Virtus Convertible Competition

Mutual Funds . USA . 
Fund . Virtus Convertible
VAADX Fund  USD 32.60  0.08  0.24%   
Virtus Convertible competes with Franklin Vertible, HUMANA, Barloworld, and Morningstar Unconstrained; as well as few others. The fund is listed under Convertibles category and is part of Virtus family. The entity is thematically classified as Convertibles Funds. Analyzing Virtus Convertible competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Virtus Convertible to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Virtus Convertible Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Virtus Convertible competition on your existing holdings.
  
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Convertible's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
32.0132.6033.19
Details
Intrinsic
Valuation
LowRealHigh
31.8132.4032.99
Details
Naive
Forecast
LowNextHigh
31.8932.4833.06
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
30.8831.9533.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Virtus Convertible. Your research has to be compared to or analyzed against Virtus Convertible's peers to derive any actionable benefits. When done correctly, Virtus Convertible's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Virtus Convertible.

Virtus Convertible Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Virtus Convertible and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Virtus and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Virtus Convertible does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
AAEVX
+ 0.96
MSTSX
AAEVX
+ 0.91
FISCX
VAADX
+ 0.88
FISCX
LBHIX
+ 0.86
ABHYX
AAEVX
+ 0.85
LBHIX
LBHIX
+ 0.82
MSTSX
  
High negative correlations   
VIASP
- 0.17
444859BR2
BRRAY
- 0.04
FISCX
AAEVX
- 0.0
AQUI
VIASP
- 0.0
AQUI
LBHIX
- 0.0
AQUI
ABHYX
- 0.0
AQUI

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Convertible Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Virtus Convertible's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FISCX  0.37 (0.01)(0.07) 0.05  0.43 
(0.37)
 0.75 
(0.76)
 1.93 
VAADX  0.44  0.00 (0.03) 0.06  0.59 
(0.44)
 0.98 
(0.96)
 3.41 
444859BR2  0.50  0.07  0.03  0.33  0.38 
(0.55)
 0.75 
(0.79)
 2.21 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
BRRAY  1.00  0.17  0.00  0.91  0.00 
 0.00 
 0.00 
 0.00 
 35.79 
MSTSX  0.43  0.02  0.00  0.09  0.58 
(0.46)
 0.90 
(0.83)
 3.08 
ABHYX  0.14  0.00 (0.21) 0.06  0.16 
(0.19)
 0.34 
(0.34)
 1.14 
LBHIX  0.17 (0.01)(0.20) 0.03  0.13 
(0.29)
 0.48 
(0.24)
 0.98 
VIASP  1.34  0.26  0.14  0.22  1.75 
(1.45)
 3.96 
(2.60)
 13.41 
AAEVX  0.47  0.01  0.01  0.08  0.48 
(0.56)
 0.95 
(0.98)
 2.55 

