Voya Floating Correlations
| IFRPXDelisted Fund | USD 8.14 0.00 0.00% |
The current 90-days correlation between Voya Floating Rate and Fidelity Advisor Technology is 0.08 (i.e., Significant diversification). The correlation of Voya Floating 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Voya Floating Correlation With Market
Good diversification
The correlation between Voya Floating Rate and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
Voya |
Moving together with Voya Mutual Fund
Moving against Voya Mutual Fund
| 0.46 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.44 | MSFT | Microsoft Sell-off Trend | PairCorr |
| 0.42 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Voya Mutual Fund performing well and Voya Floating Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Voya Floating's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIKHX | 0.94 | 0.17 | 0.11 | 1.69 | 1.16 | 1.82 | 6.65 | |||
| DTEYX | 0.91 | 0.07 | 0.05 | 0.10 | 1.14 | 1.86 | 6.54 | |||
| DRGTX | 0.85 | 0.25 | 0.16 | 17.08 | 0.97 | 2.21 | 6.59 | |||
| ITYYX | 1.14 | 0.03 | 0.01 | 0.04 | 2.42 | 2.38 | 12.95 | |||
| TEFQX | 1.24 | 0.11 | 0.06 | 0.10 | 1.63 | 2.92 | 8.29 | |||
| VITAX | 0.89 | 0.13 | 0.09 | 0.15 | 1.24 | 1.98 | 6.58 | |||
| MTCCX | 1.17 | (0.14) | 0.00 | (0.09) | 0.00 | 2.11 | 21.29 | |||
| JAGTX | 1.00 | (0.07) | 0.00 | (0.46) | 0.00 | 1.88 | 12.93 |
Voya Floating Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Voya Floating mutual fund to make a market-neutral strategy. Peer analysis of Voya Floating could also be used in its relative valuation, which is a method of valuing Voya Floating by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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