Virtus Duff Phelps Etf Market Value
| VCLN Etf | USD 17.36 0.29 1.70% |
| Symbol | Virtus |
The market value of Virtus Duff Phelps is measured differently than its book value, which is the value of Virtus that is recorded on the company's balance sheet. Investors also form their own opinion of Virtus Duff's value that differs from its market value or its book value, called intrinsic value, which is Virtus Duff's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Virtus Duff's market value can be influenced by many factors that don't directly affect Virtus Duff's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Virtus Duff's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Duff is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Duff'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 Duff '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 Duff's etf 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 Duff.
| 01/11/2024 |
| 01/05/2025 |
If you would invest 0.00 in Virtus Duff on January 11, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Duff Phelps or generate 0.0% return on investment in Virtus Duff over 360 days. Virtus Duff is related to or competes with IShares Dividend, Martin Currie, VictoryShares THB, Mast Global, AdvisorShares Gerber, Amplify ETF, and Tidal ETF. Under normal market conditions, the fund will invest not less than 80 percent of its net assets in equity securities of ... More
Virtus Duff 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 Duff's etf 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 Duff Phelps upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 1.68 |
Virtus Duff Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Duff's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Duff's standard deviation. In reality, there are many statistical measures that can use Virtus Duff historical prices to predict the future Virtus Duff's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.77) |
Virtus Duff Phelps Backtested Returns
Virtus Duff Phelps owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the etf had a -0.11% return per unit of risk over the last 3 months. Virtus Duff Phelps exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virtus Duff's Risk Adjusted Performance of (0.1), variance of 1.77, and Coefficient Of Variation of (781.38) to confirm the risk estimate we provide. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Virtus Duff's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Duff is expected to be smaller as well.
Auto-correlation | -0.44 |
Modest reverse predictability
Virtus Duff Phelps has modest reverse predictability. Overlapping area represents the amount of predictability between Virtus Duff time series from 11th of January 2024 to 9th of July 2024 and 9th of July 2024 to 5th of January 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 Duff Phelps price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Virtus Duff price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Virtus Duff Phelps lagged returns against current returns
Autocorrelation, which is Virtus Duff etf'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 Duff's etf expected returns. We can calculate the autocorrelation of Virtus Duff returns to help us make a trade decision. For example, suppose you find that Virtus Duff has exhibited high autocorrelation historically, and you observe that the etf 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 Duff 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 Duff etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Duff etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Duff etf over time.
Current vs Lagged Prices |
| Timeline |
Virtus Duff Lagged Returns
When evaluating Virtus Duff's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Duff etf have on its future price. Virtus Duff 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 Duff autocorrelation shows the relationship between Virtus Duff etf current value and its past values and can show if there is a momentum factor associated with investing in Virtus Duff Phelps.
Regressed Prices |
| Timeline |
Pair Trading with Virtus Duff
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Virtus Duff position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Virtus Duff will appreciate offsetting losses from the drop in the long position's value.Moving together with Virtus Etf
Moving against Virtus Etf
| 0.92 | YCS | ProShares UltraShort Yen | PairCorr |
| 0.9 | TBT | ProShares UltraShort | PairCorr |
| 0.9 | TMV | Direxion Daily 20 | PairCorr |
| 0.73 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.65 | IPAY | Amplify ETF Trust | PairCorr |
The ability to find closely correlated positions to Virtus Duff could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Virtus Duff when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Virtus Duff - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Virtus Duff Phelps to buy it.
The correlation of Virtus Duff is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Virtus Duff moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Virtus Duff Phelps moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Virtus Duff can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Virtus Duff Correlation, Virtus Duff Volatility and Virtus Duff Alpha and Beta module to complement your research on Virtus Duff. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Virtus Duff technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.