Voya Intermediate Bond Fund Market Value
| IIBWX Fund | USD 8.77 0.03 0.34% |
| Symbol | Voya |
Voya Intermediate 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Voya Intermediate's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Voya Intermediate.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Voya Intermediate on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Intermediate Bond or generate 0.0% return on investment in Voya Intermediate over 330 days. Voya Intermediate is related to or competes with Nationwide Growth, Franklin Growth, Smallcap Growth, Pace Large, T Rowe, and Artisan Small. Under normal market conditions, the fund invests at least 80 percent of its net assets in a portfolio of bonds, includin... More
Voya Intermediate Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Voya Intermediate's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Voya Intermediate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.27 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.4614 |
Voya Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Intermediate's standard deviation. In reality, there are many statistical measures that can use Voya Intermediate historical prices to predict the future Voya Intermediate's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Intermediate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Voya Intermediate Bond Backtested Returns
Voya Intermediate Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.038, which indicates the fund had a -0.038% return per unit of risk over the last 3 months. Voya Intermediate Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voya Intermediate's Coefficient Of Variation of (2,634), risk adjusted performance of (0.04), and Variance of 0.0989 to confirm the risk estimate we provide. The entity has a beta of 0.0682, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Voya Intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Intermediate is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
Voya Intermediate Bond has weak reverse predictability. Overlapping area represents the amount of predictability between Voya Intermediate time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Voya Intermediate Bond price movement. The serial correlation of -0.22 indicates that over 22.0% of current Voya Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Voya Intermediate Bond lagged returns against current returns
Autocorrelation, which is Voya Intermediate mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Voya Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Voya Intermediate returns to help us make a trade decision. For example, suppose you find that Voya Intermediate has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Voya Intermediate regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Voya Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Intermediate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Voya Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Intermediate Lagged Returns
When evaluating Voya Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Intermediate mutual fund have on its future price. Voya Intermediate autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Voya Intermediate autocorrelation shows the relationship between Voya Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Intermediate Bond.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Voya Mutual Fund
Voya Intermediate financial ratios help investors to determine whether Voya Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Voya with respect to the benefits of owning Voya Intermediate security.
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