Virtus Etf Profile

VABS
 Etf
  

USD 22.93  0.01  0.0436%   

Market Performance
0 of 100
Odds Of Distress
Less than 42
Virtus Newfleet is selling at 22.93 as of the 9th of December 2022; that is 0.0436 percent up since the beginning of the trading day. The etf's lowest day price was 22.93. Virtus Newfleet has about a 42 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Virtus Newfleet ABSMBS are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of October 2022 and ending today, the 9th of December 2022. Click here to learn more.
The funds sub-adviser, seeks to achieve its investment objective by investing in asset-backed securities and mortgage-backed securities , including commercial MBS and residential MBS. Virtus Newfleet is traded on NYSEARCA Exchange in the United States. More on Virtus Newfleet ABSMBS

Moving together with Virtus Newfleet

+0.63TFJLInnovator Long Term Low VolatilityPairCorr

Moving against Virtus Newfleet

-0.53JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr

Virtus Newfleet Etf 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 generated a negative expected return over the last 90 days
On 30th of November 2022 Virtus Newfleet paid $ 0.0579 per share dividend to its current shareholders
The fund keeps most of the net assets in exotic instruments.
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
Cautious HoldFairly Valued
IssuerVirtus
Inception Date2021-02-09
Entity TypeRegulated Investment Company
Asset Under Management12.62 Million
Asset TypeFixed Income
CategoryBroad Debt
FocusAsset-backed
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorVirtus ETF Solutions, LLC
AdvisorVirtus ETF Advisers LLC
CustodianThe Bank of New York Mellon Corporation
DistributorVP Distributors, LLC
Portfolio ManagerDavid L. Albrycht, Andrew Szabo, Nick Rinaldi, and Zachary Szyndlar
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-Jul
ExchangeNYSE Arca, Inc.
Number of Constituents97.0
Market MakerJane Street
Total Expense0.49
Management Fee0.49
Nav Price22.87
Two Hundred Day Average23.58
Ytd-5.91%
Average Daily Volume In Three Month60.0
Fifty Two Week Low22.75
As Of Date25th of October 2022
Average Daily Volume Last 10 Day30.0
Fifty Two Week High24.82
One Month-1.14%
Fifty Day Average22.96
Three Month-2.20%
Virtus Newfleet ABSMBS [VABS] is traded in USA and was established 2021-02-09. The fund is listed under Short-Term Bond category and is part of Virtus family. Virtus Newfleet ABSMBS at this time have 12.68 M in net assets. , while the total return for the last year was -6.05%.
Check Virtus Newfleet Probability Of Bankruptcy

Virtus Newfleet Target Price Odds Analysis

In regard to a normal probability distribution, the odds of Virtus Newfleet jumping above the current price in 90 days from now is about 45.32%. The Virtus Newfleet ABSMBS probability density function shows the probability of Virtus Newfleet etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Virtus Newfleet has a beta of 0.0475. This entails 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 ABSMBS will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Virtus Newfleet ABSMBS is significantly underperforming NYSE Composite.
  Odds Below 22.93HorizonTargetOdds Above 22.93
53.33%90 days
 22.93 
45.32%
Based on a normal probability distribution, the odds of Virtus Newfleet to move above the current price in 90 days from now is about 45.32 (This Virtus Newfleet ABSMBS probability density function shows the probability of Virtus Etf to fall within a particular range of prices over 90 days) .

Virtus Newfleet ABSMBS 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 etf 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 etf 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 ABSMBS 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 ABSMBS?

The danger of trading Virtus Newfleet ABSMBS is mainly related to its market volatility and ETF 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 ABSMBS 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.
Also, please take a look at World Market Map. Note that the Virtus Newfleet ABSMBS information on this page should be used as a complementary analysis to other Virtus Newfleet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Virtus Newfleet ABSMBS 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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The market value of Virtus Newfleet ABSMBS 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 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.