Virtus Alternatives Diversifier Fund Market Value
| PDPAX Fund | USD 13.89 0.02 0.14% |
| Symbol | Virtus |
Virtus Alternatives 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Virtus Alternatives' mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Virtus Alternatives.
| 01/19/2023 |
| 01/08/2025 |
If you would invest 0.00 in Virtus Alternatives on January 19, 2023 and sell it all today you would earn a total of 0.00 from holding Virtus Alternatives Diversifier or generate 0.0% return on investment in Virtus Alternatives over 720 days. Virtus Alternatives is related to or competes with First Eagle, Global Gold, Short Precious, Fidelity Advisor, Deutsche Gold, and Goldman Sachs. The fund seeks to achieve its objective by investing its assets in a mix of underlying affiliated and unaffiliated mutua... More
Virtus Alternatives Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Virtus Alternatives' mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Virtus Alternatives Diversifier upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.49 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 0.8772 |
Virtus Alternatives Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Alternatives' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Alternatives' standard deviation. In reality, there are many statistical measures that can use Virtus Alternatives historical prices to predict the future Virtus Alternatives' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 69.54 |
Virtus Alternatives Backtested Returns
Virtus Alternatives owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the fund had a -0.11% return per unit of risk over the last 3 months. Virtus Alternatives Diversifier exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus Alternatives' Variance of 0.8653, risk adjusted performance of (0.09), and Coefficient Of Variation of (918.63) to confirm the risk estimate we provide. The entity has a beta of -0.0016, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Virtus Alternatives are expected to decrease at a much lower rate. During the bear market, Virtus Alternatives is likely to outperform the market.
Auto-correlation | -0.32 |
Poor reverse predictability
Virtus Alternatives Diversifier has poor reverse predictability. Overlapping area represents the amount of predictability between Virtus Alternatives time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Virtus Alternatives price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Virtus Alternatives price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Virtus Alternatives lagged returns against current returns
Autocorrelation, which is Virtus Alternatives mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Virtus Alternatives' mutual fund expected returns. We can calculate the autocorrelation of Virtus Alternatives returns to help us make a trade decision. For example, suppose you find that Virtus Alternatives has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Virtus Alternatives regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Virtus Alternatives mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Alternatives mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Alternatives mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Alternatives Lagged Returns
When evaluating Virtus Alternatives' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Alternatives mutual fund have on its future price. Virtus Alternatives autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Virtus Alternatives autocorrelation shows the relationship between Virtus Alternatives mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Alternatives Diversifier.
Regressed Prices |
| Timeline |
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| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in Virtus Mutual Fund
Virtus Alternatives financial ratios help investors to determine whether Virtus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Virtus with respect to the benefits of owning Virtus Alternatives security.
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