Voya Infrastructure Industrials Etf Market Value
| IDE Etf | USD 10.88 0.15 1.40% |
| Symbol | Voya |
The market value of Voya Infrastructure is measured differently than its book value, which is the value of Voya that is recorded on the company's balance sheet. Investors also form their own opinion of Voya Infrastructure's value that differs from its market value or its book value, called intrinsic value, which is Voya Infrastructure's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Voya Infrastructure's market value can be influenced by many factors that don't directly affect Voya Infrastructure's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Voya Infrastructure's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Infrastructure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Infrastructure's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Voya Infrastructure 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Voya Infrastructure's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Voya Infrastructure.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Voya Infrastructure on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Infrastructure Industrials or generate 0.0% return on investment in Voya Infrastructure over 30 days. Voya Infrastructure is related to or competes with Voya Emerging, Voya Asia, Voya Global, and John Hancock. Voya Infrastructure, Industrials and Materials Fund is a closed-ended equity mutual fund launched by Voya Investment Man... More
Voya Infrastructure Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Voya Infrastructure's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Voya Infrastructure Industrials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.31 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.68 |
Voya Infrastructure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Infrastructure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Infrastructure's standard deviation. In reality, there are many statistical measures that can use Voya Infrastructure historical prices to predict the future Voya Infrastructure's volatility.| Risk Adjusted Performance | 0.0606 | |||
| Jensen Alpha | 0.1006 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.80) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Infrastructure'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.
Voya Infrastructure Backtested Returns
At this point, Voya Infrastructure is not too volatile. Voya Infrastructure owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0407, which indicates the etf had a 0.0407% return per unit of risk over the last 3 months. We have found thirty technical indicators for Voya Infrastructure Industrials, which you can use to evaluate the volatility of the etf. Please validate Voya Infrastructure's Coefficient Of Variation of 1281.56, risk adjusted performance of 0.0606, and Semi Deviation of 1.38 to confirm if the risk estimate we provide is consistent with the expected return of 0.0493%. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voya Infrastructure are expected to decrease at a much lower rate. During the bear market, Voya Infrastructure is likely to outperform the market.
Auto-correlation | -0.46 |
Modest reverse predictability
Voya Infrastructure Industrials has modest reverse predictability. Overlapping area represents the amount of predictability between Voya Infrastructure time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Voya Infrastructure price movement. The serial correlation of -0.46 indicates that about 46.0% of current Voya Infrastructure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Voya Infrastructure lagged returns against current returns
Autocorrelation, which is Voya Infrastructure etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Voya Infrastructure's etf expected returns. We can calculate the autocorrelation of Voya Infrastructure returns to help us make a trade decision. For example, suppose you find that Voya Infrastructure has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Voya Infrastructure regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Voya Infrastructure etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Infrastructure etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Voya Infrastructure etf over time.
Current vs Lagged Prices |
| Timeline |
Voya Infrastructure Lagged Returns
When evaluating Voya Infrastructure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Infrastructure etf have on its future price. Voya Infrastructure autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Voya Infrastructure autocorrelation shows the relationship between Voya Infrastructure etf current value and its past values and can show if there is a momentum factor associated with investing in Voya Infrastructure Industrials.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Voya Etf
Voya Infrastructure 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 Infrastructure security.