Voya Solution Correlations
| VSPTX Fund | USD 4.00 0.10 2.44% |
The current 90-days correlation between Voya Solution 2060 and California Bond Fund is -0.1 (i.e., Good diversification). The correlation of Voya Solution 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 Solution Correlation With Market
Modest diversification
The correlation between Voya Solution 2060 and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Solution 2060 and DJI in the same portfolio, assuming nothing else is changed.
Voya |
Moving together with Voya Mutual Fund
| 0.87 | INGBX | Voya Global Bond | PairCorr |
| 0.77 | INTIX | Voya International Index | PairCorr |
| 0.67 | IOGPX | Vy Oppenheimer Global | PairCorr |
| 0.87 | IOSAX | Voya Global Bond | PairCorr |
| 0.86 | IOSIX | Voya Global Bond | PairCorr |
| 0.79 | NAPIX | Voya Multi Manager | PairCorr |
| 0.79 | NARCX | Voya Multi Manager | PairCorr |
| 0.82 | IPIIX | Ing Intermediate Bond | PairCorr |
| 0.75 | IPISX | Voya Intermediate Bond | PairCorr |
Moving against Voya Mutual Fund
| 0.51 | IMOPX | Voya Midcap Opportunities | PairCorr |
| 0.5 | INGIX | Voya Stock Index | PairCorr |
| 0.7 | VRLCX | Voya Large Cap | PairCorr |
| 0.56 | IPLIX | Voya Index Plus | PairCorr |
| 0.55 | IPLSX | Voya Index Plus | PairCorr |
Related Correlations Analysis
| 0.51 | 0.11 | 0.63 | 0.6 | 0.34 | USCBX | ||
| 0.51 | 0.27 | 0.9 | 0.93 | 0.61 | EICVX | ||
| 0.11 | 0.27 | 0.22 | 0.18 | 0.86 | OPTCX | ||
| 0.63 | 0.9 | 0.22 | 0.96 | 0.59 | USCAX | ||
| 0.6 | 0.93 | 0.18 | 0.96 | 0.56 | ARTQX | ||
| 0.34 | 0.61 | 0.86 | 0.59 | 0.56 | MHEFX | ||
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Risk-Adjusted Indicators
There is a big difference between Voya Mutual Fund performing well and Voya Solution 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 Solution'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| USCBX | 0.19 | (0.03) | 0.00 | (0.53) | 0.00 | 0.39 | 1.93 | |||
| EICVX | 0.50 | (0.02) | 0.00 | (0.11) | 0.00 | 1.07 | 3.88 | |||
| OPTCX | 0.15 | 0.02 | 0.06 | 0.62 | 0.00 | 0.32 | 1.35 | |||
| USCAX | 0.93 | (0.09) | 0.00 | (0.22) | 0.00 | 1.75 | 10.97 | |||
| ARTQX | 0.61 | (0.05) | 0.00 | (0.20) | 0.00 | 1.09 | 6.35 | |||
| MHEFX | 0.49 | 0.02 | 0.01 | 0.13 | 0.73 | 0.96 | 5.76 |
Voya Solution 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 Solution mutual fund to make a market-neutral strategy. Peer analysis of Voya Solution could also be used in its relative valuation, which is a method of valuing Voya Solution by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |