Virtus Westchester Credit Fund Market Value
| WCFRX Fund | USD 11.94 0.02 0.17% |
| Symbol | Virtus |
Virtus Westchester '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 Westchester'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 Westchester.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Virtus Westchester on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Westchester Credit or generate 0.0% return on investment in Virtus Westchester over 30 days. Virtus Westchester is related to or competes with Franklin Gold, Wells Fargo, Gold And, Short Precious, Oppenheimer Gold, and Sprott Gold. The fund will invest principally in fixed income investments and other investments related to specific events or catalysts that the Adviser expects will cause material credit events or similar situations, such as capital structure arbitrage, mergers and acquisitions, spin-offs, credit restructurings, IPOs of debt, re-financings, debt maturities, asset monetizations, and other restructurings. More
Virtus Westchester 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 Westchester'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 Westchester Credit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1156 | |||
| Information Ratio | (1.38) | |||
| Maximum Drawdown | 0.3383 | |||
| Value At Risk | (0.08) | |||
| Potential Upside | 0.1682 |
Virtus Westchester Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Westchester's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Westchester's standard deviation. In reality, there are many statistical measures that can use Virtus Westchester historical prices to predict the future Virtus Westchester's volatility.| Risk Adjusted Performance | 0.1973 | |||
| Jensen Alpha | 0.0159 | |||
| Total Risk Alpha | 0.0065 | |||
| Sortino Ratio | (0.89) | |||
| Treynor Ratio | 0.9435 |
Virtus Westchester Credit Backtested Returns
At this stage we consider Virtus Mutual Fund to be very steady. Virtus Westchester Credit owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.36, which indicates the fund had a 0.36% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus Westchester Credit, which you can use to evaluate the volatility of the fund. Please validate Virtus Westchester's Downside Deviation of 0.1156, risk adjusted performance of 0.1973, and Standard Deviation of 0.0746 to confirm if the risk estimate we provide is consistent with the expected return of 0.0268%. The entity has a beta of 0.0193, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Virtus Westchester's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Westchester is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
Virtus Westchester Credit has excellent predictability. Overlapping area represents the amount of predictability between Virtus Westchester time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 Westchester Credit price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Virtus Westchester price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Virtus Westchester Credit lagged returns against current returns
Autocorrelation, which is Virtus Westchester 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 Westchester's mutual fund expected returns. We can calculate the autocorrelation of Virtus Westchester returns to help us make a trade decision. For example, suppose you find that Virtus Westchester 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 Westchester 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 Westchester mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Westchester 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 Westchester mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Westchester Lagged Returns
When evaluating Virtus Westchester's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Westchester mutual fund have on its future price. Virtus Westchester 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 Westchester autocorrelation shows the relationship between Virtus Westchester mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Westchester Credit.
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 Westchester 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 Westchester security.
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