Voya Asia Pacific Fund Market Value
| IAE Fund | USD 6.11 0.03 0.49% |
| Symbol | Voya |
Voya Asia '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 Asia's 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 Asia.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Voya Asia on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Asia Pacific or generate 0.0% return on investment in Voya Asia over 30 days. Voya Asia is related to or competes with Gabelli Multimedia, Gabelli Equity, Virtus AllianzGI, Gabelli Equity, Oxford Lane, Nuveen Global, and Torrent Capital. Voya Asia Pacific High Dividend Equity Income Fund is a closed-ended equity mutual fund launched by Voya Investment Mana... More
Voya Asia 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 Asia's 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 Asia Pacific upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.72 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.3 |
Voya Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Asia's standard deviation. In reality, there are many statistical measures that can use Voya Asia historical prices to predict the future Voya Asia's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.76) |
Voya Asia Pacific Backtested Returns
Voya Asia Pacific owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0891, which indicates the fund had a -0.0891 % return per unit of risk over the last 3 months. Voya Asia Pacific exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voya Asia's Coefficient Of Variation of (976.04), variance of 0.77, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Voya Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Asia is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Voya Asia Pacific has poor predictability. Overlapping area represents the amount of predictability between Voya Asia time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. 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 Asia Pacific price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Voya Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Voya Asia Pacific lagged returns against current returns
Autocorrelation, which is Voya Asia 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 Asia's fund expected returns. We can calculate the autocorrelation of Voya Asia returns to help us make a trade decision. For example, suppose you find that Voya Asia has exhibited high autocorrelation historically, and you observe that the 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 Asia 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 Asia fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Asia fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Voya Asia fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Asia Lagged Returns
When evaluating Voya Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Asia fund have on its future price. Voya Asia 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 Asia autocorrelation shows the relationship between Voya Asia fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Asia Pacific.
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 Fund
Voya Asia financial ratios help investors to determine whether Voya 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 Asia security.
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