Voya Global Advantage Etf Beneish M Score

IGA Etf  USD 9.83  0.14  1.44%   
This module uses fundamental data of Voya Global to approximate the value of its Beneish M Score. Voya Global M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Voya Global Piotroski F Score and Voya Global Altman Z Score analysis.
  
At this time, Voya Global's M Score is inapplicable. The earnings manipulation may begin if Voya Global's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Voya Global executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Voya Global's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
Elasticity of Receivables

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Asset Quality

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Expense Coverage

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Gross Margin Strengs

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Accruals Factor

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Depreciation Resistance

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Net Sales Growth

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Financial Leverage Condition

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Fundamental Analysis

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About Voya Global Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Voya Global Advantage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Voya Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Voya Global Advantage based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Other Information on Investing in Voya Etf

Voya Global financial ratios help investors to determine whether Voya Etf 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 Global security.