Virtus Global Multi Etf Market Value
| VGI Etf | USD 7.75 0.03 0.39% |
| Symbol | Virtus |
The market value of Virtus Global Multi 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Virtus Global'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 Global's market value can be influenced by many factors that don't directly affect Virtus Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Global'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 Global '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 Global'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 Global.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Virtus Global on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Global Multi or generate 0.0% return on investment in Virtus Global over 90 days. Virtus Global is related to or competes with Brandywineglobal, RiverNorth Specialty, Western Asset, Stone Harbor, Aberdeen Global, Cushing Mlp, and Lmp Capital. Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners... More
Virtus Global 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 Global'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 Global Multi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2326 | |||
| Maximum Drawdown | 2.63 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 0.7979 |
Virtus Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Global's standard deviation. In reality, there are many statistical measures that can use Virtus Global historical prices to predict the future Virtus Global's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0382 | |||
| Total Risk Alpha | 0.0852 | |||
| Treynor Ratio | (0.03) |
Virtus Global Multi Backtested Returns
Virtus Global is very steady at the moment. Virtus Global Multi owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0498, which indicates the etf had a 0.0498 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Virtus Global Multi, which you can use to evaluate the volatility of the etf. Please validate Virtus Global's Risk Adjusted Performance of (0.01), variance of 0.3214, and Coefficient Of Variation of (151,152) to confirm if the risk estimate we provide is consistent with the expected return of 0.0275%. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Global is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Virtus Global Multi has poor predictability. Overlapping area represents the amount of predictability between Virtus Global time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Global Multi price movement. The serial correlation of 0.25 indicates that over 25.0% of current Virtus Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Virtus Global Multi lagged returns against current returns
Autocorrelation, which is Virtus Global 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 Global's etf expected returns. We can calculate the autocorrelation of Virtus Global returns to help us make a trade decision. For example, suppose you find that Virtus Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Global etf over time.
Current vs Lagged Prices |
| Timeline |
Virtus Global Lagged Returns
When evaluating Virtus Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Global etf have on its future price. Virtus Global 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 Global autocorrelation shows the relationship between Virtus Global etf current value and its past values and can show if there is a momentum factor associated with investing in Virtus Global Multi.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Virtus Etf
Virtus Global financial ratios help investors to determine whether Virtus Etf 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 Global security.