Voya Global Advantage Etf Profile

IGA Etf  USD 9.04  0.08  0.89%   

Performance

13 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 34

 
100  
 
Zero
Below Average
Voya Global is trading at 9.04 as of the 29th of March 2024, a 0.89 percent increase since the beginning of the trading day. The etf's open price was 8.96. Voya Global has about a 34 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Voya Global Advantage are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Voya Global Advantage and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. VOYA Global is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange. The company has 16.38 M outstanding shares of which 17.52 K shares are currently shorted by investors with about 0.28 days to cover. More on Voya Global Advantage

Moving together with Voya Etf

  0.64IYC IShares US ConsumerPairCorr
  0.68IXJ IShares Global HealthcarePairCorr

Moving against Voya Etf

  0.72HHH Howard Hughes Symbol ChangePairCorr
  0.7NYC New York City Financial Report 10th of May 2024 PairCorr

Voya Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Voya Global's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Voya Global or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chief Executive OfficerMichael Bell
Business ConcentrationDerivative Income, Asset Management, Financial Services (View all Sectors)
Update Date31st of March 2024
Nav10.23
Prev Close Price8.86
Country NameUSA
CodeIGA
I S I NUS92912R1041
NameVoya Global Advantage and Premium Opportunity Fund
Currency NameUS Dollar
Currency CodeUSD
Open FigiBBG000HRY771
TypeFUND
Expense Ratio0.97
Voya Global Advantage [IGA] is traded in USA and was established 2005-10-26. The fund is not classified under any group at the present time. Voya Global Advantage currently have in assets under management (AUM). The fund is currently generating return of 5.25% with the current yeild of 0.01%, while the total return for the last 3 years was 7.8%.
Check Voya Global Probability Of Bankruptcy

Voya Global Target Price Odds Analysis

What are Voya Global's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Voya Global jumping above the current price in 90 days from now is near 1%. The Voya Global Advantage probability density function shows the probability of Voya Global etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Voya Global has a beta of 0.5962. This usually indicates as returns on the market go up, Voya Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Voya Global Advantage will be expected to be much smaller as well. Additionally, voya Global Advantage has an alpha of 0.0265, implying that it can generate a 0.0265 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 9.04HorizonTargetOdds Above 9.04
99.98%90 days
 9.04 
0.02%
Based on a normal probability distribution, the odds of Voya Global to move above the current price in 90 days from now is near 1 (This Voya Global Advantage probability density function shows the probability of Voya Etf to fall within a particular range of prices over 90 days) .

Voya Global Advantage Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Voya Global market risk premium is the additional return an investor will receive from holding Voya Global long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Voya Global. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Voya Global's alpha and beta are two of the key measurements used to evaluate Voya Global's performance over the market, the standard measures of volatility play an important role as well.

Voya Global Against Markets

Picking the right benchmark for Voya Global etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Voya Global etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Voya Global is critical whether you are bullish or bearish towards Voya Global Advantage at a given time. Please also check how Voya Global's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Voya Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Analyst Advice Now

   

Analyst Advice

Analyst recommendations and target price estimates broken down by several categories
All  Next Launch Module

How to buy Voya Etf?

Before investing in Voya Global, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Voya Global. To buy Voya Global etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Voya Global. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Voya Global etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Voya Global Advantage etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Voya Global Advantage etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Voya Global Advantage, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Voya Global Advantage?

The danger of trading Voya Global Advantage is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Voya Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Voya Global. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Voya Global Advantage is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Voya Global Advantage. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Voya Global Advantage information on this page should be used as a complementary analysis to other Voya Global'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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Complementary Tools for Voya Etf analysis

When running Voya Global's price analysis, check to measure Voya Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Voya Global is operating at the current time. Most of Voya Global's value examination focuses on studying past and present price action to predict the probability of Voya Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Voya Global's price. Additionally, you may evaluate how the addition of Voya Global to your portfolios can decrease your overall portfolio volatility.
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Stocks Directory
Find actively traded stocks across global markets
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
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.