Virtus Reaves Utilities Etf Performance
| UTES Etf | USD 69.83 0.34 0.49% |
The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Reaves' returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Reaves is expected to be smaller as well.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Virtus Reaves Utilities are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain technical and fundamental indicators, Virtus Reaves unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
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| In Threey Sharp Ratio | 0.66 |
Virtus |
Virtus Reaves Relative Risk vs. Return Landscape
If you would invest 5,575 in Virtus Reaves Utilities on September 2, 2024 and sell it today you would earn a total of 1,408 from holding Virtus Reaves Utilities or generate 25.26% return on investment over 90 days. Virtus Reaves Utilities is currently generating 0.363% in daily expected returns and assumes 1.4658% risk (volatility on return distribution) over the 90 days horizon. In different words, 13% of etfs are less volatile than Virtus, and 93% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Virtus Reaves Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Reaves' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Virtus Reaves Utilities, and traders can use it to determine the average amount a Virtus Reaves' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2476
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.47 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.36 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Virtus Reaves is performing at about 19% 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 Reaves by adding it to a well-diversified portfolio.
Virtus Reaves Fundamentals Growth
Virtus Etf prices reflect investors' perceptions of the future prospects and financial health of Virtus Reaves, and Virtus Reaves fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Virtus Etf performance.
| Price To Earning | 19.36 X | |||
| Price To Book | 1.84 X | |||
| Price To Sales | 1.55 X | |||
| Total Asset | 43.18 M | |||
About Virtus Reaves Performance
Assessing Virtus Reaves' fundamental ratios provides investors with valuable insights into Virtus Reaves' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Virtus Reaves is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests not less than 80 percent of its net assets in equity securities of companies in the Utility Sector . Virtus Reaves is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: UTES A Strong Performing ETF Thanks To Active Management - Seeking Alpha | |
| The fund keeps 99.3% of its net assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virtus Reaves Utilities. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of Virtus Reaves Utilities 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 Reaves' value that differs from its market value or its book value, called intrinsic value, which is Virtus Reaves' 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 Reaves' market value can be influenced by many factors that don't directly affect Virtus Reaves' 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 Reaves' value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Reaves is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Reaves' 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.