Voya Gnma Income Fund Market Value
| VGMBX Fund | USD 7.41 0.06 0.82% |
| Symbol | Voya |
Voya Gnma '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 Gnma'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 Gnma.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Voya Gnma on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Voya Gnma Income or generate 0.0% return on investment in Voya Gnma over 510 days. Voya Gnma is related to or competes with Falcon Focus, T Rowe, Red Oak, Abr 75/25, and Aam Select. Under normal market conditions, the fund invests at least 80 percent of its net assets in GNMA Certificates More
Voya Gnma 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 Gnma'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 Gnma Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.5 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.4027 |
Voya Gnma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Gnma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Gnma's standard deviation. In reality, there are many statistical measures that can use Voya Gnma historical prices to predict the future Voya Gnma's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.36) |
Voya Gnma Income Backtested Returns
Voya Gnma Income owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0388, which indicates the fund had a -0.0388% return per unit of risk over the last 3 months. Voya Gnma Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voya Gnma's Risk Adjusted Performance of (0.07), variance of 0.0883, and Coefficient Of Variation of (1,483) to confirm the risk estimate we provide. The entity has a beta of 0.0841, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Voya Gnma's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Gnma is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Voya Gnma Income has modest predictability. Overlapping area represents the amount of predictability between Voya Gnma time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Gnma Income price movement. The serial correlation of 0.52 indicates that about 52.0% of current Voya Gnma price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Voya Gnma Income lagged returns against current returns
Autocorrelation, which is Voya Gnma 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 Gnma's mutual fund expected returns. We can calculate the autocorrelation of Voya Gnma returns to help us make a trade decision. For example, suppose you find that Voya Gnma 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 Gnma 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 Gnma mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Gnma 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 Gnma mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Gnma Lagged Returns
When evaluating Voya Gnma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Gnma mutual fund have on its future price. Voya Gnma 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 Gnma autocorrelation shows the relationship between Voya Gnma mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Gnma Income.
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 Gnma 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 Gnma security.
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