Virtus Select Mlp Fund Market Value

VLPCX Fund  USD 16.32  0.26  1.62%   
Virtus Select's market value is the price at which a share of Virtus Select trades on a public exchange. It measures the collective expectations of Virtus Select Mlp investors about its performance. Virtus Select is trading at 16.32 as of the 22nd of December 2024; that is 1.62 percent increase since the beginning of the trading day. The fund's open price was 16.06.
With this module, you can estimate the performance of a buy and hold strategy of Virtus Select Mlp and determine expected loss or profit from investing in Virtus Select over a given investment horizon. Check out Virtus Select Correlation, Virtus Select Volatility and Virtus Select Alpha and Beta module to complement your research on Virtus Select.
Symbol

Please note, there is a significant difference between Virtus Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Select'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 Select '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 Select'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 Select.
0.00
07/31/2023
No Change 0.00  0.0 
In 1 year 4 months and 26 days
12/22/2024
0.00
If you would invest  0.00  in Virtus Select on July 31, 2023 and sell it all today you would earn a total of 0.00 from holding Virtus Select Mlp or generate 0.0% return on investment in Virtus Select over 510 days. Virtus Select is related to or competes with Gamco Global, Counterpoint Tactical, Nuveen Minnesota, Blrc Sgy, Oklahoma Municipal, and Pace Municipal. Under normal circumstances, the fund invests at least 80 percent of its assets in securities of master limited partnersh... More

Virtus Select 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 Select'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 Select Mlp upside and downside potential and time the market with a certain degree of confidence.

Virtus Select Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Select's standard deviation. In reality, there are many statistical measures that can use Virtus Select historical prices to predict the future Virtus Select's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Select'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.
Hype
Prediction
LowEstimatedHigh
15.3416.3217.30
Details
Intrinsic
Valuation
LowRealHigh
14.6917.6918.67
Details

Virtus Select Mlp Backtested Returns

At this stage we consider Virtus Mutual Fund to be very steady. Virtus Select Mlp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus Select Mlp, which you can use to evaluate the volatility of the fund. Please validate Virtus Select's Semi Deviation of 0.8842, risk adjusted performance of 0.1141, and Coefficient Of Variation of 706.11 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Select is expected to be smaller as well.

Auto-correlation

    
  0.88  

Very good predictability

Virtus Select Mlp has very good predictability. Overlapping area represents the amount of predictability between Virtus Select time series from 31st of July 2023 to 11th of April 2024 and 11th of April 2024 to 22nd 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 Select Mlp price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Virtus Select price fluctuation can be explain by its past prices.
Correlation Coefficient0.88
Spearman Rank Test0.87
Residual Average0.0
Price Variance1.73

Virtus Select Mlp lagged returns against current returns

Autocorrelation, which is Virtus Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Virtus Select returns to help us make a trade decision. For example, suppose you find that Virtus Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Select 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 Select mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Virtus Select Lagged Returns

When evaluating Virtus Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Select mutual fund have on its future price. Virtus Select 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 Select autocorrelation shows the relationship between Virtus Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Select Mlp.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Virtus Mutual Fund

Virtus Select 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 Select security.
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