Voya Floating Rate Fund Manager Performance Evaluation
| IFRWX Fund | USD 8.15 0.01 0.12% |
The entity has a beta of -0.016, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voya Floating are expected to decrease at a much lower rate. During the bear market, Voya Floating is likely to outperform the market.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Voya Floating Rate are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Voya Floating is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.7400 |
Voya |
Voya Floating Relative Risk vs. Return Landscape
If you would invest 799.00 in Voya Floating Rate on September 16, 2024 and sell it today you would earn a total of 16.00 from holding Voya Floating Rate or generate 2.0% return on investment over 90 days. Voya Floating Rate is currently producing 0.0307% returns and takes up 0.1961% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Voya, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Voya Floating Current Valuation
Overvalued
Today
Please note that Voya Floating's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Voya Floating Rate has a current Real Value of $7.48 per share. The regular price of the fund is $8.15. We determine the value of Voya Floating Rate from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Voya Floating is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Voya Mutual Fund. However, Voya Floating's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 8.15 | Real 7.48 | Hype 8.15 | Naive 8.17 |
The intrinsic value of Voya Floating's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Voya Floating's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Voya Floating Rate helps investors to forecast how Voya mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Voya Floating more accurately as focusing exclusively on Voya Floating's fundamentals will not take into account other important factors: Voya Floating Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Floating's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Voya Floating Rate, and traders can use it to determine the average amount a Voya Floating's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1565
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | IFRWX |
Estimated Market Risk
| 0.2 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Voya Floating is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Voya Floating by adding it to a well-diversified portfolio.
Voya Floating Fundamentals Growth
Voya Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Voya Floating, and Voya Floating fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Voya Mutual Fund performance.
| Total Asset | 412.42 M | ||||
About Voya Floating Performance
Evaluating Voya Floating's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Voya Floating has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Voya Floating has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund invests at least 80 percent of its net assets in U.S. dollar denominated floating rate loans and other floating rate debt instruments, including floating rate bonds floating rate notes money market instruments with a remaining maturity of 60 days or less floating rate debentures and tranches of floating rate asset-backed securities, including structured notes, made to, or issued by, U.S. and non-U.S. corporations or other business entities .Things to note about Voya Floating Rate performance evaluation
Checking the ongoing alerts about Voya Floating for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Voya Floating Rate help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains about 8.01% of its assets under management (AUM) in fixed income securities |
- Analyzing Voya Floating's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Voya Floating's stock is overvalued or undervalued compared to its peers.
- Examining Voya Floating's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Voya Floating's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Voya Floating's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Voya Floating's mutual fund. These opinions can provide insight into Voya Floating's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Voya Mutual Fund
Voya Floating 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 Floating security.
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