Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2022-05-29), Virtus Dividend, Interest & Premium Strategy Fund's Beta is 1.06.
Virtus Dividend, Interest & Premium Strategy Fund Beta Historical Data
The historical data trend for Virtus Dividend, Interest & Premium Strategy Fund's Beta can be seen below:
* 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.
* Premium members only.
Virtus Dividend, Interest & Premium Strategy Fund Annual Data
Trend
Jan18
Jan19
Jan20
Jan21
Jan22
Beta
0.77
1.05
1.00
-0.08
1.05
Virtus Dividend, Interest & Premium Strategy Fund Semi-Annual Data
Jul17
Jan18
Jul18
Jan19
Jul19
Jan20
Jul20
Jan21
Jul21
Jan22
Beta
1.00
1.06
-0.08
-0.07
1.05
Competitive Comparison
For the Asset Management subindustry, Virtus Dividend, Interest & Premium Strategy Fund's Beta, along with its competitors' market caps and Beta data, can be viewed below:
* 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 Dividend, Interest & Premium Strategy Fund Beta Distribution
For the Asset Management industry and Financial Services sector, Virtus Dividend, Interest & Premium Strategy Fund's Beta distribution charts can be found below:
* The bar in red indicates where Virtus Dividend, Interest & Premium Strategy Fund's Beta falls into.
Virtus Dividend, Interest & Premium Strategy 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 Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) 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 Dividend, Interest & Premium Strategy Fund Beta Related Terms
Thank you for viewing the detailed overview of Virtus Dividend, Interest & Premium Strategy Fund's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Virtus Dividend, Interest & Premium Strategy Fund Business Description
Virtus Dividend, Interest & Premium Strategy Fund is a Massachusetts-based business trust. Its primary investment objective is to seek current income and gains, with a secondary objective of long-term capital appreciation. The fund pursues its investment objectives by investing in a diversified portfolio of dividend-paying common stocks and income-producing convertible securities.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
0.3(2.38%) Volume: 71,282 4:00PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
NYSE:NFJ has been successfully added to your 
