Voya Financial Correlations

VOYA Stock

USD 67.89 0.48 0.70%

The current 90-days correlation between Voya Financial and Voya Financial is 0.26 (i.e., Modest diversification). The correlation of Voya Financial 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.

Voya Financial Correlation With Market

Poor diversification

The correlation between Voya Financial and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Financial 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 Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For information on how to trade Voya Stock refer to our How to Trade Voya Stock guide.

Moving together with Voya Stock

0.89	FRHC	Freedom Holding Corp	Pair Corr
0.82	C	Citigroup Aggressive Push	Pair Corr
0.72	V	Visa Class A	Pair Corr
0.84	AC	Associated Capital	Pair Corr
0.77	BK	Bank of New York	Pair Corr
0.62	BN	Brookfield Corp	Pair Corr
0.67	FG	FG Annuities Life	Pair Corr
0.84	GS	Goldman Sachs Group	Pair Corr
0.8	MA	Mastercard Sell-off Trend	Pair Corr
0.73	MS	Morgan Stanley	Pair Corr
0.67	NU	Nu Holdings	Pair Corr

Moving against Voya Stock

0.53	EG	Everest Group	Pair Corr
0.41	RILYP	B Riley Financial	Pair Corr
0.6	VALU	Value Line	Pair Corr
0.45	TW	Tradeweb Markets Normal Trading	Pair Corr

Related Correlations Analysis

	TREE	VOYA-PB	RILY	RILYP	RILYL
TREE		0.5	-0.31	-0.75	-0.65	TREE
VOYA-PB	0.5		0.05	-0.62	-0.64	VOYA-PB
RILY	-0.31	0.05		0.45	0.46	RILY
RILYP	-0.75	-0.62	0.45		0.89	RILYP
RILYL	-0.65	-0.64	0.46	0.89		RILYL
	TREE	VOYA-PB	RILY	RILYP	RILYL

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RILYL	+ 0.89	RILYP
VOYA-PB	+ 0.5	TREE
RILYL	+ 0.46	RILY
RILYP	+ 0.45	RILY
RILY	+ 0.05	VOYA-PB

High negative correlations

RILYP	- 0.75	TREE
RILYL	- 0.65	TREE
RILYL	- 0.64	VOYA-PB
RILYP	- 0.62	VOYA-PB
RILY	- 0.31	TREE

Risk-Adjusted Indicators

There is a big difference between Voya Stock performing well and Voya Financial Company 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 Financial'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
TREE	3.41	0.33	0.09	0.72	3.78	(3.82)	9.47	(5.57)	35.71
VOYA-PB	0.71	0.04	0.14	0.20	0.68	(0.90)	2.05	(1.22)	3.54
RILY	5.03	0.12	0.00	(0.01)	0.00	0.00	10.39	(10.10)	51.07
RILYP	5.41	(0.49)	0.00	(1.19)	0.00	0.00	9.73	(11.65)	49.15
RILYL	5.23	(0.55)	0.00	(1.49)	0.00	0.00	8.82	(11.13)	48.41

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