Voya Investment Grade Fund Market Value
| VIGTX Fund | USD 9.29 0.04 0.43% |
| Symbol | Voya |
Voya Investment '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 Investment'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 Investment.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Voya Investment on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Investment Grade or generate 0.0% return on investment in Voya Investment over 30 days. Voya Investment is related to or competes with Pnc Emerging, Rbc Emerging, Doubleline Emerging, and Dws Emerging. Under normal market conditions, the fund invests at least 80 percent of its net assets in investment-grade fixed-income ... More
Voya Investment 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 Investment'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 Investment Grade upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3948 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.84 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.5459 |
Voya Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Investment's standard deviation. In reality, there are many statistical measures that can use Voya Investment historical prices to predict the future Voya Investment's volatility.| Risk Adjusted Performance | 5.0E-4 | |||
| Jensen Alpha | 0.002 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | 0.0876 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Investment'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 Investment Grade Backtested Returns
At this stage we consider Voya Mutual Fund to be very steady. Voya Investment Grade owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0017, which indicates the fund had a 0.0017% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Voya Investment Grade, which you can use to evaluate the volatility of the fund. Please validate Voya Investment's Risk Adjusted Performance of 5.0E-4, semi deviation of 0.3223, and Coefficient Of Variation of 6470.57 to confirm if the risk estimate we provide is consistent with the expected return of 6.0E-4%. The entity has a beta of -0.051, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voya Investment are expected to decrease at a much lower rate. During the bear market, Voya Investment is likely to outperform the market.
Auto-correlation | -0.1 |
Very weak reverse predictability
Voya Investment Grade has very weak reverse predictability. Overlapping area represents the amount of predictability between Voya Investment 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 Investment Grade price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Voya Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Voya Investment Grade lagged returns against current returns
Autocorrelation, which is Voya Investment 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 Investment's mutual fund expected returns. We can calculate the autocorrelation of Voya Investment returns to help us make a trade decision. For example, suppose you find that Voya Investment 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 Investment 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 Investment mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Investment 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 Investment mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Investment Lagged Returns
When evaluating Voya Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Investment mutual fund have on its future price. Voya Investment 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 Investment autocorrelation shows the relationship between Voya Investment mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Investment Grade.
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 Investment 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 Investment security.
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