Virtus Tax Exempt Bond Fund Market Value

PXCZX Fund  USD 10.18  0.01  0.1%   
Virtus Tax-exempt's market value is the price at which a share of Virtus Tax-exempt trades on a public exchange. It measures the collective expectations of Virtus Tax Exempt Bond investors about its performance. Virtus Tax-exempt is trading at 10.18 as of the 16th of March 2025; that is 0.1 percent decrease since the beginning of the trading day. The fund's open price was 10.19.
With this module, you can estimate the performance of a buy and hold strategy of Virtus Tax Exempt Bond and determine expected loss or profit from investing in Virtus Tax-exempt over a given investment horizon. Check out Virtus Tax-exempt Correlation, Virtus Tax-exempt Volatility and Virtus Tax-exempt Alpha and Beta module to complement your research on Virtus Tax-exempt.
Symbol

Please note, there is a significant difference between Virtus Tax-exempt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Tax-exempt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Tax-exempt'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.

Virtus Tax-exempt '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 Tax-exempt'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 Tax-exempt.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in Virtus Tax-exempt on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Tax Exempt Bond or generate 0.0% return on investment in Virtus Tax-exempt over 90 days. Virtus Tax-exempt is related to or competes with Dreyfus/standish, Ab Global, Nuveen Global, Doubleline Global, Morningstar Global, and Ab Global. The fund seeks to generate current income exempt from federal income taxes by investing in a diversified portfolio with ... More

Virtus Tax-exempt 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 Tax-exempt'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 Tax Exempt Bond upside and downside potential and time the market with a certain degree of confidence.

Virtus Tax-exempt Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Tax-exempt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Tax-exempt's standard deviation. In reality, there are many statistical measures that can use Virtus Tax-exempt historical prices to predict the future Virtus Tax-exempt's volatility.
Hype
Prediction
LowEstimatedHigh
9.9810.1810.38
Details
Intrinsic
Valuation
LowRealHigh
9.9810.1810.38
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Virtus Tax-exempt. Your research has to be compared to or analyzed against Virtus Tax-exempt's peers to derive any actionable benefits. When done correctly, Virtus Tax-exempt's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Virtus Tax Exempt.

Virtus Tax Exempt Backtested Returns

Virtus Tax Exempt owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0315, which indicates the fund had a -0.0315 % return per unit of risk over the last 3 months. Virtus Tax Exempt Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus Tax-exempt's Coefficient Of Variation of (1,047), variance of 0.0397, and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The entity has a beta of 0.0304, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Virtus Tax-exempt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Tax-exempt is expected to be smaller as well.

Auto-correlation

    
  -0.61  

Very good reverse predictability

Virtus Tax Exempt Bond has very good reverse predictability. Overlapping area represents the amount of predictability between Virtus Tax-exempt time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Tax Exempt price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Virtus Tax-exempt price fluctuation can be explain by its past prices.
Correlation Coefficient-0.61
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.0

Virtus Tax Exempt lagged returns against current returns

Autocorrelation, which is Virtus Tax-exempt 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 Tax-exempt's mutual fund expected returns. We can calculate the autocorrelation of Virtus Tax-exempt returns to help us make a trade decision. For example, suppose you find that Virtus Tax-exempt 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 Tax-exempt 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 Tax-exempt mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Tax-exempt 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 Tax-exempt mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Virtus Tax-exempt Lagged Returns

When evaluating Virtus Tax-exempt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Tax-exempt mutual fund have on its future price. Virtus Tax-exempt 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 Tax-exempt autocorrelation shows the relationship between Virtus Tax-exempt mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Tax Exempt Bond.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Virtus Mutual Fund

Virtus Tax-exempt 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 Tax-exempt security.
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