What is Virtus Convertible &ome 2024 Target Term Fund Beta?
Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-15), Virtus Convertible &ome 2024 Target Term Fund's Beta is 0.30.
Virtus Convertible &ome 2024 Target Term Fund Beta Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Virtus Convertible &ome 2024 Target Term Fund Beta Chart
Virtus Convertible &ome 2024 Target Term Fund Annual Data
Trend
Feb19
Feb20
Feb21
Jan23
Jan24
Beta
-
-
0.72
0.54
0.32
Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Virtus Convertible &ome 2024 Target Term Fund's Beta Distribution in the Asset Management Industry
* The bar in red indicates where Virtus Convertible &ome 2024 Target Term Fund's Beta falls into.
Virtus Convertible &ome 2024 Target Term Fund Beta Calculation
Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.
Virtus Convertible &ome 2024 Target Term Fund (NYSE:CBH) Beta Explanation
Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.
Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
Virtus Convertible &ome 2024 Target Term Fund Beta Related Terms
Thank you for viewing the detailed overview of Virtus Convertible &ome 2024 Target Term Fund's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description
AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.
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