Virtus Convertible Value At Risk
| VAADX Fund | | | USD 39.46 -0.96 -2.38% |
Historical market data for Virtus Convertible forms the basis of the Value At Risk indicator shown here. The indicator computation uses normalized market activity data.
World Market Map provides context for diversified portfolio design. Portfolio balance depends on how holdings are weighted relative to each other. Virtus Convertible can be evaluated within a portfolio framework for weight and risk impact. This enables performance tracking across the full position set. Broader economic conditions can influence Virtus Convertible's mutual fund valuation — related indicators include
signals in discontinued.
Virtus Convertible has current Value At Risk of
-1.99. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -1.99 | |
| ER[a] | = | Expected return on investing in Virtus Convertible |
| STD | = | Standard Deviation of Virtus Convertible |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
Virtus Convertible is rated
fifth in value at risk among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
Compare Virtus Convertible to Peers
Other Technical Indicators