Voya Gnma Income Fund Market Value

VGMBX Fund  USD 7.29  0.02  0.27%   
Voya Gnma's market value is the price at which a share of Voya Gnma trades on a public exchange. It measures the collective expectations of Voya Gnma Income investors about its performance. Voya Gnma is trading at 7.29 as of the 24th of December 2024; that is 0.27% down since the beginning of the trading day. The fund's open price was 7.31.
With this module, you can estimate the performance of a buy and hold strategy of Voya Gnma Income and determine expected loss or profit from investing in Voya Gnma over a given investment horizon. Check out Voya Gnma Correlation, Voya Gnma Volatility and Voya Gnma Alpha and Beta module to complement your research on Voya Gnma.
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Please note, there is a significant difference between Voya Gnma's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Gnma is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Gnma'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 Gnma '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 Gnma'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 Gnma.
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11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
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If you would invest  0.00  in Voya Gnma on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Gnma Income or generate 0.0% return on investment in Voya Gnma over 30 days. Voya Gnma is related to or competes with Voya Bond, Voya Bond, Voya Limited, Voya Limited, Voya Bond, Voya Limited, and Voya Emerging. Under normal market conditions, the fund invests at least 80 percent of its net assets in GNMA Certificates More

Voya Gnma 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 Gnma'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 Gnma Income upside and downside potential and time the market with a certain degree of confidence.

Voya Gnma Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Gnma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Gnma's standard deviation. In reality, there are many statistical measures that can use Voya Gnma historical prices to predict the future Voya Gnma's volatility.
Hype
Prediction
LowEstimatedHigh
6.977.297.61
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Intrinsic
Valuation
LowRealHigh
7.007.327.64
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Voya Gnma. Your research has to be compared to or analyzed against Voya Gnma's peers to derive any actionable benefits. When done correctly, Voya Gnma's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Voya Gnma Income.

Voya Gnma Income Backtested Returns

Voya Gnma Income owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the fund had a -0.16% return per unit of risk over the last 3 months. Voya Gnma Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voya Gnma's Risk Adjusted Performance of (0.15), variance of 0.0968, and Coefficient Of Variation of (569.74) to confirm the risk estimate we provide. The entity has a beta of 0.077, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Voya Gnma's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Gnma is expected to be smaller as well.

Auto-correlation

    
  -0.9  

Excellent reverse predictability

Voya Gnma Income has excellent reverse predictability. Overlapping area represents the amount of predictability between Voya Gnma time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Gnma Income price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Voya Gnma price fluctuation can be explain by its past prices.
Correlation Coefficient-0.9
Spearman Rank Test-0.99
Residual Average0.0
Price Variance0.0

Voya Gnma Income lagged returns against current returns

Autocorrelation, which is Voya Gnma 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 Gnma's mutual fund expected returns. We can calculate the autocorrelation of Voya Gnma returns to help us make a trade decision. For example, suppose you find that Voya Gnma 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 Gnma 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 Gnma mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Gnma 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 Gnma mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Voya Gnma Lagged Returns

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

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Other Information on Investing in Voya Mutual Fund

Voya Gnma 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 Gnma security.
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