Virtus Convertible Competitive Analysis

The better you understand Virtus Convertible competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Virtus Convertible's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Virtus Convertible's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
VAADX FISCX 444859BR2 AQUI BRRAY MSTSX ABHYX LBHIX VIASP AAEVX
 0.24 
 32.60 
Virtus
 0.51 
 21.28 
Franklin
 6.19 
 84.12 
HUMANA
 0.00 
 0.01 
Aquagold
 0.00 
 4.34 
Barloworld
 0.09 
 11.15 
Morningstar
 0.23 
 8.77 
High
 0.24 
 4.15 
Thrivent
 0.44 
 23.00 
Via
 0.09 
 10.65 
American
Market Volatility
(90 Days Market Risk)
Very steady
Out of control
Very steady
Very steady
Relatively risky
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
OK
OK
OK
Very Weak
Insignificant
OK
Modest
Modest
Good
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Below Average
Average
Low
Low
Low
Low
About Average
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Under Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Under Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Hold
Not Rated
Hold
Strong Sell
Hold
Strong Hold
Cautious Hold
Cautious Hold
Strong Buy
Strong Hold
Current Ratio
N/A
N/A
N/A
N/A
1.49
N/A
N/A
N/A
3.49
N/A
Net Asset
1.76 B
2.84 B
N/A
3.19 K
54.41 B
116.1 M
672.37 M
674.44 M
355.28 M
5.82 M
Profit Margin
N/A
N/A
N/A
N/A
0.0519
N/A
N/A
N/A
0.0094
N/A
EBITDA
N/A
N/A
N/A
(727.69 K)
2.77 B
N/A
N/A
N/A
33.09 M
N/A
Price To Book
N/A
2.06
N/A
N/A
0.99
N/A
N/A
1.58
N/A
N/A
Current Valuation
N/A
N/A
N/A
912.76 K
1.11 B
N/A
N/A
N/A
535.95 M
N/A
Operating Margin
N/A
N/A
N/A
N/A
0.1
N/A
N/A
N/A
-0.14
N/A
Five Year Return
N/A
9.77
N/A
N/A
3.98
9.03
1.6
2.82
8.97
N/A
Retained Earnings
N/A
N/A
N/A
(4.18 M)
13.37 B
N/A
N/A
N/A
N/A
N/A
Current Asset
N/A
N/A
N/A
N/A
25.84 B
N/A
N/A
N/A
N/A
N/A
One Year Return
N/A
11.06
N/A
N/A
N/A
17.63
5.53
8.88
N/A
N/A
Beta
N/A
N/A
N/A
7.05
0.63
N/A
N/A
N/A
1.16
N/A
Cash Position Weight
4.74
0.91
N/A
N/A
N/A
14.28
0.1
6.56
N/A
2.21
Equity Positions Weight
2.43
6.91
N/A
N/A
N/A
61.63
N/A
0.07
N/A
87.86
Number Of Employees
1
1
N/A
7
36
1
1
1
169
1
Shares Outstanding
N/A
N/A
N/A
965.83 K
185.7 M
N/A
N/A
N/A
N/A
N/A
Three Year Return
N/A
0.84
N/A
N/A
N/A
5.49
-1.32
1.48
N/A
N/A
Cash Flow From Operations
N/A
N/A
N/A
(218.19 K)
1.89 B
N/A
N/A
N/A
12.7 M
N/A
Annual Yield
N/A
0.008
N/A
N/A
0.0543
0.0223
0.0041
0.0582
0.0972
0.0187
Total Debt
N/A
N/A
N/A
N/A
8.64 B
N/A
N/A
N/A
135 M
N/A
Return On Equity
N/A
N/A
N/A
N/A
0.0588
N/A
N/A
N/A
0.017
N/A
Bond Positions Weight
N/A
N/A
N/A
N/A
N/A
22.72
2.0
92.23
N/A
2.26
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.0
N/A
Holdings Turnover
N/A
N/A
N/A
N/A
N/A
269.0
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
-5.5
0.047
N/A
N/A
N/A
-0.11
N/A
Book Value Per Share
N/A
N/A
N/A
-1.18
99.76
N/A
N/A
N/A
3.66
N/A
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2 K
N/A
N/A
Current Liabilities
N/A
N/A
N/A
794 K
13.9 B
N/A
N/A
N/A
N/A
N/A
Total Asset
1.76 B
1.01 B
N/A
3.19 K
54.41 B
215.11 M
243.16 M
347.66 M
355.28 M
2.16 M
Last Dividend Paid
N/A
0.04
N/A
N/A
4.6
N/A
0.03
0.02
0.73
N/A
Debt To Equity
N/A
N/A
N/A
N/A
0.68
N/A
N/A
N/A
0.69
N/A
Target Price
N/A
N/A
N/A
N/A
7.68
N/A
N/A
N/A
N/A
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.7
N/A
Market Capitalization
N/A
N/A
N/A
96.58 K
955.54 M
50.36 M
N/A
N/A
N/A
N/A
Price To Earning
N/A
15.32
N/A
-0.22
9.18
N/A
N/A
35.48
26.83
N/A
Price To Sales
N/A
1.72
N/A
N/A
0.0285
N/A
N/A
1.23
N/A
N/A
Net Income
N/A
N/A
N/A
(627.79 K)
2.04 B
N/A
N/A
N/A
5.2 M
N/A
Earnings Per Share
N/A
N/A
N/A
-0.63
0.35
N/A
N/A
N/A
1.17
N/A
Year To Date Return
N/A
3.43
N/A
N/A
N/A
7.81
2.11
1.24
N/A
N/A
Revenue
N/A
N/A
N/A
N/A
39.38 B
N/A
N/A
N/A
393.49 M
N/A
Ten Year Return
N/A
11.11
N/A
N/A
N/A
N/A
4.84
6.0
N/A
N/A
Working Capital
N/A
N/A
N/A
(794 K)
11.95 B
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
1.15 K
5.11 B
N/A
N/A
N/A
51.31 M
N/A
Cash Per Share
N/A
N/A
N/A
N/A
25.52
N/A
N/A
N/A
3.23
N/A
Gross Profit
N/A
N/A
N/A
(143.88 K)
5.12 B
N/A
N/A
N/A
74.67 M
N/A
