Voya Russelltm Mid Fund Market Value
| IRMTX Fund | USD 10.97 0.01 0.09% |
| Symbol | Voya |
Voya Russelltm '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 Russelltm'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 Russelltm.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Voya Russelltm on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Russelltm Mid or generate 0.0% return on investment in Voya Russelltm over 30 days. Voya Russelltm is related to or competes with Government Street, Federated Mdt, Janus Enterprise, Victory Integrity, and Virtus Kar. The fund normally invests at least 80 percent of its net assets in equity securities of companies, which are at the time of purchase, included in the index convertible securities that are convertible into stocks included in the index other derivatives whose economic returns are, by design, closely equivalent to the returns of the index or its components and exchange-traded funds that track the index. More
Voya Russelltm 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 Russelltm'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 Russelltm Mid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9296 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.19 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.21 |
Voya Russelltm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Russelltm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Russelltm's standard deviation. In reality, there are many statistical measures that can use Voya Russelltm historical prices to predict the future Voya Russelltm's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0559 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Russelltm'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 Russelltm Mid Backtested Returns
We consider Voya Russelltm very steady. Voya Russelltm Mid owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0853, which indicates the fund had a 0.0853% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Russelltm Mid, which you can use to evaluate the volatility of the fund. Please validate Voya Russelltm's Risk Adjusted Performance of 0.0633, semi deviation of 0.7964, and Coefficient Of Variation of 1020.34 to confirm if the risk estimate we provide is consistent with the expected return of 0.0682%. The entity has a beta of 1.22, 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 Russelltm will likely underperform.
Auto-correlation | 0.25 |
Poor predictability
Voya Russelltm Mid has poor predictability. Overlapping area represents the amount of predictability between Voya Russelltm time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Russelltm Mid price movement. The serial correlation of 0.25 indicates that over 25.0% of current Voya Russelltm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Voya Russelltm Mid lagged returns against current returns
Autocorrelation, which is Voya Russelltm 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 Russelltm's mutual fund expected returns. We can calculate the autocorrelation of Voya Russelltm returns to help us make a trade decision. For example, suppose you find that Voya Russelltm 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 Russelltm 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 Russelltm mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Russelltm 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 Russelltm mutual fund over time.
Current vs Lagged Prices |
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Voya Russelltm Lagged Returns
When evaluating Voya Russelltm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Russelltm mutual fund have on its future price. Voya Russelltm 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 Russelltm autocorrelation shows the relationship between Voya Russelltm mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Russelltm Mid.
Regressed Prices |
| Timeline |
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Voya Russelltm 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.