Voya Russelltm Small Fund Market Value
| IRSIX Fund | USD 13.45 0.62 4.41% |
| Symbol | Voya |
Voya Russelltm '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 Russelltm'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 Russelltm.
| 10/20/2024 |
| 12/19/2024 |
If you would invest 0.00 in Voya Russelltm on October 20, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Russelltm Small or generate 0.0% return on investment in Voya Russelltm over 60 days. Voya Russelltm is related to or competes with Voya Bond, Voya Bond, Voya Limited, Voya Limited, Voya Bond, Voya Limited, and Voya Emerging. The fund normally invests at least 80 percent of its net assets in equity securities of companies, which are at the time of purchase, included in the index convertible securities that are convertible into stocks included in the index other 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 Russelltm 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 Russelltm'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 Russelltm Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9871 | |||
| Information Ratio | 0.063 | |||
| Maximum Drawdown | 7.65 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.95 |
Voya Russelltm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Russelltm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Russelltm's standard deviation. In reality, there are many statistical measures that can use Voya Russelltm historical prices to predict the future Voya Russelltm's volatility.| Risk Adjusted Performance | 0.0725 | |||
| Jensen Alpha | 0.0917 | |||
| Total Risk Alpha | 0.0669 | |||
| Sortino Ratio | 0.0782 | |||
| Treynor Ratio | 0.3931 |
Voya Russelltm Small Backtested Returns
At this stage we consider Voya Mutual Fund to be very steady. Voya Russelltm Small owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0101, which indicates the fund had a 0.0101% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Voya Russelltm Small, which you can use to evaluate the volatility of the fund. Please validate Voya Russelltm's Risk Adjusted Performance of 0.0725, coefficient of variation of 1152.5, and Semi Deviation of 0.8223 to confirm if the risk estimate we provide is consistent with the expected return of 0.0135%. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Voya Russelltm's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Russelltm is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Voya Russelltm Small has weak reverse predictability. Overlapping area represents the amount of predictability between Voya Russelltm time series from 20th of October 2024 to 19th of November 2024 and 19th of November 2024 to 19th 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 Russelltm Small price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Voya Russelltm price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Voya Russelltm Small lagged returns against current returns
Autocorrelation, which is Voya Russelltm 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 Russelltm's mutual fund expected returns. We can calculate the autocorrelation of Voya Russelltm returns to help us make a trade decision. For example, suppose you find that Voya Russelltm 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 Russelltm 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 Russelltm mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Russelltm 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 Russelltm mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Russelltm Lagged Returns
When evaluating Voya Russelltm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Russelltm mutual fund have on its future price. Voya Russelltm 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 Russelltm autocorrelation shows the relationship between Voya Russelltm mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Russelltm Small.
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 Russelltm 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 Russelltm security.
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