Voya Vacs Index Fund Market Value
| VVICX Fund | 12.95 0.05 0.39% |
| Symbol | Voya |
Voya Vacs '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 Vacs' 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 Vacs.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Voya Vacs on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Vacs Index or generate 0.0% return on investment in Voya Vacs over 180 days. Voya Vacs is related to or competes with Voya Us, Voya Bond, Voya Limited, Voya Limited, Voya Bond, Voya Limited, and Voya Emerging. Under normal market conditions, the portfolio invests at least 80 percent of its net assets in equity securities of comp... More
Voya Vacs 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 Vacs' 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 Vacs Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0278 | |||
| Maximum Drawdown | 7.69 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 2.13 |
Voya Vacs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Vacs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Vacs' standard deviation. In reality, there are many statistical measures that can use Voya Vacs historical prices to predict the future Voya Vacs' volatility.| Risk Adjusted Performance | 0.1057 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0313 | |||
| Treynor Ratio | 0.1087 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Vacs' 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 Vacs Index Backtested Returns
Voya Vacs appears to be very steady, given 3 months investment horizon. Voya Vacs Index owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Vacs Index, which you can use to evaluate the volatility of the fund. Please review Voya Vacs' Coefficient Of Variation of 752.57, semi deviation of 0.9094, and Risk Adjusted Performance of 0.1057 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.51, 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 Vacs will likely underperform.
Auto-correlation | 0.46 |
Average predictability
Voya Vacs Index has average predictability. Overlapping area represents the amount of predictability between Voya Vacs time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Vacs Index price movement. The serial correlation of 0.46 indicates that about 46.0% of current Voya Vacs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Voya Vacs Index lagged returns against current returns
Autocorrelation, which is Voya Vacs 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 Vacs' mutual fund expected returns. We can calculate the autocorrelation of Voya Vacs returns to help us make a trade decision. For example, suppose you find that Voya Vacs 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 Vacs 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 Vacs mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Vacs 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 Vacs mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Vacs Lagged Returns
When evaluating Voya Vacs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Vacs mutual fund have on its future price. Voya Vacs 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 Vacs autocorrelation shows the relationship between Voya Vacs mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Vacs 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 Vacs 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 Vacs security.
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