Virtus Newfleet Absmbs Etf Technical Analysis
| VABS Etf | USD 24.17 0.02 0.08% |
As of the 24th of November, Virtus Newfleet has the Risk Adjusted Performance of 0.0847, downside deviation of 0.1084, and Standard Deviation of 0.0986. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Virtus Newfleet ABSMBS, as well as the relationship between them. Please validate Virtus Newfleet ABSMBS treynor ratio and semi variance to decide if Virtus Newfleet is priced more or less accurately, providing market reflects its prevalent price of 24.17 per share.
Virtus Newfleet Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Virtus, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to VirtusVirtus |
Virtus Newfleet 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.
Virtus Newfleet ABSMBS Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Virtus Newfleet ABSMBS volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Virtus Newfleet ABSMBS Trend Analysis
Use this graph to draw trend lines for Virtus Newfleet ABSMBS. You can use it to identify possible trend reversals for Virtus Newfleet as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Virtus Newfleet price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Virtus Newfleet Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Virtus Newfleet ABSMBS applied against its price change over selected period. The best fit line has a slop of 0 , which means Virtus Newfleet ABSMBS will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.06, which is the sum of squared deviations for the predicted Virtus Newfleet price change compared to its average price change.About Virtus Newfleet Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Virtus Newfleet ABSMBS on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Virtus Newfleet ABSMBS based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Virtus Newfleet ABSMBS price pattern first instead of the macroeconomic environment surrounding Virtus Newfleet ABSMBS. By analyzing Virtus Newfleet's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Virtus Newfleet's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Virtus Newfleet specific price patterns or momentum indicators. Please read more on our technical analysis page.
Virtus Newfleet November 24, 2024 Technical Indicators
Most technical analysis of Virtus help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Virtus from various momentum indicators to cycle indicators. When you analyze Virtus charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0847 | |||
| Market Risk Adjusted Performance | (0.44) | |||
| Mean Deviation | 0.0754 | |||
| Downside Deviation | 0.1084 | |||
| Coefficient Of Variation | 502.85 | |||
| Standard Deviation | 0.0986 | |||
| Variance | 0.0097 | |||
| Information Ratio | (1.13) | |||
| Jensen Alpha | 0.0122 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (1.03) | |||
| Treynor Ratio | (0.45) | |||
| Maximum Drawdown | 0.5408 | |||
| Value At Risk | (0.08) | |||
| Potential Upside | 0.1663 | |||
| Downside Variance | 0.0118 | |||
| Semi Variance | (0.01) | |||
| Expected Short fall | (0.10) | |||
| Skewness | (0.23) | |||
| Kurtosis | 1.85 |
Virtus Newfleet ABSMBS One Year Return
Based on the recorded statements, Virtus Newfleet ABSMBS has an One Year Return of 8.7%. This is 180.41% lower than that of the Virtus family and significantly higher than that of the Short-Term Bond category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virtus Newfleet ABSMBS. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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.