Virtus Newfleet Multi Sector Etf Price on November 8, 2024
| NFLT Etf | USD 22.80 0.05 0.22% |
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 12th of December 2024, with the highest price reaching 22.86 and the lowest price hitting 22.75 during the day.
If you're considering investing in Virtus Etf, it is important to understand the factors that can impact its price. Currently, Virtus Newfleet Multi Sector is very steady. Virtus Newfleet Multi owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0207, which indicates the etf had a 0.0207% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Virtus Newfleet Multi Sector, which you can use to evaluate the volatility of the etf. Please validate Virtus Newfleet's Semi Deviation of 0.206, coefficient of variation of 2115.06, and Risk Adjusted Performance of 0.0147 to confirm if the risk estimate we provide is consistent with the expected return of 0.0052%.
Virtus Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 6.31 | 200 Day MA 22.574 | 1 y Volatility 4.43 | 50 Day MA 22.7824 | Inception Date 2015-08-10 |
Virtus |
Sharpe Ratio = 0.0207
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Estimated Market Risk
| 0.25 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Virtus Newfleet is performing at about 1% 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 Newfleet by adding it 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 November 8, 2024
It is possible to determine the worth of Virtus Newfleet on a given historical date. On November 8, 2024 Virtus was worth 22.49 at the beginning of the trading date compared to the closed value of 22.64. 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 | |
| 22.72 | 22.72 | 22.51 | 22.66 | 25,831 | |
11/08/2024 | 22.49 | 22.70 | 22.49 | 22.64 | 113,347 |
| 22.61 | 22.71 | 22.57 | 22.64 | 49,790 |
| Backtest Virtus Newfleet | | | Virtus Newfleet History | | | Virtus Newfleet Valuation | Previous | Next |
Virtus Newfleet Trading Date Momentum on November 8, 2024
| On November 11 2024 Virtus Newfleet Multi Sector was traded for 22.64 at the closing time. The top price for the day was 22.71 and the lowest listed price was 22.57 . The trading volume for the day was 49.8 K. The trading history from November 11, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 0.75% . |
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.
Price Boundaries
Virtus Newfleet Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
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 12, 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.
| Risk Adjusted Performance | 0.0147 | |||
| Jensen Alpha | 8.0E-4 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.42) | |||
| Treynor Ratio | 0.2303 |
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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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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.