Voya Target Retirement Fund Market Value
| IRSNX Fund | USD 14.25 0.08 0.56% |
| Symbol | Voya |
Voya Target '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 Target'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 Target.
| 10/23/2023 |
| 12/16/2024 |
If you would invest 0.00 in Voya Target on October 23, 2023 and sell it all today you would earn a total of 0.00 from holding Voya Target Retirement or generate 0.0% return on investment in Voya Target over 420 days. Voya Target is related to or competes with Kinetics Market, Barings Emerging, Artisan Emerging, T Rowe, Locorr Market, and Aqr Long. The fund invests primarily in a combination of underlying funds, which are actively managed funds or passively managed f... More
Voya Target 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 Target'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 Target Retirement upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4587 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.3 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.9413 |
Voya Target Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Target's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Target's standard deviation. In reality, there are many statistical measures that can use Voya Target historical prices to predict the future Voya Target's volatility.| Risk Adjusted Performance | 0.0764 | |||
| Jensen Alpha | 0.0036 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0987 |
Voya Target Retirement Backtested Returns
At this stage we consider Voya Mutual Fund to be very steady. Voya Target Retirement owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0892, which indicates the fund had a 0.0892% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Voya Target Retirement, which you can use to evaluate the volatility of the fund. Please validate Voya Target's Coefficient Of Variation of 877.07, risk adjusted performance of 0.0764, and Semi Deviation of 0.2469 to confirm if the risk estimate we provide is consistent with the expected return of 0.0398%. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Voya Target's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Target is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Voya Target Retirement has very good predictability. Overlapping area represents the amount of predictability between Voya Target time series from 23rd of October 2023 to 20th of May 2024 and 20th of May 2024 to 16th 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 Target Retirement price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Voya Target price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Voya Target Retirement lagged returns against current returns
Autocorrelation, which is Voya Target 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 Target's mutual fund expected returns. We can calculate the autocorrelation of Voya Target returns to help us make a trade decision. For example, suppose you find that Voya Target 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 Target 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 Target mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Target 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 Target mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Target Lagged Returns
When evaluating Voya Target's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Target mutual fund have on its future price. Voya Target 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 Target autocorrelation shows the relationship between Voya Target mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Target Retirement.
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 Target 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 Target security.
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