Ing Solution Correlations

ISZAX Fund  USD 9.75  0.08  0.83%   
The current 90-days correlation between Ing Solution 2025 and Voya Bond Index is 0.04 (i.e., Significant diversification). The correlation of Ing 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.

Ing Solution Correlation With Market

Very weak diversification

The correlation between Ing Solution 2025 and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ing Solution 2025 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 Ing Solution 2025. 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 nation.

Moving together with Ing Mutual Fund

  0.62ILBPX Voya Limited MaturityPairCorr
  0.61IMBAX Voya Limited MaturityPairCorr
  0.72IMYCX Voya High YieldPairCorr
  0.72VPISX Voya Index SolutionPairCorr
  0.83VPRDX Voya Morgan StanleyPairCorr
  0.62VPRAX Voya T RowePairCorr
  0.7VPSSX Voya Index SolutionPairCorr
  0.72VPSAX Voya Index SolutionPairCorr
  0.65NAPIX Voya Multi ManagerPairCorr
  0.63NARCX Voya Multi ManagerPairCorr
  0.94IPARX Voya Global PerspectivesPairCorr
  0.61IPIMX Voya High YieldPairCorr
  0.93IPIRX Voya Global PerspectivesPairCorr

Related Correlations Analysis

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   
ILBAXILABX
ILUAXILABX
ILUAXILBAX
IMORXIMOPX
IMBAXILBPX
IMBAXILMBX
  
High negative correlations   
IMORXILUAX
IMOPXILUAX
IMORXILABX
IMOPXILABX
IMORXILBAX
IMOPXILBAX

Risk-Adjusted Indicators

There is a big difference between Ing Mutual Fund performing well and Ing 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 Ing 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ILABX  0.22 (0.04) 0.00 (0.68) 0.00 
 0.44 
 1.54 
ILBAX  0.22 (0.05) 0.00 (0.49) 0.00 
 0.44 
 1.54 
ILBPX  0.10  0.00 (0.83)(0.08) 0.02 
 0.21 
 0.95 
ILMBX  0.09  0.00 (0.84) 0.05  0.04 
 0.21 
 0.94 
ILUAX  0.22 (0.04) 0.00 (0.67) 0.00 
 0.43 
 1.54 
IMBAX  0.08  0.00 (0.79)(0.37) 0.05 
 0.22 
 0.86 
IMCDX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
IMCVX  0.58  0.08 (0.04) 1.28  0.52 
 1.33 
 3.59 
IMOPX  0.75  0.11  0.11  0.22  0.75 
 1.86 
 4.41 
IMORX  0.75  0.11  0.13  0.23  0.67 
 1.95 
 4.38