Voya Multi Correlations
| NTKLX Fund | USD 58.77 0.29 0.50% |
The current 90-days correlation between Voya Multi Manager and Blackrock Moderate Prepared is 0.74 (i.e., Poor diversification). The correlation of Voya Multi 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 Multi Correlation With Market
Weak diversification
The correlation between Voya Multi Manager Internation and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Multi Manager Internation and DJI in the same portfolio, assuming nothing else is changed.
Voya |
Moving together with Voya Mutual Fund
| 0.88 | ILABX | Voya Bond Index | PairCorr |
| 0.87 | ILBAX | Voya Bond Index | PairCorr |
| 0.97 | INTIX | Voya International Index | PairCorr |
| 0.66 | IPARX | Voya Global Perspectives | PairCorr |
| 0.65 | IPIRX | Voya Global Perspectives | PairCorr |
| 0.83 | VREQX | Voya Real Estate | PairCorr |
| 0.61 | VRRLX | Voya Target Retirement | PairCorr |
| 0.63 | VSQIX | Voya Solution 2065 | PairCorr |
| 0.67 | VSZBX | Voya Index Solution | PairCorr |
| 0.72 | VSZJX | Voya Index Solution | PairCorr |
| 0.66 | VTRDX | Voya Target Retirement | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Voya Mutual Fund performing well and Voya Multi 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 Multi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BIMPX | 0.31 | (0.02) | 0.00 | (0.12) | 0.00 | 0.63 | 2.55 | |||
| TSIMX | 0.35 | (0.03) | 0.00 | (0.12) | 0.00 | 0.60 | 2.47 | |||
| QCGLRX | 0.55 | 0.00 | (0.02) | 0.01 | 0.86 | 1.01 | 4.41 | |||
| RRPPX | 0.30 | (0.03) | 0.00 | (0.12) | 0.00 | 0.56 | 2.38 | |||
| JLMOX | 0.29 | (0.03) | 0.00 | (0.12) | 0.00 | 0.64 | 2.20 | |||
| TCTZX | 0.27 | (0.02) | 0.00 | (0.12) | 0.00 | 0.61 | 1.95 | |||
| FLMTX | 0.25 | (0.01) | (0.06) | (0.04) | 0.39 | 0.48 | 1.98 |