Voya Asia Pacific Fund Market Value
| IAE Fund | USD 6.03 0.03 0.50% |
| Symbol | Voya |
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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Voya Asia on March 25, 2024 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 BlackRock Floating, Eaton Vance, and Eaton Vance. 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 | 0.8727 | |||
| Information Ratio | 0.0364 | |||
| Maximum Drawdown | 3.73 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.52 |
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 | 0.1002 | |||
| Jensen Alpha | 0.0543 | |||
| Total Risk Alpha | 0.0062 | |||
| Sortino Ratio | 0.0328 | |||
| Treynor Ratio | 0.1629 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Voya Asia Pacific Backtested Returns
We consider Voya Asia not too volatile. Voya Asia Pacific owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Voya Asia Pacific, which you can use to evaluate the volatility of the fund. Please validate Voya Asia's Coefficient Of Variation of 635.44, semi deviation of 0.6364, and Risk Adjusted Performance of 0.1002 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 0.7, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Voya Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Asia is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
Voya Asia Pacific has very weak predictability. Overlapping area represents the amount of predictability between Voya Asia 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 Asia Pacific price movement. The serial correlation of 0.16 indicates that over 16.0% of current Voya Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.05 | |
| 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 has exhibited high autocorrelation historically, and you observe that the fund 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 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 |
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Try AI Portfolio ArchitectCheck out 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 the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.