Voya Government Money Fund Market Value
| IVMXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Voya |
Voya Government '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 Government's money market 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 Government.
| 01/13/2023 |
| 01/02/2025 |
If you would invest 0.00 in Voya Government on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding Voya Government Money or generate 0.0% return on investment in Voya Government over 720 days. Voya Government is related to or competes with Huber Capital, Principal Lifetime, Blackrock, Jhancock Diversified, Massmutual Premier, and Delaware Limited-term. Voya Government is entity of United States More
Voya Government 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 Government's money market 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 Government Money upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.036 | |||
| Maximum Drawdown | 1.01 |
Voya Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Government's standard deviation. In reality, there are many statistical measures that can use Voya Government historical prices to predict the future Voya Government's volatility.| Risk Adjusted Performance | 0.0444 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | 0.0052 | |||
| Treynor Ratio | (0.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Government'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 Government Money Backtested Returns
We have found sixteen technical indicators for Voya Government Money, which you can use to evaluate the volatility of the fund. Please validate Voya Government's Variance of 0.0155, coefficient of variation of 812.4, and Risk Adjusted Performance of 0.0444 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The entity has a beta of -0.01, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voya Government are expected to decrease at a much lower rate. During the bear market, Voya Government is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Voya Government Money has no correlation between past and present. Overlapping area represents the amount of predictability between Voya Government time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd of January 2025. 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 Government Money price movement. The serial correlation of 0.0 indicates that just 0.0% of current Voya Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Voya Government Money lagged returns against current returns
Autocorrelation, which is Voya Government money market 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 Government's money market fund expected returns. We can calculate the autocorrelation of Voya Government returns to help us make a trade decision. For example, suppose you find that Voya Government has exhibited high autocorrelation historically, and you observe that the money market 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 Government 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 Government money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Government money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Voya Government money market fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Government Lagged Returns
When evaluating Voya Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Government money market fund have on its future price. Voya Government 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 Government autocorrelation shows the relationship between Voya Government money market fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Government Money.
Regressed Prices |
| Timeline |
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Other Information on Investing in Voya Money Market Fund
Voya Government financial ratios help investors to determine whether Voya Money Market 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 Government security.
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