Voya Index Price To Book vs. Five Year Return

IPSSX Fund  USD 22.42  0.05  0.22%   
Based on the key profitability measurements obtained from Voya Index's financial statements, Voya Index Plus may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Voya Index's ability to earn profits and add value for shareholders.
For Voya Index profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Voya Index to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Voya Index Plus utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Voya Index's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Voya Index Plus over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Please note, there is a significant difference between Voya Index's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Index is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Index'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 Index Plus Five Year Return vs. Price To Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Voya Index's current stock value. Our valuation model uses many indicators to compare Voya Index value to that of its competitors to determine the firm's financial worth.
Voya Index Plus is currently considered the top fund in price to book among similar funds. It also is currently considered the top fund in five year return among similar funds reporting about  5.06  of Five Year Return per Price To Book. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Voya Index's earnings, one of the primary drivers of an investment's value.

Voya Five Year Return vs. Price To Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Voya Index

P/B

 = 

MV Per Share

BV Per Share

 = 
1.91 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.

Voya Index

Five Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
9.66 %
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.

Voya Five Year Return Comparison

Voya Index is currently under evaluation in five year return among similar funds.

Voya Index Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Voya Index, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Voya Index will eventually generate negative long term returns. The profitability progress is the general direction of Voya Index's change in net profit over the period of time. It can combine multiple indicators of Voya Index, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Under normal market conditions, the Portfolio invests at least 80 percent of its net assets in securities of small-capitalization companies included in the index. The index is a stock market index comprised of common stocks of 600 small-capitalization companies traded in the United States and selected by SP Global Ratings.

Voya Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Voya Index. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Voya Index position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Voya Index's important profitability drivers and their relationship over time.

Use Voya Index in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Voya Index position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Voya Index will appreciate offsetting losses from the drop in the long position's value.

Voya Index Pair Trading

Voya Index Plus Pair Trading Analysis

The ability to find closely correlated positions to Voya Index could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Voya Index when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Voya Index - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Voya Index Plus to buy it.
The correlation of Voya Index is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Voya Index moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Voya Index Plus moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Voya Index can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Voya Index position

In addition to having Voya Index in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Soft Drinks Thematic Idea Now

Soft Drinks
Soft Drinks Theme
Entities manufacturing and distributing non alcoholic beverages across different markets. The Soft Drinks theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Soft Drinks Theme or any other thematic opportunities.
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Other Information on Investing in Voya Mutual Fund

To fully project Voya Index's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Voya Index Plus at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Voya Index's income statement, its balance sheet, and the statement of cash flows.
Potential Voya Index investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Voya Index investors may work on each financial statement separately, they are all related. The changes in Voya Index's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Voya Index's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
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