Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Volatility is a statistical measure of the dispersion of returns for a given security or market index, it shows how the price swings around its mean. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year. In most cases, the higher the volatility, the riskier the security.
Virtus Convertible &ome Fund II (NYSE:NCZ) Volatility Explanation
Volatility is a statistical measure of the dispersion of returns for a given security or market index. It’s often measured as standard deviation or variance of historical returns over a certain period. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year.
Volatility reflects the uncertainty or risk of a security’s value. Generally speaking, a higher volatility suggests a higher risk, because it implies a wider fluctuation around average price. This means the price of the security can change dramatically in either direction within a short period. Conversely, a lower volatility means that the security's price is more steady, which suggests a lower risk.
Another measurement of relative volatility is Beta. Beta is a measure of systematic risk of a security or a portfolio in comparison to the market as a whole. Beta is usually compared to 1. A beta of greater than 1 indicates that the security's price will be more volatile than the market.
Virtus Convertible &ome Fund II Volatility Related Terms
NCZ vs DSM, FUND, RMM: Volatility Comparison
For the Asset Management subindustry, Virtus Convertible &ome Fund II's Volatility, along with its competitors' market caps and Volatility 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 Convertible &ome Fund II Volatility vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund II's Volatility distribution charts can be found below:
* The bar in red indicates where Virtus Convertible &ome Fund II's Volatility falls into.
Virtus Convertible &ome Fund II (NYSE:NCZ) Volatility Calculation
The annualized volatility is calculated as following:
σA
=
σM
*
√12
=
√ 1/(n-1) ∑(Ri - R')^2
*
√12
Where: σM is the monthly volatility, n is the number of months in the period, Ri is the security's historical monthly returns and R' is the arithmetic mean of monthly returns.
* 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.
Virtus Convertible &ome Fund II (NCZ) has a Volatility of 18.22% as of Aug. 20, 2026. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on Virtus Convertible &ome Fund II and its competitors.
Is Virtus Convertible &ome Fund II's Volatility too high?
Virtus Convertible &ome Fund II's current Volatility is 18.22%. Overall, Virtus Convertible &ome Fund II has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Virtus Convertible &ome Fund II's Volatility compare to DSM and FUND?
Virtus Convertible &ome Fund II's Volatility of 18.22% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Volatility for an Asset Management company?
A good Volatility depends on the Asset Management industry context. However, Volatility should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Volatility mean?
A high Volatility can signal that a stock is expensive relative to its fundamentals. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on Virtus Convertible &ome Fund II and its competitors. Virtus Convertible &ome Fund II's current Volatility is 18.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtus Convertible &ome Fund II stock overvalued right now?
Based on GuruFocus' analysis, Virtus Convertible &ome Fund II (NCZ) is currently considered Significantly Undervalued. The stock's GF Value™ is $45.90, compared to a current price of $15.41 — trading 66.4% below its estimated fair value. The current Volatility is 18.22%. Virtus Convertible &ome Fund II's overall GF Score™ is 50/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Volatility calculated?
Volatility is calculated from a company's financial statements. For Virtus Convertible &ome Fund II (NCZ), the current Volatility is 18.22% as of Aug. 20, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Virtus Convertible &ome Fund II (NCZ) Overvalued in 2026?
Based on GuruFocus' analysis, Virtus Convertible &ome Fund II stock appears to be undervalued.
The current stock price of $15.41 is trading 66.4% below its estimated GF Value™ of $45.90.
GuruFocus considers Virtus Convertible &ome Fund II to be Significantly Undervalued.
Key valuation signals for NCZ:
Volatility: 18.22%
GF Value™: $45.90 vs. price of $15.41 (66.4% below fair value)
No single metric tells the full story. See the NCZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virtus Convertible & Income Fund II is a diversified, closed-end management investment company. The investment objective of the company is to provide total return through a combination of current income, current gains and long-term capital appreciation. Its portfolio of investments includes different sector investments such as in healthcare services, media, oil, gas, and consumable fuels and others.
50GF Score
Get the complete analysis for NCZ
Volatility is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NCZ has been successfully added to your 
