Voya Smallcap Opportunities Fund Market Value
| VRSCX Fund | USD 25.87 0.13 0.51% |
| Symbol | Voya |
Voya Smallcap '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 Smallcap'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 Smallcap.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Voya Smallcap on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Smallcap Opportunities or generate 0.0% return on investment in Voya Smallcap over 30 days. Voya Smallcap is related to or competes with Franklin Federal, Sterling Capital, Goldman Sachs, Jhancock Short, Chartwell Short, Aqr Sustainable, and Astor Long/short. The fund normally invests at least 80 percent of its net assets in common stock of smaller, lesser-known U.S More
Voya Smallcap 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 Smallcap'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 Smallcap Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.0389 | |||
| Maximum Drawdown | 7.21 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.11 |
Voya Smallcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Smallcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Smallcap's standard deviation. In reality, there are many statistical measures that can use Voya Smallcap historical prices to predict the future Voya Smallcap's volatility.| Risk Adjusted Performance | 0.1154 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0409 | |||
| Treynor Ratio | 0.1203 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Smallcap's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Voya Smallcap Opport Backtested Returns
Voya Smallcap appears to be very steady, given 3 months investment horizon. Voya Smallcap Opport owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Smallcap Opportunities, which you can use to evaluate the volatility of the fund. Please review Voya Smallcap's Risk Adjusted Performance of 0.1154, coefficient of variation of 686.5, and Semi Deviation of 1.06 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.48, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Voya Smallcap will likely underperform.
Auto-correlation | 0.93 |
Excellent predictability
Voya Smallcap Opportunities has excellent predictability. Overlapping area represents the amount of predictability between Voya Smallcap 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 Smallcap Opport price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Voya Smallcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Voya Smallcap Opport lagged returns against current returns
Autocorrelation, which is Voya Smallcap 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 Smallcap's mutual fund expected returns. We can calculate the autocorrelation of Voya Smallcap returns to help us make a trade decision. For example, suppose you find that Voya Smallcap 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 Smallcap 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 Smallcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Smallcap 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 Smallcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Smallcap Lagged Returns
When evaluating Voya Smallcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Smallcap mutual fund have on its future price. Voya Smallcap 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 Smallcap autocorrelation shows the relationship between Voya Smallcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Smallcap Opportunities.
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 Smallcap 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 Smallcap security.
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