Virtus Bond Fund Market Value
| SAVYX Fund | USD 10.28 0.02 0.19% |
| Symbol | Virtus |
Virtus Bond '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 Bond'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 Bond.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Virtus Bond on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Bond Fund or generate 0.0% return on investment in Virtus Bond over 60 days. Virtus Bond is related to or competes with Sentinel Small, Tax-managed, Lord Abbett, Blackrock, Jhancock Diversified, and Davenport Small. The fund seeks to generate high total return from both current income and capital appreciation by investing primarily in... More
Virtus Bond 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 Bond'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 Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.08 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.388 |
Virtus Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Bond's standard deviation. In reality, there are many statistical measures that can use Virtus Bond historical prices to predict the future Virtus Bond's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.3548 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Bond's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Virtus Bond Fund Backtested Returns
Virtus Bond Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0395, which indicates the fund had a -0.0395% return per unit of risk over the last 3 months. Virtus Bond Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus Bond's Coefficient Of Variation of (4,751), variance of 0.0693, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of -0.0438, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Virtus Bond are expected to decrease at a much lower rate. During the bear market, Virtus Bond is likely to outperform the market.
Auto-correlation | -0.22 |
Weak reverse predictability
Virtus Bond Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Virtus Bond time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 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 Bond Fund price movement. The serial correlation of -0.22 indicates that over 22.0% of current Virtus Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Virtus Bond Fund lagged returns against current returns
Autocorrelation, which is Virtus Bond 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 Bond's mutual fund expected returns. We can calculate the autocorrelation of Virtus Bond returns to help us make a trade decision. For example, suppose you find that Virtus Bond 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 Bond 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 Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Bond 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 Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Bond Lagged Returns
When evaluating Virtus Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Bond mutual fund have on its future price. Virtus Bond 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 Bond autocorrelation shows the relationship between Virtus Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Bond Fund.
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 Bond 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 Bond security.
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