Voya Solution Correlations

ICGSX Fund

USD 10.29 0.07 0.68%

The current 90-days correlation between Voya Solution Servative and Ab Select Equity is 0.5 (i.e., Very weak diversification). The correlation of Voya Solution is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Voya Solution Correlation With Market

Very weak diversification

The correlation between Voya Solution Servative and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Solution Servative and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Voya Solution Servative. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Voya Mutual Fund

0.71	ILBPX	Voya Limited Maturity	Pair Corr
0.71	ILMBX	Voya Limited Maturity	Pair Corr
0.69	IMBAX	Voya Limited Maturity	Pair Corr
0.63	IMYCX	Voya High Yield	Pair Corr
0.76	VPRDX	Voya Morgan Stanley	Pair Corr
0.84	IPARX	Voya Global Perspectives	Pair Corr
0.83	IPIRX	Voya Global Perspectives	Pair Corr
0.62	IPHYX	Voya High Yield	Pair Corr

Moving against Voya Mutual Fund

0.44

VSPTX

Voya Solution 2060

Pair Corr

Related Correlations Analysis

	AUUIX	TOIIX	DBLFX	QDIBX	SWSFX	HQIAX	DFVEX
AUUIX		-0.06	-0.71	-0.77	0.73	0.92	0.98	AUUIX
TOIIX	-0.06		0.21	0.19	0.03	0.09	-0.14	TOIIX
DBLFX	-0.71	0.21		0.99	-0.56	-0.62	-0.7	DBLFX
QDIBX	-0.77	0.19	0.99		-0.65	-0.69	-0.76	QDIBX
SWSFX	0.73	0.03	-0.56	-0.65		0.71	0.67	SWSFX
HQIAX	0.92	0.09	-0.62	-0.69	0.71		0.89	HQIAX
DFVEX	0.98	-0.14	-0.7	-0.76	0.67	0.89		DFVEX
	AUUIX	TOIIX	DBLFX	QDIBX	SWSFX	HQIAX	DFVEX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

QDIBX	+ 0.99	DBLFX
DFVEX	+ 0.98	AUUIX
HQIAX	+ 0.92	AUUIX
DFVEX	+ 0.89	HQIAX
SWSFX	+ 0.73	AUUIX
HQIAX	+ 0.71	SWSFX

High negative correlations

QDIBX	- 0.77	AUUIX
DFVEX	- 0.76	QDIBX
DBLFX	- 0.71	AUUIX
DFVEX	- 0.7	DBLFX
HQIAX	- 0.69	QDIBX
SWSFX	- 0.65	QDIBX

Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Solution Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Voya Solution's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AUUIX	0.49	0.00	(0.03)	0.12	0.54	(0.53)	1.06	(1.18)	3.91
TOIIX	0.61	(0.05)	0.00	1.10	0.00	0.00	1.29	(1.59)	4.09
DBLFX	0.20	(0.02)	0.00	0.48	0.00	0.00	0.43	(0.54)	1.19
QDIBX	0.24	(0.03)	0.00	0.63	0.00	0.00	0.44	(0.56)	1.23
SWSFX	0.05	0.01	(1.04)	(1.89)	0.00	(0.21)	0.10	(0.10)	0.59
HQIAX	0.45	0.08	(0.09)	(1.74)	0.39	(0.53)	1.00	(0.85)	3.28
DFVEX	0.64	(0.02)	0.00	0.11	0.64	(0.74)	1.41	(1.06)	5.26

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC