Voya Infrastructure, Industrials and Materials Fund (Voya Infrastructure, Industrials and Materials Fund) Momentum Rank : 2 (As of Apr. 29, 2024)

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What is Voya Infrastructure, Industrials and Materials Fund Momentum Rank?

Voya Infrastructure, Industrials and Materials Fund has the Momentum Rank of 2.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Voya Infrastructure, Industrials and Materials Fund's Momentum Rank

For the Asset Management subindustry, Voya Infrastructure, Industrials and Materials Fund's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Voya Infrastructure, Industrials and Materials Fund's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Voya Infrastructure, Industrials and Materials Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Voya Infrastructure, Industrials and Materials Fund's Momentum Rank falls into.

Voya Infrastructure, Industrials and Materials Fund Momentum Rank Related Terms

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Voya Infrastructure, Industrials and Materials Fund (Voya Infrastructure, Industrials and Materials Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ, USA, 85258

Website

https://www.voyainvestments.com

Voya Infrastructure, Industrials and Materials Fund is a diversified closed-end management investment company. Its primary objective is to seek total return through a combination of current income, capital gains, and capital appreciation. The Fund seeks to achieve its investment objective by investing in companies that own and/or operate infrastructure facilities in the infrastructure sector, and in a broad range of companies, principally in the industrials and materials sectors, that the Sub-Adviser believes will benefit from the building, renovation, expansion, and utilization of infrastructure. Geographically, the majority of revenue is derived from the United States.

Executives

Vincent J Costa	other: Managing Director	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Margaret Diorio	officer: SVP, PM	230 PARK AVENUE, NEW YORK NY 10169
Steven Wetter	officer: SVP, PM	230 PARK AVENUE, 14 FL, NEW YORK NY 10169
Mark Weber	officer: Executive Vice President	230 PARK AVENUE, NEW YORK NY 10169
Dina Santoro	officer: Managing Director	VOYA INVESTMENT MANAGEMENT, 230 PARK AVENUE, NEW YORK NY 10169
Christopher P Sullivan	director	27 LEE TERRACE, SHORT HILLS NJ 07078
Michael Allyn Bell	officer: MD & Chief Financial Officer	230 PARK AVENUE, NEW YORK NY 10169
Joseph E Obermeyer	director	9909 NE 4TH AVENUE ROAD, MIAMI SHORES FL 33138
Russell H Jones	director
Martin J Gavin	director	282 WASHINGTON STREET, HARTFORD CT 06106
Deprince Albert E Jr	director	3029 ST. JOHNS DRIVE, MURFREESBORO TN 37129
Daniel F Wilcox	officer: Senior Vice President	230 PARK AVENUE, NEW YORK X1 10169
Lydia Homer	officer: Senior Vice President	7337 E DOUBLETREE RANCH ROAD, SCOTTSDALE AZ 85258
Voya Investment Management Co	other: Investment Adviser	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Etten Frank Van	officer: Senior Vice President	230 PARK AVENUE, NEW YORK NY 10169