Virtus Kar Capital Fund Market Value
| PSTAX Fund | USD 23.79 0.22 0.92% |
| Symbol | Virtus |
Virtus Kar '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 Kar's 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 Kar.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Virtus Kar on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Kar Capital or generate 0.0% return on investment in Virtus Kar over 30 days. Virtus Kar is related to or competes with Goldman Sachs, Hennessy Technology, Vanguard Information, Global Technology, Janus Global, Science Technology, and Technology Ultrasector. Under normal circumstances, the fund invests at least 65 percent of its assets in equity securities of large market capi... More
Virtus Kar 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 Kar's 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 Kar Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8779 | |||
| Information Ratio | 0.0554 | |||
| Maximum Drawdown | 4.64 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.59 |
Virtus Kar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Kar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Kar's standard deviation. In reality, there are many statistical measures that can use Virtus Kar historical prices to predict the future Virtus Kar's volatility.| Risk Adjusted Performance | 0.1271 | |||
| Jensen Alpha | 0.0617 | |||
| Total Risk Alpha | 0.0316 | |||
| Sortino Ratio | 0.0536 | |||
| Treynor Ratio | 0.1637 |
Virtus Kar Capital Backtested Returns
At this stage we consider Virtus Mutual Fund to be very steady. Virtus Kar Capital owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus Kar Capital, which you can use to evaluate the volatility of the fund. Please validate Virtus Kar's Coefficient Of Variation of 577.22, semi deviation of 0.6862, and Risk Adjusted Performance of 0.1271 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 0.84, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Kar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Kar is expected to be smaller as well.
Auto-correlation | -0.5 |
Modest reverse predictability
Virtus Kar Capital has modest reverse predictability. Overlapping area represents the amount of predictability between Virtus Kar time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th of December 2024. 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 Kar Capital price movement. The serial correlation of -0.5 indicates that about 50.0% of current Virtus Kar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Virtus Kar Capital lagged returns against current returns
Autocorrelation, which is Virtus Kar 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 Kar's mutual fund expected returns. We can calculate the autocorrelation of Virtus Kar returns to help us make a trade decision. For example, suppose you find that Virtus Kar 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 Kar 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 Kar mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Kar 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 Kar mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Kar Lagged Returns
When evaluating Virtus Kar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Kar mutual fund have on its future price. Virtus Kar 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 Kar autocorrelation shows the relationship between Virtus Kar mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Kar Capital.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Virtus Mutual Fund
Virtus Kar 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 Kar security.
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