Voya Infrastructure Industrials Etf Market Value
| IDE Etf | USD 10.31 0.09 0.87% |
| Symbol | 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 '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 Infrastructure'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 Infrastructure.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Voya Infrastructure on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Infrastructure Industrials or generate 0.0% return on investment in Voya Infrastructure over 30 days. Voya Infrastructure is related to or competes with Apollo Senior, Eaton Vance, Pioneer Floating, Eaton Vance, NXG NextGen, GAMCO Natural, and MFS Investment. Voya Infrastructure, Industrials and Materials Fund is a closed-ended equity mutual fund launched by Voya Investment Man... More
Voya Infrastructure 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 Infrastructure'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 Infrastructure Industrials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8062 | |||
| Information Ratio | 0.037 | |||
| Maximum Drawdown | 2.63 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.05 |
Voya Infrastructure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Infrastructure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Infrastructure's standard deviation. In reality, there are many statistical measures that can use Voya Infrastructure historical prices to predict the future Voya Infrastructure's volatility.| Risk Adjusted Performance | 0.1113 | |||
| Jensen Alpha | 0.0518 | |||
| Total Risk Alpha | 0.0174 | |||
| Sortino Ratio | 0.0312 | |||
| Treynor Ratio | 0.1606 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Infrastructure's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Voya Infrastructure Backtested Returns
We consider Voya Infrastructure very steady. Voya Infrastructure owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Voya Infrastructure Industrials, which you can use to evaluate the volatility of the etf. Please validate Voya Infrastructure's Risk Adjusted Performance of 0.1113, semi deviation of 0.5515, and Coefficient Of Variation of 564.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.0977%. The entity has a beta of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Voya Infrastructure's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Infrastructure is expected to be smaller as well.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Voya Infrastructure Industrials has insignificant reverse predictability. Overlapping area represents the amount of predictability between Voya Infrastructure time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Infrastructure price movement. The serial correlation of -0.19 indicates that over 19.0% of current Voya Infrastructure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Voya Infrastructure lagged returns against current returns
Autocorrelation, which is Voya Infrastructure 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 Infrastructure's etf expected returns. We can calculate the autocorrelation of Voya Infrastructure returns to help us make a trade decision. For example, suppose you find that Voya Infrastructure 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 Infrastructure 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 Infrastructure etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Infrastructure etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Voya Infrastructure etf over time.
Current vs Lagged Prices |
| Timeline |
Voya Infrastructure Lagged Returns
When evaluating Voya Infrastructure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Infrastructure etf have on its future price. Voya Infrastructure 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 Infrastructure autocorrelation shows the relationship between Voya Infrastructure etf current value and its past values and can show if there is a momentum factor associated with investing in Voya Infrastructure Industrials.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Voya Infrastructure in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Voya Infrastructure's short interest history, or implied volatility extrapolated from Voya Infrastructure options trading.
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Try AI Portfolio ArchitectCheck out Voya Infrastructure Correlation, Voya Infrastructure Volatility and Voya Infrastructure Alpha and Beta module to complement your research on Voya Infrastructure. Note that the Voya Infrastructure information on this page should be used as a complementary analysis to other Voya Infrastructure's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Voya Infrastructure technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.