Voya Natural Resources Fund Gross Profit
Voya Natural Resources fundamentals help investors to digest information that contributes to Voya Natural's financial success or failures. It also enables traders to predict the movement of Voya Fund. The fundamental analysis module provides a way to measure Voya Natural's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Voya Natural fund.
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Voya Natural Resources Fund Gross Profit Analysis
Voya Natural's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Current Voya Natural Gross Profit | 87.53 M |
Most of Voya Natural's fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Voya Natural Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
CompetitionVoya Natural Gross Profit Component Assessment
According to the company disclosure, Voya Natural Resources reported 87.53 M of gross profit. This is 99.97% lower than that of the Financial Services family and 95.83% lower than that of the Asset Management category. The gross profit for all United States funds is 99.68% higher than that of the company.
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Voya Fundamentals
| Shares Outstanding | 22.35 M | |||
| Shares Owned By Institutions | 31.36 % | |||
| Number Of Shares Shorted | 2.37 K | |||
| Gross Profit | 87.53 M | |||
| Short Ratio | 0.01 X | |||
| Number Of Employees | 23 | |||
| Beta | 1.41 | |||
| Market Capitalization | 82.91 M | |||
| Five Year Return | 12.41 % | |||
| Last Dividend Paid | 0.31 |
Pair Trading with Voya Natural
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Voya Natural position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Voya Natural will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sysco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sysco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sysco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sysco to buy it.
The correlation of Sysco is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sysco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sysco moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sysco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Other Consideration for investing in Voya Fund
If you are still planning to invest in Voya Natural Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Voya Natural's history and understand the potential risks before investing.
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