Day Typical Price
32.6
21.28
84.12
0.006
4.34
11.15
8.77
4.15
22.95
10.65
Accumulation Distribution
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
137.52
N/A
Daily Balance Of Power
(9,223,372,036,855)
(9,223,372,036,855)
9.2 T
0.0
0.0
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
0.7143
(9,223,372,036,855)
Period Momentum Indicator
(0.08)
(0.11)
4.9
N/A
N/A
(0.01)
(0.02)
(0.01)
0.1
(0.01)
Rate Of Daily Change
1.0
0.99
1.06
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Day Median Price
32.6
21.28
84.12
0.006
4.34
11.15
8.77
4.15
22.93
10.65
Price Action Indicator
(0.04)
(0.06)
2.45
N/A
N/A
(0.01)
(0.01)
(0.01)
0.12
(0.01)
Relative Strength Index
60.63
55.07
52.6
N/A
66.69
65.45
54.98
58.54
70.16
63.7
Coefficient Of Variation
1104.05
1042.22
969.68
N/A
1998.8
743.06
1397.95
1483.25
560.84
734.51
Mean Deviation
0.4365
0.3679
0.4961
N/A
1.0
0.4315
0.142
0.1655
1.34
0.4683
Jensen Alpha
(0)
(0.01)
0.0691
N/A
0.1712
0.0154
(0.0008)
(0.01)
0.2559
0.0088
Total Risk Alpha
(0.03)
(0.02)
(0.02)
N/A
(0.28)
(0.0002)
(0.02)
(0.02)
0.1179
7.0E-4
Sortino Ratio
(0.03)
(0.07)
0.0344
N/A
N/A
0.0038
(0.21)
(0.20)
0.1372
0.0057
Downside Variance
0.5061
0.2405
0.3028
N/A
N/A
0.5632
0.0902
0.0978
4.84
0.3863
Standard Deviation
0.6049
0.4528
0.94
N/A
3.9
0.6008
0.203
0.2283
2.13
0.599
Kurtosis
3.39
(0.25)
30.13
N/A
38.55
2.06
3.27
(0.05)
4.18
0.1989
Potential Upside
0.9751
0.7512
0.7473
N/A
N/A
0.9042
0.3417
0.4831
3.96
0.947
Treynor Ratio
0.062
0.0505
0.3321
N/A
0.9133
0.0869
0.0583
0.029
0.2205
0.0776
Maximum Drawdown
3.41
1.93
2.21
N/A
35.79
3.08
1.14
0.9768
13.41
2.55
Variance
0.366
0.205
0.8837
N/A
15.18
0.361
0.0412
0.0521
4.54
0.3588
Market Risk Adjusted Performance
0.072
0.0605
0.3421
N/A
0.9233
0.0969
0.0683
0.039
0.2305
0.0876
Risk Adjusted Performance
0.0526
0.0525
0.0632
N/A
0.0373
0.0778
0.0228
0.0236
0.1098
0.0787
Skewness
(1.16)
(0.40)
4.64
N/A
4.78
(0.80)
(1.04)
(0)
0.2244
(0.43)
Semi Deviation
0.5852
0.4319
0.3827
N/A
N/A
0.5773
0.1552
0.1327
1.75
0.4793
Information Ratio
(0.04)
(0.08)
0.0201
N/A
0.03
0.0047
(0.31)
(0.27)
0.1417
0.0059
Value At Risk
(0.96)
(0.76)
(0.79)
N/A
N/A
(0.83)
(0.34)
(0.24)
(2.60)
(0.98)
Expected Short fall
(0.44)
(0.37)
(0.55)
N/A
N/A
(0.46)
(0.19)
(0.29)
(1.45)
(0.56)
Downside Deviation
0.7114
0.4904
0.5503
N/A
N/A
0.7504
0.3003
0.3128
2.2
0.6215
Semi Variance
0.3425
0.1865
0.1465
N/A
N/A
0.3333
0.0241
0.0176
3.06
0.2297

Virtus Convertible Competition Performance Charts

Five steps to successful analysis of Virtus Convertible Competition

Virtus Convertible's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Virtus Convertible in relation to its competition. Virtus Convertible's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Virtus Convertible in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Virtus Convertible's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Virtus Convertible, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Virtus Convertible position

In addition to having Virtus Convertible in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Baby Boomer Prospects Thematic Idea Now

Baby Boomer Prospects
Baby Boomer Prospects Theme
Equities with large market capitalization that account for significant contribution to overall economic growth especially within dividend-paying instruments and stocks from healthcare and financial sectors. The Baby Boomer Prospects theme has 98 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Baby Boomer Prospects Theme or any other thematic opportunities.
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Check out Virtus Convertible Correlation with its peers.
Note that the Virtus Convertible information on this page should be used as a complementary analysis to other Virtus Convertible'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 the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between Virtus Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Convertible'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.
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