Voya Growth And Fund Market Value
| IAVGX Fund | USD 20.48 0.05 0.24% |
| Symbol | Voya |
Voya Growth '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 Growth'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 Growth.
| 03/09/2024 |
| 05/08/2024 |
If you would invest 0.00 in Voya Growth on March 9, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Growth And or generate 0.0% return on investment in Voya Growth over 60 days. Voya Growth is related to or competes with T Rowe, Bbh Intermediate, Morningstar Defensive, Georgia Tax, Maryland Tax, Ab Global, and Ab Bond. Under normal market conditions, the Portfolio invests at least 65 percent of its total assets in common stocks that the ... More
Voya Growth 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 Growth'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 Growth And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7849 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.19 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.11 |
Voya Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Growth's standard deviation. In reality, there are many statistical measures that can use Voya Growth historical prices to predict the future Voya Growth's volatility.| Risk Adjusted Performance | 0.0432 | |||
| Jensen Alpha | 0.0445 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Growth'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 Growth And Backtested Returns
We consider Voya Growth very steady. Voya Growth And owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0671, which indicates the fund had a 0.0671% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Growth And, which you can use to evaluate the volatility of the fund. Please validate Voya Growth's Risk Adjusted Performance of 0.0432, semi deviation of 0.7073, and Coefficient Of Variation of 1490.33 to confirm if the risk estimate we provide is consistent with the expected return of 0.0481%. The entity has a beta of -0.097, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voya Growth are expected to decrease at a much lower rate. During the bear market, Voya Growth is likely to outperform the market.
Auto-correlation | -0.5 |
Modest reverse predictability
Voya Growth And has modest reverse predictability. Overlapping area represents the amount of predictability between Voya Growth time series from 9th of March 2024 to 8th of April 2024 and 8th of April 2024 to 8th of May 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 Growth And price movement. The serial correlation of -0.5 indicates that about 50.0% of current Voya Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Voya Growth And lagged returns against current returns
Autocorrelation, which is Voya Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Voya Growth returns to help us make a trade decision. For example, suppose you find that Voya Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Growth Lagged Returns
When evaluating Voya Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Growth mutual fund have on its future price. Voya Growth 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 Growth autocorrelation shows the relationship between Voya Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Growth And.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Voya Growth in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Voya Growth's short interest history, or implied volatility extrapolated from Voya Growth options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Voya Growth Correlation, Voya Growth Volatility and Voya Growth Alpha and Beta module to complement your research on Voya Growth. Note that the Voya Growth And information on this page should be used as a complementary analysis to other Voya Growth's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Voya Growth technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.