Voya Bond Index Fund Market Value
| ILBAX Fund | USD 9.08 0.01 0.11% |
| Symbol | Voya |
Voya Bond '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 Bond'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 Bond.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Voya Bond on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Bond Index or generate 0.0% return on investment in Voya Bond over 90 days. Voya Bond is related to or competes with The Gold, Goldman Sachs, Oppenheimer Gold, Gabelli Gold, and Sprott Gold. The fund invests at least 80 percent of its net assets in investment-grade debt instruments rated at least A by Moodys Investors Service, Inc., at least A by SP Global Ratings, or are of comparable quality if unrated, which are at the time of purchase, included in the index derivatives whose economic returns are, by design, closely equivalent to the returns of the index or its components and exchange-traded funds that track the index. More
Voya Bond 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 Bond'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 Bond Index upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.4376 |
Voya Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Bond's standard deviation. In reality, there are many statistical measures that can use Voya Bond historical prices to predict the future Voya Bond's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.49) |
Voya Bond Index Backtested Returns
Voya Bond Index owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0569, which indicates the fund had a -0.0569% return per unit of risk over the last 3 months. Voya Bond Index exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voya Bond's Risk Adjusted Performance of (0.09), variance of 0.0897, and Coefficient Of Variation of (1,075) to confirm the risk estimate we provide. The entity has a beta of 0.0773, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Voya Bond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Bond is expected to be smaller as well.
Auto-correlation | -0.35 |
Poor reverse predictability
Voya Bond Index has poor reverse predictability. Overlapping area represents the amount of predictability between Voya Bond time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th of November 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 Bond Index price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Voya Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Voya Bond Index lagged returns against current returns
Autocorrelation, which is Voya Bond 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 Bond's mutual fund expected returns. We can calculate the autocorrelation of Voya Bond returns to help us make a trade decision. For example, suppose you find that Voya Bond 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 Bond 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 Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Bond 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 Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Bond Lagged Returns
When evaluating Voya Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Bond mutual fund have on its future price. Voya Bond 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 Bond autocorrelation shows the relationship between Voya Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Bond Index.
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 Bond 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 Bond security.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |