Virtus Allianzgi Artificial Fund Market Value
| AIO Fund | USD 23.05 0.37 1.58% |
| Symbol | Virtus |
Virtus Allianzgi '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 Allianzgi's 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 Allianzgi.
| 11/18/2023 |
| 11/12/2024 |
If you would invest 0.00 in Virtus Allianzgi on November 18, 2023 and sell it all today you would earn a total of 0.00 from holding Virtus Allianzgi Artificial or generate 0.0% return on investment in Virtus Allianzgi over 360 days. Virtus Allianzgi is related to or competes with BlackRock Science, Blackrock Innovation, BlackRock Capital, BlackRock Health, BlackRock Science, BlackRock Health, and Highland Floating. More
Virtus Allianzgi 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 Allianzgi's 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 Allianzgi Artificial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.0239 | |||
| Maximum Drawdown | 4.42 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 2.03 |
Virtus Allianzgi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Allianzgi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Allianzgi's standard deviation. In reality, there are many statistical measures that can use Virtus Allianzgi historical prices to predict the future Virtus Allianzgi's volatility.| Risk Adjusted Performance | 0.1441 | |||
| Jensen Alpha | 0.0786 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0226 | |||
| Treynor Ratio | 0.2773 |
Virtus Allianzgi Art Backtested Returns
As of now, Virtus Fund is very steady. Virtus Allianzgi Art owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Virtus Allianzgi Artificial, which you can use to evaluate the volatility of the fund. Please validate Virtus Allianzgi's Coefficient Of Variation of 544.41, risk adjusted performance of 0.1441, and Semi Deviation of 0.8914 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Allianzgi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Allianzgi is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Virtus Allianzgi Artificial has good predictability. Overlapping area represents the amount of predictability between Virtus Allianzgi time series from 18th of November 2023 to 16th of May 2024 and 16th of May 2024 to 12th of November 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 Allianzgi Art price movement. The serial correlation of 0.69 indicates that around 69.0% of current Virtus Allianzgi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Virtus Allianzgi Art lagged returns against current returns
Autocorrelation, which is Virtus Allianzgi 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 Allianzgi's fund expected returns. We can calculate the autocorrelation of Virtus Allianzgi returns to help us make a trade decision. For example, suppose you find that Virtus Allianzgi has exhibited high autocorrelation historically, and you observe that the 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 Allianzgi 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 Allianzgi fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Allianzgi fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Allianzgi fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Allianzgi Lagged Returns
When evaluating Virtus Allianzgi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Allianzgi fund have on its future price. Virtus Allianzgi 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 Allianzgi autocorrelation shows the relationship between Virtus Allianzgi fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Allianzgi Artificial.
Regressed Prices |
| Timeline |
Pair Trading with Virtus Allianzgi
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Virtus Allianzgi position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Virtus Allianzgi will appreciate offsetting losses from the drop in the long position's value.Moving together with Virtus Fund
| 0.93 | VITAX | Vanguard Information | PairCorr |
| 0.89 | FSCSX | Software And It | PairCorr |
| 0.92 | SCICX | Columbia Seligman | PairCorr |
| 0.69 | WSTRX | Ivy Science And | PairCorr |
| 0.83 | SMPIX | Semiconductor Ultrasector | PairCorr |
Moving against Virtus Fund
| 0.45 | PFE | Pfizer Inc Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Virtus Allianzgi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Virtus Allianzgi when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Virtus Allianzgi - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Virtus Allianzgi Artificial to buy it.
The correlation of Virtus Allianzgi is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Virtus Allianzgi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Virtus Allianzgi Art moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Virtus Allianzgi can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Virtus Fund
Virtus Allianzgi financial ratios help investors to determine whether Virtus 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 Allianzgi security.
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