VOYA FINL INC Market Value
| 929089AC4 | 87.39 0.66 0.76% |
| Symbol | 929089AC4 |
929089AC4 '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 929089AC4's bond 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 929089AC4.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in 929089AC4 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding VOYA FINL INC or generate 0.0% return on investment in 929089AC4 over 30 days. 929089AC4 is related to or competes with 00108WAF7, 90331HPL1, Charles Schwab, Knightscope, Liberty Media, Marvell Technology, and GM. More
929089AC4 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 929089AC4's bond 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 FINL INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.32 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.11 |
929089AC4 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 929089AC4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 929089AC4's standard deviation. In reality, there are many statistical measures that can use 929089AC4 historical prices to predict the future 929089AC4's volatility.| Risk Adjusted Performance | 0.03 | |||
| Jensen Alpha | 0.0306 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2955 |
VOYA FINL INC Backtested Returns
VOYA FINL INC secures Sharpe Ratio (or Efficiency) of -0.07, which signifies that the bond had a -0.07% return per unit of risk over the last 3 months. VOYA FINL INC exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 929089AC4's Mean Deviation of 1.22, semi deviation of 1.95, and Risk Adjusted Performance of 0.03 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 929089AC4's returns are expected to increase less than the market. However, during the bear market, the loss of holding 929089AC4 is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
VOYA FINL INC has weak reverse predictability. Overlapping area represents the amount of predictability between 929089AC4 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 FINL INC price movement. The serial correlation of -0.22 indicates that over 22.0% of current 929089AC4 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
VOYA FINL INC lagged returns against current returns
Autocorrelation, which is 929089AC4 bond'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 929089AC4's bond expected returns. We can calculate the autocorrelation of 929089AC4 returns to help us make a trade decision. For example, suppose you find that 929089AC4 has exhibited high autocorrelation historically, and you observe that the bond 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 |
929089AC4 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 929089AC4 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 929089AC4 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 929089AC4 bond over time.
Current vs Lagged Prices |
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929089AC4 Lagged Returns
When evaluating 929089AC4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 929089AC4 bond have on its future price. 929089AC4 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, 929089AC4 autocorrelation shows the relationship between 929089AC4 bond current value and its past values and can show if there is a momentum factor associated with investing in VOYA FINL INC.
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 929089AC4 Bond
929089AC4 financial ratios help investors to determine whether 929089AC4 Bond 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 929089AC4 with respect to the benefits of owning 929089AC4 security.