Voya Infrastructure Price To Earning vs. Beta
| IDE Etf | USD 10.97 0.08 0.72% |
For Voya Infrastructure profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Voya Infrastructure to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Voya Infrastructure Industrials utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Voya Infrastructure's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Voya Infrastructure Industrials over time as well as its relative position and ranking within its peers.
Voya |
The market value of Voya Infrastructure 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 Infrastructure's value that differs from its market value or its book value, called intrinsic value, which is Voya Infrastructure'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 Infrastructure's market value can be influenced by many factors that don't directly affect Voya Infrastructure'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 Infrastructure's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Infrastructure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Infrastructure'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 Infrastructure Beta vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Voya Infrastructure's current stock value. Our valuation model uses many indicators to compare Voya Infrastructure value to that of its competitors to determine the firm's financial worth. Voya Infrastructure Industrials is rated fourth overall ETF in price to earning as compared to similar ETFs. It is considered the top ETF in beta as compared to similar ETFs totaling about 0.14 of Beta per Price To Earning. The ratio of Price To Earning to Beta for Voya Infrastructure Industrials is roughly 7.09 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Voya Infrastructure by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Voya Beta vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Voya Infrastructure |
| = | 8.15 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Voya Infrastructure |
| = | 1.15 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Voya Beta Comparison
Voya Infrastructure is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
Voya Infrastructure returns are very sensitive to returns on the market. As the market goes up or down, Voya Infrastructure is expected to follow.
Voya Infrastructure Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Voya Infrastructure, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Voya Infrastructure will eventually generate negative long term returns. The profitability progress is the general direction of Voya Infrastructure's change in net profit over the period of time. It can combine multiple indicators of Voya Infrastructure, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Voya Infrastructure, Industrials and Materials Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and Voya Investment Management Co. LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the infrastructure, industrials, and materials sectors. It primarily invests in value stocks of companies. The fund also invests through derivatives having economic characteristics similar to the equity securities, such as call options on selected indices andor exchange-traded funds. It employs fundamental analysis with a bottom-up stock picking approach, focusing on factors like growth prospects, resilient earnings potential across market cycles, disciplined capital allocation management, and a strong competitive position to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI All Country World Index. It was formerly known as ING Infrastructure, Industrials and Materials Fund. Voya Infrastructure, Industrials and Materials Fund was formed on January 26, 2010 and is domiciled in the United States.
Voya Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Voya Infrastructure. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Voya Infrastructure position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Voya Infrastructure's important profitability drivers and their relationship over time.
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Use Voya Infrastructure in pair-trading
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 Infrastructure 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 Infrastructure will appreciate offsetting losses from the drop in the long position's value.Voya Infrastructure Pair Trading
Voya Infrastructure Industrials Pair Trading Analysis
The ability to find closely correlated positions to Voya Infrastructure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Voya Infrastructure 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 Voya Infrastructure - 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 Voya Infrastructure Industrials to buy it.
The correlation of Voya Infrastructure 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 Voya Infrastructure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Voya Infrastructure 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 Voya Infrastructure 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.Use Investing Themes to Complement your Voya Infrastructure position
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Other Information on Investing in Voya Etf
To fully project Voya Infrastructure's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Voya Infrastructure at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Voya Infrastructure's income statement, its balance sheet, and the statement of cash flows.