Voya Index Solution Fund Market Value
| VSZIX Fund | USD 14.86 0.01 0.07% |
| Symbol | Voya |
Voya Index '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 Index'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 Index.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Voya Index on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Index Solution or generate 0.0% return on investment in Voya Index over 30 days. Voya Index is related to or competes with American Funds, American Funds, Fidelity Freedom, and Blackrock Lifepath. Under normal market conditions, the Portfolio invests at least 80 percent of its net assets in a combination of underlyi... More
Voya Index 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 Index'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 Index Solution upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7204 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.09 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.12 |
Voya Index Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Index's standard deviation. In reality, there are many statistical measures that can use Voya Index historical prices to predict the future Voya Index's volatility.| Risk Adjusted Performance | 0.0799 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0801 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Index'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 Index Solution Backtested Returns
We consider Voya Index very steady. Voya Index Solution owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0859, which indicates the fund had a 0.0859% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Index Solution, which you can use to evaluate the volatility of the fund. Please validate Voya Index's Semi Deviation of 0.4958, risk adjusted performance of 0.0799, and Coefficient Of Variation of 786.09 to confirm if the risk estimate we provide is consistent with the expected return of 0.0564%. The entity has a beta of 0.92, which indicates possible diversification benefits within a given portfolio. Voya Index returns are very sensitive to returns on the market. As the market goes up or down, Voya Index is expected to follow.
Auto-correlation | 0.63 |
Good predictability
Voya Index Solution has good predictability. Overlapping area represents the amount of predictability between Voya Index 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 Index Solution price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Voya Index price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Voya Index Solution lagged returns against current returns
Autocorrelation, which is Voya Index 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 Index's mutual fund expected returns. We can calculate the autocorrelation of Voya Index returns to help us make a trade decision. For example, suppose you find that Voya Index 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 Index 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 Index mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Index 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 Index mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Index Lagged Returns
When evaluating Voya Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Index mutual fund have on its future price. Voya Index 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 Index autocorrelation shows the relationship between Voya Index mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Index Solution.
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.Check out Voya Index Correlation, Voya Index Volatility and Voya Index Alpha and Beta module to complement your research on Voya Index. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Voya Index 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.