Voya Index Solution Fund Market Value

VPISX Fund  USD 15.94  0.02  0.13%   
Voya Index's market value is the price at which a share of Voya Index trades on a public exchange. It measures the collective expectations of Voya Index Solution investors about its performance. Voya Index is trading at 15.94 as of the 23rd of December 2024; that is 0.13 percent down since the beginning of the trading day. The fund's open price was 15.96.
With this module, you can estimate the performance of a buy and hold strategy of Voya Index Solution and determine expected loss or profit from investing in Voya Index over a given investment horizon. Check out Voya Index Correlation, Voya Index Volatility and Voya Index Alpha and Beta module to complement your research on Voya Index.
Symbol

Please note, there is a significant difference between Voya Index's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Index is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Index's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Voya Index '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 Index'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 Index.
0.00
11/23/2024
No Change 0.00  0.0 
In 31 days
12/23/2024
0.00
If you would invest  0.00  in Voya Index on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Index Solution or generate 0.0% return on investment in Voya Index over 30 days. Voya Index is related to or competes with Voya Bond, Voya Bond, Voya Limited, Voya Limited, Voya Bond, Voya Limited, and Voya Emerging. Under normal market conditions, the Portfolio invests at least 80 percent of its net assets in a combination of underlyi... More

Voya Index 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 Index'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 Index Solution upside and downside potential and time the market with a certain degree of confidence.

Voya Index Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Index's standard deviation. In reality, there are many statistical measures that can use Voya Index historical prices to predict the future Voya Index's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Index'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.
Hype
Prediction
LowEstimatedHigh
15.2915.9416.59
Details
Intrinsic
Valuation
LowRealHigh
15.3616.0116.66
Details

Voya Index Solution Backtested Returns

Voya Index Solution owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0209, which indicates the fund had a -0.0209% return per unit of risk over the last 3 months. Voya Index Solution exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voya Index's Risk Adjusted Performance of (0.01), coefficient of variation of (7,634), and Variance of 0.4103 to confirm the risk estimate we provide. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Voya Index's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Index is expected to be smaller as well.

Auto-correlation

    
  -0.72  

Almost perfect reverse predictability

Voya Index Solution has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Voya Index time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Index Solution price movement. The serial correlation of -0.72 indicates that around 72.0% of current Voya Index price fluctuation can be explain by its past prices.
Correlation Coefficient-0.72
Spearman Rank Test-0.62
Residual Average0.0
Price Variance0.07

Voya Index Solution lagged returns against current returns

Autocorrelation, which is Voya Index 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 Index's mutual fund expected returns. We can calculate the autocorrelation of Voya Index returns to help us make a trade decision. For example, suppose you find that Voya Index 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 Index 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 Index mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Index 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 Index mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Voya Index Lagged Returns

When evaluating Voya Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Index mutual fund have on its future price. Voya Index 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 Index autocorrelation shows the relationship between Voya Index mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Index Solution.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Voya Mutual Fund

Voya Index 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 Index security.
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