Voya Bond Index Fund Market Value

ILUAX Fund  USD 8.98  0.01  0.11%   
Voya Bond's market value is the price at which a share of Voya Bond trades on a public exchange. It measures the collective expectations of Voya Bond Index investors about its performance. Voya Bond is trading at 8.98 as of the 25th of November 2024; that is 0.11 percent up since the beginning of the trading day. The fund's open price was 8.97.
With this module, you can estimate the performance of a buy and hold strategy of Voya Bond Index and determine expected loss or profit from investing in Voya Bond over a given investment horizon. Check out Voya Bond Correlation, Voya Bond Volatility and Voya Bond Alpha and Beta module to complement your research on Voya Bond.
Symbol

Please note, there is a significant difference between Voya Bond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Bond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Bond'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 Bond '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 Bond'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 Bond.
0.00
12/01/2023
No Change 0.00  0.0 
In 11 months and 26 days
11/25/2024
0.00
If you would invest  0.00  in Voya Bond on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Voya Bond Index or generate 0.0% return on investment in Voya Bond over 360 days. Voya Bond is related to or competes with Voya Bond, Voya Limited, Voya Limited, Voya Limited, Voya Emerging, and Voya Multi-manager. The fund invests at least 80 percent of its net assets in investment-grade debt instruments rated at least A by Moodys Investors Service, Inc., at least A by SP Global Ratings, or are of comparable quality if unrated, which are at the time of purchase, included in the index derivatives whose economic returns are, by design, closely equivalent to the returns of the index or its components and exchange-traded funds that track the index. More

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

Voya Bond Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Bond's standard deviation. In reality, there are many statistical measures that can use Voya Bond historical prices to predict the future Voya Bond's volatility.
Hype
Prediction
LowEstimatedHigh
8.688.989.28
Details
Intrinsic
Valuation
LowRealHigh
8.278.579.88
Details
Naive
Forecast
LowNextHigh
8.678.979.26
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.978.988.99
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Voya Bond. Your research has to be compared to or analyzed against Voya Bond's peers to derive any actionable benefits. When done correctly, Voya Bond'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 Bond Index.

Voya Bond Index Backtested Returns

Voya Bond Index 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. Voya Bond Index exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voya Bond's Risk Adjusted Performance of (0.09), variance of 0.0889, and Coefficient Of Variation of (1,066) to confirm the risk estimate we provide. The entity has a beta of -0.0877, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voya Bond are expected to decrease at a much lower rate. During the bear market, Voya Bond is likely to outperform the market.

Auto-correlation

    
  -0.23  

Weak reverse predictability

Voya Bond Index has weak reverse predictability. Overlapping area represents the amount of predictability between Voya Bond time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Bond Index price movement. The serial correlation of -0.23 indicates that over 23.0% of current Voya Bond price fluctuation can be explain by its past prices.
Correlation Coefficient-0.23
Spearman Rank Test-0.03
Residual Average0.0
Price Variance0.03

Voya Bond Index lagged returns against current returns

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

Voya Bond Lagged Returns

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

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Other Information on Investing in Voya Mutual Fund

Voya Bond 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 Bond security.
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