Virtus Newfleet Beta vs. Three Year Return
| VABS Etf | USD 24.24 0.05 0.21% |
For Virtus Newfleet profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Virtus Newfleet to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Virtus Newfleet ABSMBS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Virtus Newfleet's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Virtus Newfleet ABSMBS over time as well as its relative position and ranking within its peers.
Virtus |
The market value of Virtus Newfleet ABSMBS 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 Newfleet's value that differs from its market value or its book value, called intrinsic value, which is Virtus Newfleet'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 Newfleet's market value can be influenced by many factors that don't directly affect Virtus Newfleet'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 Newfleet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Newfleet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Newfleet'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 Newfleet ABSMBS Three Year Return vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Virtus Newfleet's current stock value. Our valuation model uses many indicators to compare Virtus Newfleet value to that of its competitors to determine the firm's financial worth. Virtus Newfleet ABSMBS is rated first in beta as compared to similar ETFs. It is rated first in three year return as compared to similar ETFs reporting about 12.08 of Three Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Virtus Newfleet by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Virtus Three Year Return vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Virtus Newfleet |
| = | 0.24 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Virtus Newfleet |
| = | 2.90 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Virtus Three Year Return Comparison
Virtus Newfleet is currently under evaluation in three year return as compared to similar ETFs.
Beta Analysis
As returns on the market increase, Virtus Newfleet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Newfleet is expected to be smaller as well.
Virtus Newfleet Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Virtus Newfleet, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Virtus Newfleet will eventually generate negative long term returns. The profitability progress is the general direction of Virtus Newfleet's change in net profit over the period of time. It can combine multiple indicators of Virtus Newfleet, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The funds sub-adviser, seeks to achieve its investment objective by investing in asset-backed securities and mortgage-backed securities , including commercial MBS and residential MBS. Virtus Newfleet is traded on NYSEARCA Exchange in the United States.
Virtus Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Virtus Newfleet. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Virtus Newfleet position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Virtus Newfleet's important profitability drivers and their relationship over time.
Use Virtus Newfleet in pair-trading
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 Newfleet 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 Newfleet will appreciate offsetting losses from the drop in the long position's value.Virtus Newfleet Pair Trading
Virtus Newfleet ABSMBS Pair Trading Analysis
The ability to find closely correlated positions to Virtus Newfleet 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 Newfleet 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 Newfleet - 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 Newfleet ABSMBS to buy it.
The correlation of Virtus Newfleet 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 Newfleet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Virtus Newfleet ABSMBS 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 Newfleet 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.Use Investing Themes to Complement your Virtus Newfleet position
In addition to having Virtus Newfleet in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Funds or Etfs that invest in companies involved in research, development, testing, or distribution of technologically based goods and services. The Tech Funds theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Tech Funds Theme or any other thematic opportunities.
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To fully project Virtus Newfleet's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Virtus Newfleet ABSMBS at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Virtus Newfleet's income statement, its balance sheet, and the statement of cash flows.