Virtus Convertible Fund Market Value
| VAADX Fund | USD 34.37 0.07 0.20% |
| Symbol | Virtus |
Virtus Convertible '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 Convertible'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 Convertible.
| 12/26/2024 |
| 03/26/2025 |
If you would invest 0.00 in Virtus Convertible on December 26, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Convertible or generate 0.0% return on investment in Virtus Convertible over 90 days. Virtus Convertible is related to or competes with Eaton Vance, Harbor Diversified, Aqr Diversified, Diversified Bond, Delaware Limited-term, Mfs Diversified, and Blackrock Conservative. The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in convertible secur... More
Virtus Convertible 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 Convertible'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 Convertible upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.26 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.11 |
Virtus Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Convertible's standard deviation. In reality, there are many statistical measures that can use Virtus Convertible historical prices to predict the future Virtus Convertible's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | 3.64 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Convertible'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 Convertible Backtested Returns
Virtus Convertible owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0786, which indicates the fund had a -0.0786 % return per unit of risk over the last 3 months. Virtus Convertible exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus Convertible's Coefficient Of Variation of (919.01), variance of 0.6864, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.0275, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Virtus Convertible are expected to decrease at a much lower rate. During the bear market, Virtus Convertible is likely to outperform the market.
Auto-correlation | -0.68 |
Very good reverse predictability
Virtus Convertible has very good reverse predictability. Overlapping area represents the amount of predictability between Virtus Convertible time series from 26th of December 2024 to 9th of February 2025 and 9th of February 2025 to 26th 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 Convertible price movement. The serial correlation of -0.68 indicates that around 68.0% of current Virtus Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.89 |
Virtus Convertible lagged returns against current returns
Autocorrelation, which is Virtus Convertible 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 Convertible's mutual fund expected returns. We can calculate the autocorrelation of Virtus Convertible returns to help us make a trade decision. For example, suppose you find that Virtus Convertible 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 Convertible 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 Convertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Convertible 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 Convertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Convertible Lagged Returns
When evaluating Virtus Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Convertible mutual fund have on its future price. Virtus Convertible 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 Convertible autocorrelation shows the relationship between Virtus Convertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Convertible.
Regressed Prices |
| Timeline |
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Other Information on Investing in Virtus Mutual Fund
Virtus Convertible 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 Convertible security.
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