Voya Large Correlations
| IPETX Fund | USD 6.15 0.02 0.32% |
The current 90-days correlation between Voya Large Cap and Touchstone Small Cap is 0.11 (i.e., Average diversification). The correlation of Voya Large 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 Large Correlation With Market
Poor diversification
The correlation between Voya Large Cap and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Large Cap and DJI in the same portfolio, assuming nothing else is changed.
Voya |
Moving together with Voya Mutual Fund
| 0.62 | IMCVX | Voya Multi Manager | PairCorr |
| 0.8 | IMYCX | Voya High Yield | PairCorr |
| 0.9 | VPISX | Voya Index Solution | PairCorr |
| 0.94 | VPRDX | Voya Morgan Stanley | PairCorr |
| 0.9 | VPSSX | Voya Index Solution | PairCorr |
| 0.89 | VPSAX | Voya Index Solution | PairCorr |
| 0.66 | NAPIX | Voya Multi Manager | PairCorr |
| 0.63 | NARCX | Voya Multi Manager | PairCorr |
| 0.63 | NAWCX | Voya Global Equity | PairCorr |
| 0.63 | NAWGX | Voya Global Equity | PairCorr |
| 0.63 | NAWIX | Voya Global Equity | PairCorr |
| 0.94 | IPARX | Voya Global Perspectives | PairCorr |
| 1.0 | IPEAX | Voya Large Cap | PairCorr |
| 1.0 | IPEIX | Voya Large Cap | PairCorr |
| 1.0 | IPESX | Voya Large Cap | PairCorr |
| 0.77 | IPIMX | Voya High Yield | PairCorr |
| 0.84 | IPIRX | Voya Global Perspectives | PairCorr |
| 0.77 | IPHYX | Voya High Yield | PairCorr |
| 0.72 | VREQX | Voya Real Estate | PairCorr |
Related Correlations Analysis
| 0.82 | 0.71 | 0.23 | 0.69 | 0.41 | 0.83 | MXCAX | ||
| 0.82 | 0.78 | 0.31 | 0.66 | 0.5 | 0.81 | CIPMX | ||
| 0.71 | 0.78 | 0.15 | 0.82 | 0.46 | 0.76 | MSSGX | ||
| 0.23 | 0.31 | 0.15 | 0.25 | 0.68 | 0.09 | EIPIX | ||
| 0.69 | 0.66 | 0.82 | 0.25 | 0.7 | 0.85 | TFAGX | ||
| 0.41 | 0.5 | 0.46 | 0.68 | 0.7 | 0.55 | LWLAX | ||
| 0.83 | 0.81 | 0.76 | 0.09 | 0.85 | 0.55 | LANIX | ||
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Risk-Adjusted Indicators
There is a big difference between Voya Mutual Fund performing well and Voya Large 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 Large'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MXCAX | 0.86 | (0.13) | 0.00 | 0.78 | 0.00 | 1.67 | 5.78 | |||
| CIPMX | 0.92 | (0.20) | 0.00 | (0.32) | 0.00 | 1.33 | 10.60 | |||
| MSSGX | 1.76 | (0.11) | 0.00 | (0.15) | 0.00 | 3.70 | 10.50 | |||
| EIPIX | 0.83 | 0.03 | 0.04 | (0.02) | 1.66 | 1.68 | 7.26 | |||
| TFAGX | 1.00 | (0.13) | 0.00 | 0.63 | 0.00 | 1.61 | 5.37 | |||
| LWLAX | 0.34 | 0.00 | 0.00 | (0.07) | 0.00 | 0.61 | 2.17 | |||
| LANIX | 0.77 | (0.16) | 0.00 | 0.83 | 0.00 | 1.18 | 5.07 |