Voya Global Perspectives Fund Market Value
| IPSRX Fund | USD 9.04 0.04 0.44% |
| Symbol | Voya |
Voya Global '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 Global'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 Global.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Voya Global on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Voya Global Perspectives or generate 0.0% return on investment in Voya Global over 420 days. Voya Global is related to or competes with Royce Opportunity, Lord Abbett, Vanguard Small-cap, Pace Small/medium, Queens Road, Columbia Small, and Victory Rs. The fund normally invests the assets of the portfolio in a combination of underlying funds that invest directly in secur... More
Voya Global 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 Global'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 Global Perspectives upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4529 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 1.93 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.9122 |
Voya Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Global's standard deviation. In reality, there are many statistical measures that can use Voya Global historical prices to predict the future Voya Global's volatility.| Risk Adjusted Performance | 0.0727 | |||
| Jensen Alpha | 1.0E-4 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.1147 |
Voya Global Perspectives Backtested Returns
At this stage we consider Voya Mutual Fund to be very steady. Voya Global Perspectives owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Voya Global Perspectives, which you can use to evaluate the volatility of the fund. Please validate Voya Global's Coefficient Of Variation of 958.3, semi deviation of 0.2698, and Risk Adjusted Performance of 0.0727 to confirm if the risk estimate we provide is consistent with the expected return of 0.0591%. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Voya Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Global is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Voya Global Perspectives has very good predictability. Overlapping area represents the amount of predictability between Voya Global time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd of December 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 Global Perspectives price movement. The serial correlation of 0.82 indicates that around 82.0% of current Voya Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Voya Global Perspectives lagged returns against current returns
Autocorrelation, which is Voya Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Voya Global returns to help us make a trade decision. For example, suppose you find that Voya Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Global Lagged Returns
When evaluating Voya Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Global mutual fund have on its future price. Voya Global 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 Global autocorrelation shows the relationship between Voya Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Global Perspectives.
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 Global 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 Global security.
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