Virtus Real Asset Etf Market Value
| VRAI Etf | USD 24.43 0.15 0.61% |
| Symbol | Virtus |
The market value of Virtus Real Asset 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 Real's value that differs from its market value or its book value, called intrinsic value, which is Virtus Real'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 Real's market value can be influenced by many factors that don't directly affect Virtus Real'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 Real's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Real is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Real'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 Real '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 Real'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 Real.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Virtus Real on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Virtus Real Asset or generate 0.0% return on investment in Virtus Real over 510 days. Virtus Real is related to or competes with Virtus Private, US Diversified, Nuveen Short, and JPMorgan BetaBuilders. Under normal market conditions, the fund will invest not less than 80 percent of its assets in component securities of t... More
Virtus Real 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 Real'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 Real Asset upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6245 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.4 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.2 |
Virtus Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Real's standard deviation. In reality, there are many statistical measures that can use Virtus Real historical prices to predict the future Virtus Real's volatility.| Risk Adjusted Performance | 0.0502 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0988 |
Virtus Real Asset Backtested Returns
Virtus Real is very steady at the moment. Virtus Real Asset owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0543, which indicates the etf had a 0.0543% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus Real Asset, which you can use to evaluate the volatility of the etf. Please validate Virtus Real's Risk Adjusted Performance of 0.0502, semi deviation of 0.5259, and Coefficient Of Variation of 1401.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.0348%. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Real is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Virtus Real Asset has modest predictability. Overlapping area represents the amount of predictability between Virtus Real time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th of December 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 Real Asset price movement. The serial correlation of 0.55 indicates that about 55.0% of current Virtus Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Virtus Real Asset lagged returns against current returns
Autocorrelation, which is Virtus Real 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 Real's etf expected returns. We can calculate the autocorrelation of Virtus Real returns to help us make a trade decision. For example, suppose you find that Virtus Real 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 Real 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 Real etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Real etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Real etf over time.
Current vs Lagged Prices |
| Timeline |
Virtus Real Lagged Returns
When evaluating Virtus Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Real etf have on its future price. Virtus Real 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 Real autocorrelation shows the relationship between Virtus Real etf current value and its past values and can show if there is a momentum factor associated with investing in Virtus Real Asset.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Virtus Real Asset offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Virtus Real's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Virtus Real Asset Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Virtus Real Asset Etf:Check out Virtus Real Correlation, Virtus Real Volatility and Virtus Real Alpha and Beta module to complement your research on Virtus Real. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Virtus Real 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.