Virtus Global Dividend Fund Market Value
| ZTR Fund | USD 5.83 0.02 0.34% |
| Symbol | Virtus |
Virtus Global '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 Global's 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 Global.
| 01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in Virtus Global on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Virtus Global Dividend or generate 0.0% return on investment in Virtus Global over 30 days. Virtus Global is related to or competes with Blackrock Debt, Western Asset, Pimco Income, Calamos Convertible, and Eaton Vance. Virtus Global Dividend Income Fund Inc. is a closed-ended balanced mutual fund launched by Virtus Investment Partners, I... More
Virtus Global 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 Global's 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 Global Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9869 | |||
| Information Ratio | 0.0264 | |||
| Maximum Drawdown | 4.31 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.01 |
Virtus Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Global's standard deviation. In reality, there are many statistical measures that can use Virtus Global historical prices to predict the future Virtus Global's volatility.| Risk Adjusted Performance | 0.0251 | |||
| Jensen Alpha | 0.0195 | |||
| Total Risk Alpha | 0.0223 | |||
| Sortino Ratio | 0.022 | |||
| Treynor Ratio | 0.0319 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Global'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 Global Dividend Backtested Returns
Virtus Global Dividend owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0684, which indicates the fund had a -0.0684 % return per unit of risk over the last 3 months. Virtus Global Dividend exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus Global's Coefficient Of Variation of 3056.23, risk adjusted performance of 0.0251, and Semi Deviation of 0.8479 to confirm the risk estimate we provide. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Global is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
Virtus Global Dividend has below average predictability. Overlapping area represents the amount of predictability between Virtus Global time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 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 Global Dividend price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Virtus Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Virtus Global Dividend lagged returns against current returns
Autocorrelation, which is Virtus Global 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 Global's fund expected returns. We can calculate the autocorrelation of Virtus Global returns to help us make a trade decision. For example, suppose you find that Virtus Global has exhibited high autocorrelation historically, and you observe that the 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 Global 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 Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Global fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Global Lagged Returns
When evaluating Virtus Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Global fund have on its future price. Virtus Global 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 Global autocorrelation shows the relationship between Virtus Global fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Global Dividend.
Regressed Prices |
| Timeline |
Pair Trading with Virtus Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Virtus Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Virtus Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Virtus Fund
Moving against Virtus Fund
The ability to find closely correlated positions to Virtus Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Virtus Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Virtus Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Virtus Global Dividend to buy it.
The correlation of Virtus Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Virtus Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Virtus Global Dividend moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Virtus Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Virtus Fund
Virtus Global financial ratios help investors to determine whether Virtus 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 Global security.
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |