Voya High Competition

Mutual Funds . USA . 
Fund . Voya High Yield
IMYCX Fund  USD 7.01  0.01  0.14%   
Voya High Yield competes with SCOR PK, Morningstar Unconstrained, Via Renewables, Bondbloxx ETF, and Spring Valley; as well as few others. The fund is listed under High Yield Bond category and is part of Voya family. The entity is thematically classified as Junk Bonds Funds. Analyzing Voya High competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Voya High to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Voya High Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Voya High competition on your existing holdings.
  
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
6.867.017.16
Details
Intrinsic
Valuation
LowRealHigh
6.296.447.71
Details
Naive
Forecast
LowNextHigh
6.877.027.17
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.926.977.01
Details

Voya High Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Voya High and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Voya and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Voya High Yield does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
SEGI
+ 0.93
70082LAB3
XTWY
+ 0.91
XTWO
VIASP
+ 0.76
SCRYY
70082LAB3
+ 0.71
VIASP
SEGI
+ 0.66
VIASP
KMX
+ 0.63
VIASP
  
High negative correlations   
SEGI
- 0.78
XTWY
XTWY
- 0.75
70082LAB3
SEGI
- 0.75
XTWO
70082LAB3
- 0.7
XTWO
SVII
- 0.6
XTWO
XTWY
- 0.49
SVII

Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya High Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Voya High's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SCRYY  1.93  0.45  0.12 (0.71) 1.74 
(2.85)
 5.61 
(3.52)
 12.99 
MSTSX  0.45 (0.01)(0.11) 0.10  0.39 
(0.59)
 1.21 
(0.84)
 2.80 
VIASP  0.75  0.10 (0.02)(1.58) 1.11 
(0.81)
 2.28 
(1.20)
 7.18 
XTWO  0.08 (0.01) 0.00  1.07  0.00 
 0.00 
 0.14 
(0.12)
 0.55 
SVII  0.18  0.00 (0.17) 0.24  0.39 
(0.29)
 0.44 
(0.53)
 4.77 
70082LAB3  0.70  0.09 (0.03)(0.69) 0.99 
(0.84)
 1.75 
(1.19)
 6.86 
XTWY  0.76 (0.10) 0.00  0.98  0.00 
 0.00 
 1.33 
(1.70)
 5.49 
SEGI  10.19  2.80  0.16 (1.15) 9.90 
(16.01)
 28.57 
(18.18)
 62.86 
FPCG  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
KMX  1.43  0.14  0.02  1.44  1.64 
(1.55)
 4.14 
(3.24)
 8.69 
All Fundamental Data

Voya High Competitive Analysis

The better you understand Voya High competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Voya High's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Voya High's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
IMYCX SCRYY MSTSX VIASP XTWO SVII 70082LAB3 XTWY SEGI FPCG
 0.14 
 7.01 
Voya
 1.16 
 2.56 
SCOR
 0.25 
 11.90 
Morningstar
 1.13 
 22.35 
Via
 0.04 
 49.22 
Bondbloxx
 0.09 
 11.22 
Spring
 0.00 
 89.17 
70082LAB3
 1.23 
 41.04 
Bondbloxx
 15.00 
 0 
Sycamore
 0.00 
 1,025 
First
Market Volatility
(90 Days Market Risk)
Very steady
Risky
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Out of control
Very steady
Market Performance
(90 Days Performance)
Good
OK
OK
OK
Very Weak
Very Weak
OK
Very Weak
Good
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Below Average
Low
Average
Low
Below Average
Below Average
Low
Quite High
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Hold
Strong Sell
Cautious Hold
Hold
Strong Sell
Strong Sell
Strong Sell
Hold
Current Ratio
N/A
9.99
N/A
3.49
N/A
N/A
N/A
N/A
0.01
5.06
Net Asset
531.36 M
51.52 B
116.1 M
355.28 M
35.17 M
250.58 M
N/A
19.36 M
N/A
37.35 M
EBITDA
N/A
1.23 B
N/A
33.09 M
N/A
10.97 M
N/A
N/A
(518.61 K)
9.7 M
Operating Margin
N/A
-0.0092
N/A
-0.14
N/A
N/A
N/A
N/A
N/A
0.42
Five Year Return
2.52
4.83
8.83
8.97
N/A
N/A
N/A
N/A
N/A
N/A
One Year Return
10.06
N/A
21.02
N/A
4.9
N/A
N/A
1.8
N/A
N/A
Beta
N/A
1.25
N/A
1.16
N/A
-0.013
N/A
N/A
47.75
-8.37
Number Of Employees
1
3.59 K
1
169
N/A
N/A
N/A
N/A
5
3
Three Year Return
1.16
N/A
7.83
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash Flow From Operations
N/A
2.41 B
N/A
12.7 M
N/A
(491.06 K)
N/A
N/A
(36.81 K)
3.25 M
Total Debt
N/A
3.05 B
N/A
135 M
N/A
8.22 M
N/A
N/A
1.11 M
5.69 M
Bond Positions Weight
10.64
N/A
22.72
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Holdings Turnover
N/A
N/A
269.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
-0.002
N/A
-0.11
N/A
-0.0028
N/A
N/A
-0.29
0.16
Current Liabilities
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
6.11 M
3.83 M
Debt To Equity
N/A
0.43
N/A
0.69
N/A
N/A
N/A
N/A
N/A
0.34
Short Ratio
N/A
N/A
N/A
0.7
N/A
0.05
N/A
N/A
0.99
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
69.23
N/A
N/A
N/A
N/A
Market Capitalization
N/A
4.35 B
50.36 M
N/A
N/A
110.76 M
N/A
N/A
182.09 K
10.07 M
Price To Earning
N/A
12.21
N/A
26.83
N/A
N/A
N/A
N/A
-0.7
0.09
Price To Sales
N/A
0.2
N/A
N/A
N/A
N/A
N/A
N/A
21.89
0.44
Net Income
N/A
456 M
N/A
5.2 M
N/A
10.97 M
N/A
N/A
(231.72 M)
5.77 M
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
34.37
N/A
N/A
N/A
N/A
Year To Date Return
6.99
N/A
15.24
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Revenue
N/A
16.03 B
N/A
393.49 M
N/A
N/A
N/A
N/A
80.23 K
19.39 M
Working Capital
N/A
N/A
N/A
N/A
N/A
1.15 M
N/A
N/A
(5.94 M)
15.53 M
Profit Margin
N/A
-0.0209
N/A
0.0094
N/A
N/A
N/A
N/A
N/A
0.39
Current Valuation
N/A
4.75 B
N/A
535.95 M
N/A
111.38 M
N/A
N/A
182.08 K
4.19 M
Price To Book
N/A
0.67
N/A
N/A
N/A
0.68
N/A
N/A
18.03
0.0516
Retained Earnings
N/A
(645.5 M)
N/A
N/A
N/A
(6.9 M)
N/A
N/A
(7.29 M)
(76.95 M)
Current Asset
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
172 K
19.36 M
Cash Position Weight
5.09
N/A
14.28
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Equity Positions Weight
0.45
N/A
61.63
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Shares Outstanding
N/A
1.78 B
N/A
N/A
N/A
9.88 M
N/A
N/A
91.04 M
9.83 K
Annual Yield
0.0044
0.0789
0.0204
0.0972
N/A
N/A
N/A
N/A
N/A
10.7
Return On Equity
N/A
-0.0574
N/A
0.017
N/A
N/A
N/A
N/A
N/A
0.69
Z Score
N/A
0.6
N/A
1.0
N/A
N/A
N/A
N/A
-10.4
-2.2
Book Value Per Share
N/A
3.04
N/A
3.66
N/A
-0.22
N/A
N/A
-0.12
415.98
Number Of Shares Shorted
N/A
N/A
N/A
4.29 K
N/A
5.05 K
N/A
N/A
26.01 K
N/A
Total Asset
6.48 M
51.52 B
215.11 M
355.28 M
35.17 M
250.58 M
N/A
19.36 M
1.48 M
37.35 M
Last Dividend Paid
0.03
N/A
N/A
0.73
N/A
N/A
N/A
N/A
N/A
N/A
Target Price
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.0
N/A
Price To Earnings To Growth
N/A
0.28
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Earnings Per Share
N/A
0.25
N/A
1.17
N/A
0.36
N/A
N/A
-0.12
10991.96
Ten Year Return
5.49
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
3.52 B
N/A
51.31 M
N/A
N/A
N/A
N/A
605
1.89 M
Cash Per Share
N/A
1.97
N/A
3.23
N/A
N/A
N/A
N/A
N/A
158.09
Gross Profit
N/A
(853 M)
N/A
74.67 M
N/A
N/A
N/A
N/A
(9.61 K)
19.39 M
Day Typical Price
7.01
2.58
11.9
22.23
49.23
11.22
89.17
41.11
0.0017
1025.0
Accumulation Distribution
N/A
316.73
N/A
113.46
90.61
94.15
N/A
16.43
201165.0
N/A
Market Facilitation Index
N/A
0.0
N/A
0.0
0.0
0.0
N/A
1.0E-4
N/A
N/A
Daily Balance Of Power
9.2 T
(0.43)
9.2 T
0.7143
0.3333
0.3333
0.0
(1.65)
(0.50)
0.0
Period Momentum Indicator
0.01
(0.03)
0.03
0.25
0.02
0.01
N/A
(0.51)
(0.0003)
N/A
Rate Of Daily Change
1.0
0.99
1.0
1.01
1.0
1.0
1.0
0.99
0.85
1.0
Day Median Price
7.01
2.6
11.9
22.18
49.23
11.23
89.17
41.15
0.0017
1025.0
Price Action Indicator
0.005
(0.05)
0.015
0.3
N/A
N/A
N/A
(0.36)
(0.0001)
N/A
Relative Strength Index
59.78
62.01
57.83
59.96
53.12
33.5
57.38
51.95
58.79
N/A
Coefficient Of Variation
624.48
678.55
889.67
1170.41
(11,462)
42872.79
1316.73
(1,000)
557.11
N/A
Mean Deviation
0.1097
1.93
0.449
0.7529
0.0775
0.1757
0.7044
0.7579
10.19
N/A
Jensen Alpha
0.0151
0.4498
(0.01)
0.0958
(0.01)
(0)
0.091
(0.1)
2.8
N/A
Total Risk Alpha
(0.01)
(0.04)
(0.04)
(0.09)
(0.03)
(0.08)
(0.11)
(0.27)
0.2901
N/A
Sortino Ratio
(0.49)
0.1249
(0.11)
(0.02)
N/A
(0.17)
(0.03)
N/A
0.158
N/A
Downside Variance
0.0412
4.78
0.3013
1.71
N/A
0.5255
1.25
N/A
236.86
N/A
Standard Deviation
0.1504
2.7
0.5833
1.16
0.1002
0.475
1.16
1.02
14.24
N/A
Kurtosis
1.99
2.36
0.1538
5.37
2.84
20.5
9.12
1.94
1.31
N/A
Potential Upside
0.2874
5.61
1.21
2.28
0.1422
0.4394
1.75
1.33
28.57
N/A
Treynor Ratio
(1.62)
(0.71)
0.1013
(1.58)
1.07
0.241
(0.69)
0.9844
(1.15)
N/A
Maximum Drawdown
0.8617
12.99
2.8
7.18
0.5479
4.77
6.86
5.49
62.86
N/A
Variance
0.0226
7.27
0.3403
1.35
0.01
0.2256
1.35
1.04
202.75
N/A
Market Risk Adjusted Performance
(1.61)
(0.70)
0.1113
(1.57)
1.08
0.251
(0.68)
0.9944
(1.14)
N/A
Risk Adjusted Performance
0.0776
0.1138
0.0788
0.0655
(0.07)
(0)
0.0586
(0.07)
0.1392
N/A
Skewness
0.4068
0.9321
0.3353
(0.91)
(0.82)
0.9799
0.03
(0.04)
0.5921
N/A
Semi Deviation
0.0
1.74
0.3905
1.11
N/A
0.3882
0.9942
N/A
9.9
N/A
Information Ratio
(0.67)
0.1012
(0.10)
(0.02)
(1.25)
(0.26)
(0.03)
(0.22)
0.1708
N/A
Value At Risk
(0.29)
(3.52)
(0.84)
(1.20)
(0.12)
(0.53)
(1.19)
(1.70)
(18.18)
N/A
Expected Short fall
(0.18)
(2.85)
(0.59)
(0.81)
N/A
(0.29)
(0.84)
N/A
(16.01)
N/A
Downside Deviation
0.2029
2.19
0.5489
1.31
N/A
0.7249
1.12
N/A
15.39
N/A
Semi Variance
(0.01)
3.03
0.1525
1.24
N/A
0.1507
0.9884
N/A
98.05
N/A

Voya High Competition Performance Charts

Five steps to successful analysis of Voya High Competition

Voya High's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Voya High Yield in relation to its competition. Voya High's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Voya High in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Voya High's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Voya High Yield, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Voya High position

In addition to having Voya High in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Health Care ETFs Thematic Idea Now

Health Care ETFs
Health Care ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Health Care ETFs theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Health Care ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Voya Mutual Fund

Voya High financial ratios help investors to determine whether Voya Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Voya with respect to the benefits of owning Voya High security.
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