Voya Global Advantage Etf Market Value
| IGA Etf | USD 9.64 0.02 0.21% |
| Symbol | Voya |
The market value of Voya Global Advantage 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Voya Global'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 Global's market value can be influenced by many factors that don't directly affect Voya Global'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 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 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 Global.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Voya Global on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Voya Global Advantage or generate 0.0% return on investment in Voya Global over 720 days. Voya Global is related to or competes with Western Asset, Western Asset, Western Asset, Voya Global, Gabelli Dividend, Invesco California, and John Hancock. Voya Global Advantage and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Mana... 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 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 Global Advantage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5732 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 2.65 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 1.18 |
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.| Risk Adjusted Performance | 0.1089 | |||
| Jensen Alpha | 0.0361 | |||
| Total Risk Alpha | (0.0005) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1823 |
Voya Global Advantage Backtested Returns
At this point, Voya Global is very steady. Voya Global Advantage owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Global Advantage, which you can use to evaluate the volatility of the etf. Please validate Voya Global's Risk Adjusted Performance of 0.1089, semi deviation of 0.374, and Coefficient Of Variation of 684.86 to confirm if the risk estimate we provide is consistent with the expected return of 0.0766%. The entity has a beta of 0.44, 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 | -0.05 |
Very weak reverse predictability
Voya Global Advantage has very weak reverse predictability. Overlapping area represents the amount of predictability between Voya Global time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 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 Advantage price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Voya Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Voya Global Advantage lagged returns against current returns
Autocorrelation, which is Voya Global 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 Global's etf 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 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Voya Global etf 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 etf 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 etf current value and its past values and can show if there is a momentum factor associated with investing in Voya Global Advantage.
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 Global 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 Global security.