Virtus Mutual Fund Quote

PHCIX
 Fund
  

USD 3.53  0.02  0.56%   

Market Performance
0 of 100
Odds Of Distress
Less than 2
Virtus Newfleet is trading at 3.53 as of the 3rd of October 2022; that is -0.56 percent decrease since the beginning of the trading day. The fund's open price was 3.55. Virtus Newfleet has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Virtus Newfleet High are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of September 2022 and ending today, the 3rd of October 2022. Click here to learn more.
The fund normally invests at least 80 percent of its assets in high yield fixed income securities. Virtus Newfleet is traded on NASDAQ Exchange in the United States. More on Virtus Newfleet High

Moving together with Virtus Newfleet

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+0.76JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr

Virtus Newfleet Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Virtus Newfleet's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Virtus Newfleet or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Virtus Newfleet High generated a negative expected return over the last 90 days
Virtus Newfleet High is unlikely to experience financial distress in the next 2 years
On 31st of August 2022 Virtus Newfleet paid $ 0.018 per share dividend to its current shareholders
The fund maintains about 6.51% of its assets in cash
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Virtus Newfleet's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Startdate30th of August 2019
Virtus Newfleet High [PHCIX] is traded in USA and was established 3rd of October 2022. The fund is listed under High Yield Bond category and is part of Virtus family. Virtus Newfleet High at this time has accumulated 45.98 M in assets with no minimum investment requirements, while the total return for the last 3 years was 2.24%.
Check Virtus Newfleet Probability Of Bankruptcy

Instrument Allocation

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Virtus Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Virtus Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Virtus Newfleet High Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Virtus Newfleet High Constituents

Virtus Newfleet Target Price Odds Analysis

Based on a normal probability distribution, the odds of Virtus Newfleet jumping above the current price in 90 days from now is roughly 96.0%. The Virtus Newfleet High probability density function shows the probability of Virtus Newfleet mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Virtus Newfleet has a beta of 0.2228 indicating as returns on the market go up, Virtus Newfleet average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Virtus Newfleet High will be expected to be much smaller as well. Additionally, the company has an alpha of 0.005, implying that it can generate a 0.005021 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 3.53HorizonTargetOdds Above 3.53
3.56%90 days
 3.53 
96.34%
Based on a normal probability distribution, the odds of Virtus Newfleet to move above the current price in 90 days from now is roughly 96.0 (This Virtus Newfleet High probability density function shows the probability of Virtus Mutual Fund to fall within a particular range of prices over 90 days) .

Virtus Newfleet High Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Virtus Newfleet market risk premium is the additional return an investor will receive from holding Virtus Newfleet long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Virtus Newfleet. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Virtus Newfleet's alpha and beta are two of the key measurements used to evaluate Virtus Newfleet's performance over the market, the standard measures of volatility play an important role as well.

Virtus Newfleet Against Markets

Picking the right benchmark for Virtus Newfleet mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Virtus Newfleet mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Virtus Newfleet is critical whether you are bullish or bearish towards Virtus Newfleet High at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Virtus Newfleet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Virtus Newfleet High?

The danger of trading Virtus Newfleet High is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Virtus Newfleet is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Virtus Newfleet. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Virtus Newfleet High is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Virtus Newfleet High price analysis, check to measure Virtus Newfleet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Virtus Newfleet is operating at the current time. Most of Virtus Newfleet's value examination focuses on studying past and present price action to predict the probability of Virtus Newfleet's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Virtus Newfleet's price. Additionally, you may evaluate how the addition of Virtus Newfleet to your portfolios can decrease your overall portfolio volatility.
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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 Virtus Newfleet value 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.