Virtus Newfleet Multi Sector Etf Performance
| NFLT Etf | USD 22.23 0.10 0.45% |
The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Virtus Newfleet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Newfleet is expected to be smaller as well.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Virtus Newfleet Multi Sector are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable essential indicators, Virtus Newfleet is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
| In Threey Sharp Ratio | -0.46 |
Virtus |
Virtus Newfleet Relative Risk vs. Return Landscape
If you would invest 2,204 in Virtus Newfleet Multi Sector on February 5, 2024 and sell it today you would earn a total of 19.00 from holding Virtus Newfleet Multi Sector or generate 0.86% return on investment over 90 days. Virtus Newfleet Multi Sector is currently generating 0.0138% in daily expected returns and assumes 0.2845% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than Virtus, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Virtus Newfleet Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Newfleet's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Virtus Newfleet Multi Sector, and traders can use it to determine the average amount a Virtus Newfleet's 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 = 0.0486
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NFLT |
Estimated Market Risk
| 0.28 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Virtus Newfleet is performing at about 3% 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 Newfleet by adding it to a well-diversified portfolio.
Virtus Newfleet Fundamentals Growth
Virtus Etf prices reflect investors' perceptions of the future prospects and financial health of Virtus Newfleet, and Virtus Newfleet 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.
| Total Asset | 31.06 M | |||
About Virtus Newfleet Performance
To evaluate Virtus Newfleet Multi Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Virtus Newfleet generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Virtus Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Virtus Newfleet Multi market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Virtus's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Under normal market conditions, the fund will invest not less than 80 percent of its net assets in bonds. Virtus Newfleet is traded on NYSEARCA Exchange in the United States.| The fund maintains about 18.96% of its assets in bonds |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Virtus Newfleet Multi Sector. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of Virtus Newfleet 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 Newfleet's value that differs from its market value or its book value, called intrinsic value, which is Virtus Newfleet'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 Newfleet's market value can be influenced by many factors that don't directly affect Virtus Newfleet'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 Newfleet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Newfleet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Newfleet'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.