Virtus Newfleet Multi Sector Etf Price on September 27, 2024

NFLT Etf  USD 22.80  0.01  0.04%   
Below is the normalized historical share price chart for Virtus Newfleet Multi Sector extending back to August 11, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Virtus Newfleet stands at 22.80, as last reported on the 13th of December 2024, with the highest price reaching 22.86 and the lowest price hitting 22.75 during the day.
3 y Volatility
6.31
200 Day MA
22.5768
1 y Volatility
4.43
50 Day MA
22.7781
Inception Date
2015-08-10
 
Yuan Drop
 
Covid
If you're considering investing in Virtus Etf, it is important to understand the factors that can impact its price. Virtus Newfleet Multi owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0043, which indicates the etf had a -0.0043% return per unit of risk over the last 3 months. Virtus Newfleet Multi Sector exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus Newfleet's Semi Deviation of 0.2235, coefficient of variation of 3931.56, and Risk Adjusted Performance of (0.0009) to confirm the risk estimate we provide.
  
Virtus Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0043

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Estimated Market Risk

 0.25
  actual daily
2
98% of assets are more volatile

Expected Return

 0.0
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Virtus Newfleet is not performing at its full potential. However, 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 Newfleet by adding Virtus Newfleet to a well-diversified portfolio.
Average Mkt Cap Mil
1.7 K
Market Capitalisation
{Big=0, Small=0, Mega=0, Medium=0, Micro=0.00501}

Virtus Newfleet Valuation on September 27, 2024

It is possible to determine the worth of Virtus Newfleet on a given historical date. On September 27, 2024 Virtus was worth 22.82 at the beginning of the trading date compared to the closed value of 22.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Virtus Newfleet etf. Still, in general, we apply an absolute valuation method to find Virtus Newfleet's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Virtus Newfleet where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Virtus Newfleet's related companies.
 Open High Low Close Volume
  22.88    22.88    22.73    22.78    72,528  
09/27/2024
  22.82    22.85    22.75    22.76    56,515  
  22.84    22.86    22.78    22.85    34,707  
Backtest Virtus Newfleet  |  Virtus Newfleet History  |  Virtus Newfleet Valuation   PreviousNext  
Open Value
22.82
22.76
Closing Value
23.57
Upside

Virtus Newfleet Trading Date Momentum on September 27, 2024

On September 30 2024 Virtus Newfleet Multi Sector was traded for  22.85  at the closing time. The top price for the day was 22.86  and the lowest listed price was  22.78 . The trading volume for the day was 34.7 K. The trading history from September 30, 2024 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 0.40% . The trading price change against the current closing price is 0.57% .

Virtus Newfleet Multi Fundamentals Correlations and Trends

By evaluating Virtus Newfleet's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Virtus Newfleet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Virtus financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Virtus Newfleet Etf history

Virtus Newfleet investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Virtus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Virtus Newfleet Multi will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Virtus Newfleet stock prices may prove useful in developing a viable investing in Virtus Newfleet

Virtus Newfleet Etf Technical Analysis

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.
A focus of Virtus Newfleet technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Virtus Newfleet trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Virtus Newfleet Period Price Range

Low
December 13, 2024
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High

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Virtus Newfleet Multi Sector cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Virtus Newfleet December 13, 2024 Market Strength

Market strength indicators help investors to evaluate how Virtus Newfleet etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Virtus Newfleet shares will generate the highest return on investment. By undertsting and applying Virtus Newfleet etf market strength indicators, traders can identify Virtus Newfleet Multi Sector entry and exit signals to maximize returns

Virtus Newfleet Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Virtus Newfleet's price direction in advance. Along with the technical and fundamental analysis of Virtus Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Virtus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Virtus Newfleet Multi is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Virtus Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Virtus Newfleet Multi Sector Etf. Highlighted below are key reports to facilitate an investment decision about Virtus Newfleet Multi Sector Etf:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Virtus Newfleet Multi Sector. 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 economic analysis.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of Virtus Newfleet Multi 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.