Voya High Correlations
| VPHYXDelisted Fund | USD 6.64 0.00 0.00% |
The current 90-days correlation between Voya High Yield and Kinetics Small Cap is 0.1 (i.e., Average diversification). The correlation of Voya High 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 High Correlation With Market
Average diversification
The correlation between Voya High Yield and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya High Yield and DJI in the same portfolio, assuming nothing else is changed.
Voya |
Moving together with Voya Mutual Fund
| 0.74 | PDI | Pimco Dynamic Income | PairCorr |
| 0.72 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Voya Mutual Fund
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Voya Mutual Fund performing well and Voya High 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 High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KSCYX | 1.31 | 0.50 | 0.28 | 0.60 | 1.17 | 3.29 | 13.94 | |||
| IUSCX | 0.95 | (0.05) | 0.02 | 0.09 | 0.94 | 2.29 | 8.00 | |||
| MSSGX | 1.45 | 0.42 | 0.31 | 0.39 | 1.11 | 3.46 | 7.23 | |||
| TVOYX | 0.79 | (0.02) | 0.02 | 0.11 | 0.67 | 1.70 | 6.73 | |||
| TQAAX | 0.81 | (0.03) | 0.00 | 0.10 | 0.98 | 1.75 | 6.10 | |||
| QUAKX | 0.93 | 0.01 | 0.05 | 0.14 | 1.04 | 1.92 | 6.77 | |||
| VISGX | 0.81 | 0.08 | 0.10 | 0.19 | 0.85 | 1.78 | 5.31 | |||
| APDSX | 0.95 | 0.01 | 0.03 | 0.14 | 1.14 | 2.03 | 5.77 |
Voya High Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Voya High mutual fund to make a market-neutral strategy. Peer analysis of Voya High could also be used in its relative valuation, which is a method of valuing Voya High by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Voya High Yield?
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