Voya Small Pany Fund Market Value
| IVCSX Fund | USD 14.63 0.02 0.14% |
| Symbol | Voya |
Voya Small '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 Small'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 Small.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Voya Small on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Small Pany or generate 0.0% return on investment in Voya Small over 30 days. Voya Small is related to or competes with T Rowe, Morningstar Unconstrained, and SPACE. Under normal market conditions, the Portfolio invests at least 80 percent of its net assets in common stocks of small-ca... More
Voya Small 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 Small'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 Small Pany upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.96 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.87 |
Voya Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Small's standard deviation. In reality, there are many statistical measures that can use Voya Small historical prices to predict the future Voya Small's volatility.| Risk Adjusted Performance | 0.0182 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0097 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Small'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 Small Pany Backtested Returns
We consider Voya Small very steady. Voya Small Pany owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0018, which indicates the fund had a 0.0018% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Small Pany, which you can use to evaluate the volatility of the fund. Please validate Voya Small's Semi Deviation of 1.29, risk adjusted performance of 0.0182, and Coefficient Of Variation of 4707.93 to confirm if the risk estimate we provide is consistent with the expected return of 0.0023%. The entity has a beta of 1.68, 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 Small will likely underperform.
Auto-correlation | 0.21 |
Weak predictability
Voya Small Pany has weak predictability. Overlapping area represents the amount of predictability between Voya Small time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Small Pany price movement. The serial correlation of 0.21 indicates that over 21.0% of current Voya Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Voya Small Pany lagged returns against current returns
Autocorrelation, which is Voya Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Voya Small returns to help us make a trade decision. For example, suppose you find that Voya Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Small Lagged Returns
When evaluating Voya Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Small mutual fund have on its future price. Voya Small 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 Small autocorrelation shows the relationship between Voya Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Small Pany.
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 Small 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 Small's short interest history, or implied volatility extrapolated from Voya Small options trading.
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Voya Small 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.