Virtus Wmc International Etf Market Value
| VWID Etf | USD 27.29 0.05 0.18% |
| Symbol | Virtus |
The market value of Virtus WMC International 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 WMC's value that differs from its market value or its book value, called intrinsic value, which is Virtus WMC's 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 WMC's market value can be influenced by many factors that don't directly affect Virtus WMC's 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 WMC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus WMC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus WMC's 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 WMC '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 WMC's 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 WMC.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Virtus WMC on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Virtus WMC International or generate 0.0% return on investment in Virtus WMC over 690 days. Virtus WMC is related to or competes with Dimensional Targeted, Dimensional Small, Dimensional Marketwide, Dimensional Core, and Avantis International. The fund is an actively managed exchange-traded fund that seeks to achieve its objective by investing in equity securiti... More
Virtus WMC 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 WMC's 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 WMC International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 2.94 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 0.9421 |
Virtus WMC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus WMC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus WMC's standard deviation. In reality, there are many statistical measures that can use Virtus WMC historical prices to predict the future Virtus WMC's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.25) |
Virtus WMC International Backtested Returns
Virtus WMC International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0826, which indicates the etf had a -0.0826% return per unit of risk over the last 3 months. Virtus WMC International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus WMC's Risk Adjusted Performance of (0.07), variance of 0.458, and Coefficient Of Variation of (1,197) to confirm the risk estimate we provide. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Virtus WMC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus WMC is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
Virtus WMC International has poor predictability. Overlapping area represents the amount of predictability between Virtus WMC time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 WMC International price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Virtus WMC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
Virtus WMC International lagged returns against current returns
Autocorrelation, which is Virtus WMC 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 WMC's etf expected returns. We can calculate the autocorrelation of Virtus WMC returns to help us make a trade decision. For example, suppose you find that Virtus WMC 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 WMC 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 WMC etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus WMC etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus WMC etf over time.
Current vs Lagged Prices |
| Timeline |
Virtus WMC Lagged Returns
When evaluating Virtus WMC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus WMC etf have on its future price. Virtus WMC 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 WMC autocorrelation shows the relationship between Virtus WMC etf current value and its past values and can show if there is a momentum factor associated with investing in Virtus WMC International.
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.When determining whether Virtus WMC International is a strong investment it is important to analyze Virtus WMC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Virtus WMC's future performance. For an informed investment choice regarding Virtus Etf, refer to the following important reports:Check out Virtus WMC Correlation, Virtus WMC Volatility and Virtus WMC Alpha and Beta module to complement your research on Virtus WMC. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Virtus WMC 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.