Voya International Index Fund Market Value
| INTIX Fund | USD 11.36 0.15 1.34% |
| Symbol | Voya |
Voya International '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 International'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 International.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Voya International on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Voya International Index or generate 0.0% return on investment in Voya International over 30 days. Voya International is related to or competes with Icon Information, Columbia Global, Biotechnology Fund, Hennessy Technology, Goldman Sachs, Towpath Technology, and Pgim Jennison. The fund normally invests at least 80 percent of its net assets in equity securities of companies, which are at the time of purchase, included in the index convertible securities that are convertible into stocks included in the index other derivatives whose economic returns are, by design, closely equivalent to the returns of the index or its components and exchange-traded funds that track the index. More
Voya International 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 International'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 International Index upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 4.28 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.34 |
Voya International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya International's standard deviation. In reality, there are many statistical measures that can use Voya International historical prices to predict the future Voya International's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.16) |
Voya International Index Backtested Returns
Voya International Index owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0594, which indicates the fund had a -0.0594% return per unit of risk over the last 3 months. Voya International Index exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voya International's Variance of 0.7874, coefficient of variation of (1,335), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Voya International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya International is expected to be smaller as well.
Auto-correlation | -0.86 |
Excellent reverse predictability
Voya International Index has excellent reverse predictability. Overlapping area represents the amount of predictability between Voya International time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 International Index price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Voya International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Voya International Index lagged returns against current returns
Autocorrelation, which is Voya International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Voya International returns to help us make a trade decision. For example, suppose you find that Voya International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya International Lagged Returns
When evaluating Voya International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya International mutual fund have on its future price. Voya International 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 International autocorrelation shows the relationship between Voya International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya International Index.
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 International 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 International security.
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