Market Cap : 1.09 B | Enterprise Value : 1.09 B | PE Ratio : 5.78 | PB Ratio : 0.72 |
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Virtus Dividend, Interest & Premium Strategy Fund has the GF Value Rank of 0.
The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.
GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).
We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.
After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.
Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.
Thank you for viewing the detailed overview of Virtus Dividend, Interest & Premium Strategy Fund's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Mowrey John R. | other: Portfolio Manager | 1633 BROADWAY NEW YORK NY 10019 |
Oliver Thomas W Jr | other: Affiliated Person | 2121 SAN JACINTO DRIVE DALLAS TX 75201 |
Pushpaharan Gem | other: Affiliated Person | 1633 BROADWAY NEW YORK NY 10019 |
Viggiano John | other: Affiliated Person | 1633 BROADWAY NEW YORK NY 10019 |
Cogan Sarah E | director | 1633 BROADWAY NEW YORK NY 10019 |
Macleod James S | director | 250 E KILBOURN AVE MILWAUKEE WI 53202 |
Parker Jeffrey D | other: See Remarks | 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105 |
Holt Erick | director | 1633 BROADWAY NEW YORK NY 10019 |
Ruckman Craig | officer: Assistant Secretary | 1633 BROADWAY NEW YORK NY 10019 |
Rappaport Alan | director | C/O PIMCO 650 NEWPORT CENTER DRIVE NEWPORT BEACH CA 92660 |
Magnuson Paul A | other: Portfolio Manager | 2121 SAN JACINTO, SUITE 1840 DALLAS TX 75201 |
Mildner Heiko | other: Affiliated Person | 1633 BROADWAY NEW YORK NY 10019 |
Thompson Kathleen C. | other: Affiliated Person | 1633 BROADWAY NEW YORK NY 10019 |
Fischer Ben J | other: Portfolio Manager | 1633 BROADWAY NEW YORK NY 10019 |
Grau William | other: SEE REMARKS | C/O ALLIANZ GLOBAL INVESTORS U.S. LLC 1633 BROADWAY NEW YORK NY 10019 |
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By Seekingalpha 2020-05-01