Virtus Convertible Fund Price on February 13, 2023
| VAADX Fund | USD 35.68 0.11 0.31% |
If you're considering investing in Virtus Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Virtus Convertible stands at 35.68, as last reported on the 25th of December, with the highest price reaching 35.68 and the lowest price hitting 35.68 during the day. At this stage we consider Virtus Mutual Fund to be very steady. Virtus Convertible owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus Convertible, which you can use to evaluate the volatility of the fund. Please validate Virtus Convertible's Coefficient Of Variation of 836.32, semi deviation of 0.625, and Risk Adjusted Performance of 0.094 to confirm if the risk estimate we provide is consistent with the expected return of 0.0786%.
Virtus Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Virtus |
Sharpe Ratio = 0.1117
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| Cash | VAADX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.7 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Virtus Convertible is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Virtus Convertible by adding it to a well-diversified portfolio.
Virtus Convertible Valuation on February 13, 2023
It is possible to determine the worth of Virtus Convertible on a given historical date. On February 13, 2023 Virtus was worth 30.09 at the beginning of the trading date compared to the closed value of 30.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Virtus Convertible mutual fund. Still, in general, we apply an absolute valuation method to find Virtus Convertible's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Virtus Convertible where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Virtus Convertible's related companies.
| Open | High | Low | Close | Volume | |
| 29.92 | 29.92 | 29.92 | 29.92 | 1.00 | |
02/13/2023 | 30.09 | 30.09 | 30.09 | 30.09 | 1.00 |
| 30.14 | 30.14 | 30.14 | 30.14 | 1.00 |
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Virtus Convertible Trading Date Momentum on February 13, 2023
| On February 14 2023 Virtus Convertible was traded for 30.14 at the closing time. The highest daily price throughout the period was 30.14 and the lowest price was 30.14 . There was no trading activity during the period 1.0. Lack of trading volume on 02/14/2023 added to the next day price jump. The trading price change to closing price of the next trading day was 0.17% . The trading price change to current closing price is 1.66% . |
Virtus Convertible Fundamentals Correlations and Trends
By evaluating Virtus Convertible's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Virtus Convertible's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Virtus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Virtus Convertible Mutual Fund history
Virtus Convertible investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Virtus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Virtus Convertible will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Virtus Convertible stock prices may prove useful in developing a viable investing in Virtus Convertible
The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in convertible securities. Convertible securities include, but are not limited to, corporate bonds, debentures, notes or preferred stocks and their hybrids that can be converted into equity securities or other securities that provide an opportunity for equity participation.
Virtus Convertible Mutual Fund Technical Analysis
Virtus Convertible technical mutual fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Virtus Convertible Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
Virtus Convertible cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Virtus Convertible December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Virtus Convertible mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Virtus Convertible shares will generate the highest return on investment. By undertsting and applying Virtus Convertible mutual fund market strength indicators, traders can identify Virtus Convertible entry and exit signals to maximize returns
Virtus Convertible Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Virtus Convertible's price direction in advance. Along with the technical and fundamental analysis of Virtus Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Virtus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.094 | |||
| Jensen Alpha | 0.0692 | |||
| Total Risk Alpha | 0.0426 | |||
| Sortino Ratio | 0.0497 | |||
| Treynor Ratio | 0.732 |
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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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