Virtus Etf Profile
Virtus is trading at 21.15 as of the 2nd of December 2024; that is No Change since the beginning of the trading day. The etf's open price was 21.15. Equity ratings for Virtus are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of November 2024 and ending today, the 2nd of December 2024. Click here to learn more.
Virtus Etf Highlights
| Old Name | Virtus Newfleet High Yield Bond ETF |
| Business Concentration | High Yield Bond, Virtus (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 7.73 |
| Name | Virtus Newfleet High Yield Bond ETF |
| Currency Code | USD |
| Open Figi | BBG00FGQSZ58 |
| In Threey Volatility | 7.35 |
| 1y Volatility | 5.87 |
| 200 Day M A | 20.8898 |
| 50 Day M A | 20.6784 |
| Code | BLHY |
| Updated At | 27th of November 2023 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.07) |
| Type | ETF |
Virtus [BLHY] is traded in USA and was established 2016-12-05. The fund is listed under High Yield Bond category and is part of Virtus family. Virtus currently have 4.12 M in assets under management (AUM). , while the total return for the last 3 years was 1.4%.
Check Virtus Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Virtus Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Virtus Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Virtus Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Virtus Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Virtus. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 0.1984 | |||
| Semi Deviation | 0.1338 | |||
| Standard Deviation | 0.2654 | |||
| Variance | 0.0704 |
Virtus Against Markets
Virtus Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Virtus etf to make a market-neutral strategy. Peer analysis of Virtus could also be used in its relative valuation, which is a method of valuing Virtus by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of Virtus 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' value that differs from its market value or its book value, called intrinsic value, which is Virtus' 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' market value can be influenced by many factors that don't directly affect Virtus' 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' value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus' 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.