf over time.
Current vs Lagged Prices |
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Virtus Reaves Lagged Returns
When evaluating Virtus Reaves' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Reaves etf have on its future price. Virtus Reaves 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 Reaves autocorrelation shows the relationship between Virtus Reaves etf current value and its past values and can show if there is a momentum factor associated with investing in Virtus Reaves Utilities.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Virtus Reaves Correlation, Virtus Reaves Volatility and Virtus Reaves Alpha and Beta module to complement your research on Virtus Reaves. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Virtus Reaves technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.