Virtus Multi Strategy Target Fund Market Value
| VMSAX Fund | USD 18.02 0.02 0.11% |
| Symbol | Virtus |
Virtus Multi-strategy '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-strategy'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-strategy.
| 01/28/2023 |
| 01/17/2025 |
If you would invest 0.00 in Virtus Multi-strategy on January 28, 2023 and sell it all today you would earn a total of 0.00 from holding Virtus Multi Strategy Target or generate 0.0% return on investment in Virtus Multi-strategy over 720 days. Virtus Multi-strategy is related to or competes with Short Real, Jhancock Real, Simt Real, Tiaa-cref Real, Nexpoint Real, Vanguard Reit, and Vy Clarion. The fund invests in a variety of fixed income securities that are high-quality, medium-quality, and lower quality bonds ... More
Virtus Multi-strategy 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-strategy'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 Strategy Target upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2023 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 1.0 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.2779 |
Virtus Multi-strategy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Multi-strategy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Multi-strategy's standard deviation. In reality, there are many statistical measures that can use Virtus Multi-strategy historical prices to predict the future Virtus Multi-strategy's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.25) |
Virtus Multi Strategy Backtested Returns
At this stage we consider Virtus Mutual Fund to be very steady. Virtus Multi Strategy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0235, which indicates the fund had a 0.0235% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus Multi Strategy Target, which you can use to evaluate the volatility of the fund. Please validate Virtus Multi-strategy's Risk Adjusted Performance of (0.02), semi deviation of 0.1653, and Coefficient Of Variation of 7571.63 to confirm if the risk estimate we provide is consistent with the expected return of 0.0048%. The entity has a beta of 0.0291, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Virtus Multi-strategy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Multi-strategy is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Virtus Multi Strategy Target has modest predictability. Overlapping area represents the amount of predictability between Virtus Multi-strategy time series from 28th of January 2023 to 23rd of January 2024 and 23rd of January 2024 to 17th of January 2025. 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 Strategy price movement. The serial correlation of 0.52 indicates that about 52.0% of current Virtus Multi-strategy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Virtus Multi Strategy lagged returns against current returns
Autocorrelation, which is Virtus Multi-strategy 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-strategy's mutual fund expected returns. We can calculate the autocorrelation of Virtus Multi-strategy returns to help us make a trade decision. For example, suppose you find that Virtus Multi-strategy 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-strategy 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-strategy mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Multi-strategy 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-strategy mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Multi-strategy Lagged Returns
When evaluating Virtus Multi-strategy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Multi-strategy mutual fund have on its future price. Virtus Multi-strategy 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-strategy autocorrelation shows the relationship between Virtus Multi-strategy mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Multi Strategy Target.
Regressed Prices |
| Timeline |
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Other Information on Investing in Virtus Mutual Fund
Virtus Multi-strategy 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-strategy security.
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