Voya Cbre Correlations

VCRIX Fund

USD 13.83 0.03 0.22%

The current 90-days correlation between Voya Cbre Global and Wells Fargo Advantage is -0.06 (i.e., Good diversification). The correlation of Voya Cbre 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 Cbre Correlation With Market

Good diversification

The correlation between Voya Cbre Global and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Cbre Global and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Voya Cbre Global. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Voya Mutual Fund

0.65	MMHAX	Mainstay High Yield	Pair Corr
0.61	MMHDX	Mainstay High Yield	Pair Corr
0.67	MMHIX	Mainstay High Yield	Pair Corr
0.61	MNOLX	Mainstay Mackay New	Pair Corr
0.68	EPLPX	Mainstay Epoch Equity	Pair Corr
0.69	EPLCX	Mainstay Epoch Equity	Pair Corr
0.83	EPSYX	Mainstay Epoch Global	Pair Corr
0.77	EPSPX	Mainstay Epoch Global	Pair Corr
0.82	EPSKX	Mainstay Epoch Global	Pair Corr
0.7	FCICX	Mainstay Pinestone	Pair Corr

Moving against Voya Mutual Fund

0.51	MMRBX	Mainstay Moderate	Pair Corr
0.43	MKTBX	Mainstay Tax Free	Pair Corr
0.33	MLACX	Mainstay Large Cap	Pair Corr
0.33	MLAAX	Mainstay Large Cap	Pair Corr
0.33	MLRMX	Mainstay Winslow Large	Pair Corr
0.32	MLAIX	Mainstay Large Cap	Pair Corr
0.31	APSLX	Mainstay Fiera Smid	Pair Corr
0.35	MOPCX	Mainstay Epoch Small	Pair Corr
0.34	MOPAX	Mainstay Epoch Small	Pair Corr

Related Correlations Analysis

	EKWDX	UNWPX	IOGYX	SGDLX	EPGIX	FGDIX	VGSBX	GLDAX
EKWDX		0.93	0.93	0.95	0.61	0.65	0.54	0.97	EKWDX
UNWPX	0.93		0.94	0.94	0.55	0.58	0.45	0.95	UNWPX
IOGYX	0.93	0.94		0.99	0.72	0.75	0.57	0.98	IOGYX
SGDLX	0.95	0.94	0.99		0.69	0.73	0.55	0.99	SGDLX
EPGIX	0.61	0.55	0.72	0.69		0.99	0.73	0.67	EPGIX
FGDIX	0.65	0.58	0.75	0.73	0.99		0.77	0.72	FGDIX
VGSBX	0.54	0.45	0.57	0.55	0.73	0.77		0.61	VGSBX
GLDAX	0.97	0.95	0.98	0.99	0.67	0.72	0.61		GLDAX
	EKWDX	UNWPX	IOGYX	SGDLX	EPGIX	FGDIX	VGSBX	GLDAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Cbre 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 Cbre'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
EKWDX	1.38	0.33	0.21	0.64	1.58	(1.48)	3.36	(3.16)	7.40
UNWPX	1.32	0.25	0.18	11.44	1.45	(1.62)	3.11	(2.53)	8.41
IOGYX	1.37	0.00	0.15	0.00	1.63	(1.51)	2.70	(3.24)	7.70
SGDLX	1.32	0.19	0.15	22.51	1.54	(1.36)	3.01	(3.01)	7.21
EPGIX	1.27	0.44	0.31	1.11	1.17	(1.42)	3.64	(2.41)	7.74
FGDIX	1.23	0.52	0.36	1.06	1.13	(1.44)	3.54	(2.74)	6.82
VGSBX	0.18	0.03	0.52	0.51	0.04	(0.24)	0.43	(0.32)	0.98
GLDAX	1.20	0.25	0.21	(11.40)	1.33	(1.24)	2.83	(2.52)	7.13

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