Voya Stock Index Fund Market Value
| ISJBX Fund | USD 20.63 0.12 0.59% |
| Symbol | Voya |
Voya Us '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 Us' 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 Us.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Voya Us on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Stock Index or generate 0.0% return on investment in Voya Us over 30 days. Voya Us is related to or competes with Live Oak, Deutsche Health, Alphacentric Lifesci, Health Care, and Highland Longshort. Under normal market conditions, the Portfolio invests at least 80 percent of its net assets in equity securities of companies included in the SP 500 Index or equity securities of companies that are representative of the index . More
Voya Us 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 Us' 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 Stock Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8532 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.81 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.19 |
Voya Us Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Us' standard deviation. In reality, there are many statistical measures that can use Voya Us historical prices to predict the future Voya Us' volatility.| Risk Adjusted Performance | 0.1217 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.134 |
Voya Stock Index Backtested Returns
At this stage we consider Voya Mutual Fund to be very steady. Voya Stock Index owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Stock Index, which you can use to evaluate the volatility of the fund. Please validate Voya Us' Semi Deviation of 0.6444, coefficient of variation of 628.05, and Risk Adjusted Performance of 0.1217 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Voya Us' returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Us is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
Voya Stock Index has excellent predictability. Overlapping area represents the amount of predictability between Voya Us time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Stock Index price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Voya Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Voya Stock Index lagged returns against current returns
Autocorrelation, which is Voya Us 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 Us' mutual fund expected returns. We can calculate the autocorrelation of Voya Us returns to help us make a trade decision. For example, suppose you find that Voya Us 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 Us 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 Us mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Us 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 Us mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Us Lagged Returns
When evaluating Voya Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Us mutual fund have on its future price. Voya Us 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 Us autocorrelation shows the relationship between Voya Us mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Stock 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 Us 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 Us security.
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