Voya Global Multi Asset Fund Market Value
| VYGKX Fund | USD 11.74 0.05 0.43% |
| Symbol | Voya |
Voya Global '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 Global'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 Global.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Voya Global on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Voya Global Multi Asset or generate 0.0% return on investment in Voya Global over 360 days. Voya Global is related to or competes with Voya Bond, Voya Bond, Voya Limited, Voya Limited, Voya Bond, Voya Limited, and Voya Emerging. The fund invests directly or indirectly at least 80 percent of its net assets in investments that the sub- adviser belie... More
Voya Global 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 Global'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 Global Multi Asset upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4479 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.99 | |||
| Value At Risk | (0.59) | |||
| Potential Upside | 0.6029 |
Voya Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Global's standard deviation. In reality, there are many statistical measures that can use Voya Global historical prices to predict the future Voya Global's volatility.| Risk Adjusted Performance | 0.0755 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.0876 |
Voya Global Multi Backtested Returns
At this stage we consider Voya Mutual Fund to be very steady. Voya Global Multi owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0934, which indicates the fund had a 0.0934% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Global Multi Asset, which you can use to evaluate the volatility of the fund. Please validate Voya Global's Semi Deviation of 0.3103, risk adjusted performance of 0.0755, and Coefficient Of Variation of 904.2 to confirm if the risk estimate we provide is consistent with the expected return of 0.0366%. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Voya Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Global is expected to be smaller as well.
Auto-correlation | -0.02 |
Very weak reverse predictability
Voya Global Multi Asset has very weak reverse predictability. Overlapping area represents the amount of predictability between Voya Global time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Global Multi price movement. The serial correlation of -0.02 indicates that only 2.0% of current Voya Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Voya Global Multi lagged returns against current returns
Autocorrelation, which is Voya Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Voya Global returns to help us make a trade decision. For example, suppose you find that Voya Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Global Lagged Returns
When evaluating Voya Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Global mutual fund have on its future price. Voya Global 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 Global autocorrelation shows the relationship between Voya Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Global Multi Asset.
Regressed Prices |
| Timeline |
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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 Global 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 Global security.
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