Voya Emerging Markets Fund Market Value
| IEPIX Fund | USD 10.02 0.05 0.50% |
| Symbol | Voya |
Voya Emerging '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 Emerging's mutual 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 Emerging.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in Voya Emerging on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Emerging Markets or generate 0.0% return on investment in Voya Emerging over 30 days. Voya Emerging is related to or competes with Jennison Natural, Dreyfus Natural, Fidelity Advisor, Gmo Resources, Thrivent Natural, and Adams Natural. The fund normally invests at least 80 percent of its net assets in equity securities of companies, which are at the time of purchase, included in the index depositary receipts representing securities in the index convertible securities that are convertible into stocks included in the index other derivatives whose economic returns are, by design, closely equivalent to the returns of the index or its components and exchange-traded funds. More
Voya Emerging 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 Emerging's mutual 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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.97 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.44 |
Voya Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Emerging's standard deviation. In reality, there are many statistical measures that can use Voya Emerging historical prices to predict the future Voya Emerging's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.68) |
Voya Emerging Markets Backtested Returns
Voya Emerging Markets owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the fund had a -0.15% return per unit of risk over the last 3 months. Voya Emerging Markets exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voya Emerging's Coefficient Of Variation of (1,169), risk adjusted performance of (0.07), and Variance of 0.8089 to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Voya Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Emerging is expected to be smaller as well.
Auto-correlation | -0.38 |
Poor reverse predictability
Voya Emerging Markets has poor reverse predictability. Overlapping area represents the amount of predictability between Voya Emerging time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th of December 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 Emerging Markets price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Voya Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Voya Emerging Markets lagged returns against current returns
Autocorrelation, which is Voya Emerging mutual 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Voya Emerging returns to help us make a trade decision. For example, suppose you find that Voya Emerging has exhibited high autocorrelation historically, and you observe that the mutual 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Voya Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Emerging Lagged Returns
When evaluating Voya Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Emerging mutual fund have on its future price. Voya Emerging 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 Emerging autocorrelation shows the relationship between Voya Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Emerging Markets.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Voya Mutual Fund
Voya Emerging financial ratios help investors to determine whether Voya Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Voya with respect to the benefits of owning Voya Emerging security.
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |