Voya Asia Fund Market Value

IAE Fund

USD 6.19 0.02 0.32%

Voya Asia's market value is the price at which a share of Voya Asia stock trades on a public exchange. It measures the collective expectations of Voya Asia Pacific investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Voya Asia Pacific and determine expected loss or profit from investing in Voya Asia over a given investment horizon. Please see Voya Asia Correlation, Voya Asia Volatility and Voya Asia Alpha and Beta module to complement your research on Voya Asia.

Symbol

Please note, there is a significant difference between Voya Asia's value and its price as these two are different measures arrived at by different means. Investors typically determine Voya Asia value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Asia'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 Asia '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 Asia's 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 Asia.

0.00

02/18/2023

No Change 0.00

0.0

In 30 days

03/20/2023

0.00

If you would invest 0.00 in Voya Asia on February 18, 2023 and sell it all today you would earn a total of 0.00 from holding Voya Asia Pacific or generate 0.0% return on investment in Voya Asia over 30 days. Voya Asia is related to or competes with Pfizer, Morningstar Unconstrained, Evoqua Water, and SAAT CONSERVATIVE. Voya Asia Pacific High Dividend Equity Income Fund is a closed-ended equity mutual fund launched by Voya Investment Mana... More

Voya Asia 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 Asia's 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 Asia Pacific upside and downside potential and time the market with a certain degree of confidence.

	Downside Deviation	1.14
	Information Ratio	0.0837
	Maximum Drawdown	5.08
	Value At Risk	(1.66)
	Potential Upside	2.05

Voya Asia Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Asia's standard deviation. In reality, there are many statistical measures that can use Voya Asia historical prices to predict the future Voya Asia's volatility.

	Risk Adjusted Performance	0.011
	Jensen Alpha	0.0575
	Total Risk Alpha	0.1125
	Sortino Ratio	0.0826
	Treynor Ratio	0.0019

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Voya Asia'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. Please use the tools below to analyze the current value of Voya Asia in the context of predictive analytics.

Hype

Prediction

Low	Estimated Value	High
5.04	6.19	7.34

Details

Intrinsic

Valuation

Low	Real Value	High
5.16	6.31	7.46

Details

Naive

Forecast

Low	Next Value	High
4.92	6.07	7.22

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
6.12	6.20	6.27

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Voya Asia. Your research has to be compared to or analyzed against Voya Asia's peers to derive any actionable benefits. When done correctly, Voya Asia's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Voya Asia Pacific.

Voya Asia Pacific Backtested Returns

We consider Voya Asia not too volatile. Voya Asia Pacific owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0218, which indicates the fund had 0.0218% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Voya Asia Pacific, which you can use to evaluate the future volatility of the fund. Please validate Voya Asia Risk Adjusted Performance of 0.011, semi deviation of 1.07, and Coefficient Of Variation of 10110.26 to confirm if the risk estimate we provide is consistent with the expected return of 0.0252%.

The entity has a beta of 0.6039, which indicates possible diversification benefits within a given portfolio. Let's try to break down what Voya Asia's beta means in this case. As returns on the market increase, Voya Asia returns are expected to increase less than the market. However, during the bear market, the loss on holding Voya Asia will be expected to be smaller as well. Although it is important to respect Voya Asia Pacific current price movements, it is better to be realistic regarding the information on the equity's historical returns. The philosophy towards measuring future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Voya Asia Pacific technical indicators, you can presently evaluate if the expected return of 0.0252% will be sustainable into the future.

Auto-correlation

-0.24

Weak reverse predictability

Voya Asia Pacific has weak reverse predictability. Overlapping area represents the amount of predictability between Voya Asia time series from 18th of February 2023 to 5th of March 2023 and 5th of March 2023 to 20th of March 2023. 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 Asia Pacific price movement. The serial correlation of -0.24 indicates that over 24.0% of current Voya Asia price fluctuation can be explain by its past prices.

	Correlation Coefficient	-0.24
	Spearman Rank Test	-0.38
	Residual Average	0.0
	Price Variance	0.01

Voya Asia Pacific lagged returns against current returns

Autocorrelation, which is Voya Asia 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 Asia's fund expected returns. We can calculate the autocorrelation of Voya Asia returns to help us make a trade decision. For example, suppose you find that Voya Asia fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.

Current and Lagged Values

Timeline

Voya Asia 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 Asia fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Asia fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Voya Asia fund over time.

Current vs Lagged Prices

Timeline

Voya Asia Lagged Returns

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

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 Asia 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 Asia's short interest history, or implied volatility extrapolated from Voya Asia options trading.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Voya Asia Pacific using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please see Voya Asia Correlation, Voya Asia Volatility and Voya Asia Alpha and Beta module to complement your research on Voya Asia. Note that the Voya Asia Pacific information on this page should be used as a complementary analysis to other Voya Asia'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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Voya Asia Fund analysis

When running Voya Asia Pacific price analysis, check to measure Voya Asia'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 Asia is operating at the current time. Most of Voya Asia's value examination focuses on studying past and present price action to predict the probability of Voya Asia's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Voya Asia's price. Additionally, you may evaluate how the addition of Voya Asia to your portfolios can decrease your overall portfolio volatility.

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Voya Asia technical fund 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, fund market cycles, or different charting patterns.

Volatility Indicators

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Value Movement

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A focus of Voya Asia technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Voya Asia trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

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Voya Asia Fund Market Value

Voya Asia 'What if' Analysis

Voya Asia Upside/Downside Indicators

Voya Asia Market Risk Indicators

Voya Asia Pacific Backtested Returns

Auto-correlation

Weak reverse predictability

Voya Asia Pacific lagged returns against current returns

Voya Asia regressed lagged prices vs. current prices

Voya Asia Lagged Returns

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Voya Asia Fund analysis

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