Virtus Convertible Fund Manager Performance Evaluation
| VAADX Fund | USD 36.86 0.33 0.90% |
The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Convertible is expected to be smaller as well.
Risk-Adjusted Performance
21 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Virtus Convertible are ranked lower than 21 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak fundamental indicators, Virtus Convertible may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...moreVirtus |
Virtus Convertible Relative Risk vs. Return Landscape
If you would invest 3,334 in Virtus Convertible on August 27, 2024 and sell it today you would earn a total of 352.00 from holding Virtus Convertible or generate 10.56% return on investment over 90 days. Virtus Convertible is currently producing 0.1585% returns and takes up 0.5693% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than Virtus, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Virtus Convertible Current Valuation
Undervalued
Today
Please note that Virtus Convertible's price fluctuation is very steady at this time. At this time, the fund appears to be undervalued. Virtus Convertible has a current Real Value of $39.54 per share. The regular price of the fund is $36.86. We determine the value of Virtus Convertible from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Virtus Convertible is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Virtus Mutual Fund. However, Virtus Convertible's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 36.86 | Real 39.54 | Hype 36.86 | Naive 36.89 |
The intrinsic value of Virtus Convertible's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Virtus Convertible's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Virtus Convertible helps investors to forecast how Virtus mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Virtus Convertible more accurately as focusing exclusively on Virtus Convertible's fundamentals will not take into account other important factors: Virtus Convertible Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Convertible's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Virtus Convertible, and traders can use it to determine the average amount a Virtus Convertible's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2785
| Best Portfolio | Best Equity | |||
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| Average Returns | ||||
| Small Returns | VAADX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.57 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 21 79% of assets perform better |
Based on monthly moving average Virtus Convertible is performing at about 21% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Virtus Convertible by adding it to a well-diversified portfolio.
Virtus Convertible Fundamentals Growth
Virtus Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Virtus Convertible, and Virtus Convertible fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Virtus Mutual Fund performance.
| Total Asset | 1.76 B | ||||
About Virtus Convertible Performance
Evaluating Virtus Convertible's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Virtus Convertible has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Virtus Convertible has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in convertible securities. Convertible securities include, but are not limited to, corporate bonds, debentures, notes or preferred stocks and their hybrids that can be converted into equity securities or other securities that provide an opportunity for equity participation.Things to note about Virtus Convertible performance evaluation
Checking the ongoing alerts about Virtus Convertible for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Virtus Convertible help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund keeps most of the net assets in exotic instruments. |
- Analyzing Virtus Convertible's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Virtus Convertible's stock is overvalued or undervalued compared to its peers.
- Examining Virtus Convertible's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Virtus Convertible's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Virtus Convertible's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Virtus Convertible's mutual fund. These opinions can provide insight into Virtus Convertible's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Virtus Mutual Fund
Virtus Convertible 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 Convertible security.
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