Virtus Tax Exempt Bond Fund Market Value
| PXCZX Fund | USD 10.18 0.01 0.1% |
| Symbol | Virtus |
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.
| 12/16/2024 |
| 03/16/2025 |
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.
| Information Ratio | 0.4017 | |||
| Maximum Drawdown | 0.8828 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.1982 |
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.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.95) |
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 Risk Adjusted Performance of (0.12), coefficient of variation of (1,047), and Variance of 0.0397 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 Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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 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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