Voya High Yield Fund Manager Performance Evaluation
| IMYCX Fund | USD 6.96 0.01 0.14% |
The entity has a beta of -0.0204, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voya High are expected to decrease at a much lower rate. During the bear market, Voya High is likely to outperform the market.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Voya High Yield are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Voya High is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 31st of July 2022 | |
| Expense Ratio | 1.7900 |
Voya |
Voya High Relative Risk vs. Return Landscape
If you would invest 688.00 in Voya High Yield on August 24, 2024 and sell it today you would earn a total of 8.00 from holding Voya High Yield or generate 1.16% return on investment over 90 days. Voya High Yield is currently producing 0.0185% returns and takes up 0.1561% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Voya, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Voya High Current Valuation
Overvalued
Today
Please note that Voya High's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Voya High Yield has a current Real Value of $6.4 per share. The regular price of the fund is $6.96. We determine the value of Voya High Yield from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Voya High is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Voya Mutual Fund. However, Voya High's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 6.96 | Real 6.4 | Hype 6.96 | Naive 6.94 |
The intrinsic value of Voya High's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Voya High's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Voya High Yield helps investors to forecast how Voya mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Voya High more accurately as focusing exclusively on Voya High's fundamentals will not take into account other important factors: Voya High Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya High's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Voya High Yield, and traders can use it to determine the average amount a Voya High's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1184
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | IMYCX |
Estimated Market Risk
| 0.16 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Voya High is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Voya High by adding it to a well-diversified portfolio.
Voya High Fundamentals Growth
Voya Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Voya High, and Voya High fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Voya Mutual Fund performance.
| Total Asset | 6.48 M | |||
About Voya High Performance
Evaluating Voya High's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Voya High has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Voya High has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund invests at least 80 percent of its net assets in a diversified portfolio of high-yield bonds commonly known as junk bonds. High-yield bonds are debt instruments that, at the time of purchase, are not rated by a nationally recognized statistical rating organization or are rated below investment-grade or have an equivalent rating by a NRSRO.Things to note about Voya High Yield performance evaluation
Checking the ongoing alerts about Voya High for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Voya High Yield help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains about 5.09% of its assets under management (AUM) in cash |
- Analyzing Voya High's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Voya High's stock is overvalued or undervalued compared to its peers.
- Examining Voya High's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Voya High's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Voya High's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Voya High's mutual fund. These opinions can provide insight into Voya High's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Voya Mutual Fund
Voya High 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 High security.
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