Voya Global Perspectives Fund Market Value

IPIRX Fund  USD 9.14  0.03  0.33%   
Voya Global's market value is the price at which a share of Voya Global trades on a public exchange. It measures the collective expectations of Voya Global Perspectives investors about its performance. Voya Global is trading at 9.14 as of the 12th of December 2024; that is 0.33 percent increase since the beginning of the trading day. The fund's open price was 9.11.
With this module, you can estimate the performance of a buy and hold strategy of Voya Global Perspectives and determine expected loss or profit from investing in Voya Global over a given investment horizon. Check out Voya Global Correlation, Voya Global Volatility and Voya Global Alpha and Beta module to complement your research on Voya Global.
Symbol

Please note, there is a significant difference between Voya Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Global'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 Global '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 Global's mutual fund 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 Global.
0.00
11/12/2024
No Change 0.00  0.0 
In 31 days
12/12/2024
0.00
If you would invest  0.00  in Voya Global on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Global Perspectives or generate 0.0% return on investment in Voya Global over 30 days. Voya Global is related to or competes with Voya Bond, Voya Bond, Voya Limited, Voya Limited, Voya Bond, Voya Limited, and Voya Emerging. The fund normally invests the assets of the portfolio in a combination of underlying funds that invest directly in secur... More

Voya Global 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 Global's mutual fund 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 Global Perspectives upside and downside potential and time the market with a certain degree of confidence.

Voya Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Global's standard deviation. In reality, there are many statistical measures that can use Voya Global historical prices to predict the future Voya Global's volatility.
Hype
Prediction
LowEstimatedHigh
8.699.149.59
Details
Intrinsic
Valuation
LowRealHigh
8.669.119.56
Details
Naive
Forecast
LowNextHigh
8.709.159.60
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.009.129.23
Details

Voya Global Perspectives Backtested Returns

At this stage we consider Voya Mutual Fund to be very steady. Voya Global Perspectives owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Voya Global Perspectives, which you can use to evaluate the volatility of the fund. Please validate Voya Global's Semi Deviation of 0.2217, coefficient of variation of 739.57, and Risk Adjusted Performance of 0.0914 to confirm if the risk estimate we provide is consistent with the expected return of 0.0504%. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Voya Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Global is expected to be smaller as well.

Auto-correlation

    
  -0.4  

Poor reverse predictability

Voya Global Perspectives has poor reverse predictability. Overlapping area represents the amount of predictability between Voya Global time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Global Perspectives price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Voya Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.4
Spearman Rank Test0.1
Residual Average0.0
Price Variance0.0

Voya Global Perspectives lagged returns against current returns

Autocorrelation, which is Voya Global mutual fund'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 Global's mutual fund expected returns. We can calculate the autocorrelation of Voya Global returns to help us make a trade decision. For example, suppose you find that Voya Global has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Voya Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Voya Global Lagged Returns

When evaluating Voya Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Global mutual fund have on its future price. Voya Global 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 Global autocorrelation shows the relationship between Voya Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Global Perspectives.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Voya Mutual Fund

Voya Global 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 Global security.
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