Virtus International Small Cap Fund Market Value
| VCISX Fund | USD 18.30 0.10 0.55% |
| Symbol | Virtus |
Virtus International '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 International'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 International.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Virtus International on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus International Small Cap or generate 0.0% return on investment in Virtus International over 30 days. Virtus International is related to or competes with Virtus Multi, Virtus Multi-sector, Ridgeworth Seix, Ridgeworth Innovative, Ridgeworth Seix, Ridgeworth Seix, and Ridgeworth Seix. Under normal circumstances, the fund invests at least 80 percent of its assets in equity securities of non-U.S More
Virtus International 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 International'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 International Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.43 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 0.9677 |
Virtus International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus International's standard deviation. In reality, there are many statistical measures that can use Virtus International historical prices to predict the future Virtus International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus International'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 International Backtested Returns
Virtus International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0992, which indicates the fund had a -0.0992% return per unit of risk over the last 3 months. Virtus International Small Cap exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus International's Variance of 0.5043, coefficient of variation of (1,933), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus International is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
Virtus International Small Cap has good predictability. Overlapping area represents the amount of predictability between Virtus International time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 International price movement. The serial correlation of 0.67 indicates that around 67.0% of current Virtus International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Virtus International lagged returns against current returns
Autocorrelation, which is Virtus International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Virtus International returns to help us make a trade decision. For example, suppose you find that Virtus International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus International Lagged Returns
When evaluating Virtus International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus International mutual fund have on its future price. Virtus International 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 International autocorrelation shows the relationship between Virtus International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus International Small Cap.
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 International 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 International security.
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| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |