Voya Emerging Markets Fund Market Value
| IMCDX Fund | USD 8.71 0.00 0.00% |
| Symbol | Voya |
Voya Emerging '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 Emerging'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 Emerging.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Voya Emerging on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Voya Emerging Markets or generate 0.0% return on investment in Voya Emerging over 570 days. Voya Emerging 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 fund invests at least 80 percent of its net assets in fixed-income and floating rate... More
Voya Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
Voya Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Emerging's standard deviation. In reality, there are many statistical measures that can use Voya Emerging historical prices to predict the future Voya Emerging'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 Emerging'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.
Voya Emerging Markets Backtested Returns
We have found three technical indicators for Voya Emerging Markets, which you can use to evaluate the volatility of the fund. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Voya Emerging are completely uncorrelated.
Auto-correlation | 0.66 |
Good predictability
Voya Emerging Markets has good predictability. Overlapping area represents the amount of predictability between Voya Emerging time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Emerging Markets price movement. The serial correlation of 0.66 indicates that around 66.0% of current Voya Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Voya Emerging Markets lagged returns against current returns
Autocorrelation, which is Voya Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Voya Emerging returns to help us make a trade decision. For example, suppose you find that Voya Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Emerging Lagged Returns
When evaluating Voya Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Emerging mutual fund have on its future price. Voya Emerging 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 Emerging autocorrelation shows the relationship between Voya Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Emerging Markets.
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 Emerging 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 Emerging security.
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