Voya Corporate Leaders Fund Market Value
| VYCGX Fund | USD 22.51 0.04 0.18% |
| Symbol | Voya |
Voya Corporate '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 Corporate'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 Corporate.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Voya Corporate on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Corporate Leaders or generate 0.0% return on investment in Voya Corporate over 30 days. Voya Corporate is related to or competes with Dodge Cox, American Funds, American Funds, American Mutual, and Vanguard Value. The fund invests primarily in equity securities of issuers included in the Standard Poors 100 Index More
Voya Corporate 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 Corporate'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 Corporate Leaders upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7052 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 2.68 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 0.9537 |
Voya Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Corporate's standard deviation. In reality, there are many statistical measures that can use Voya Corporate historical prices to predict the future Voya Corporate's volatility.| Risk Adjusted Performance | 0.0519 | |||
| Jensen Alpha | 0.047 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Corporate'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 Corporate Leaders Backtested Returns
We consider Voya Corporate very steady. Voya Corporate Leaders owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0759, which indicates the fund had a 0.0759% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Corporate Leaders, which you can use to evaluate the volatility of the fund. Please validate Voya Corporate's Risk Adjusted Performance of 0.0519, semi deviation of 0.5876, and Coefficient Of Variation of 1185.76 to confirm if the risk estimate we provide is consistent with the expected return of 0.0453%. The entity has a beta of -0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voya Corporate are expected to decrease at a much lower rate. During the bear market, Voya Corporate is likely to outperform the market.
Auto-correlation | 0.16 |
Very weak predictability
Voya Corporate Leaders has very weak predictability. Overlapping area represents the amount of predictability between Voya Corporate time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Corporate Leaders price movement. The serial correlation of 0.16 indicates that over 16.0% of current Voya Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Voya Corporate Leaders lagged returns against current returns
Autocorrelation, which is Voya Corporate 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 Corporate's mutual fund expected returns. We can calculate the autocorrelation of Voya Corporate returns to help us make a trade decision. For example, suppose you find that Voya Corporate 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 Corporate 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 Corporate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Corporate 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 Corporate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Corporate Lagged Returns
When evaluating Voya Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Corporate mutual fund have on its future price. Voya Corporate 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 Corporate autocorrelation shows the relationship between Voya Corporate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Corporate Leaders.
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 Corporate 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 Corporate's short interest history, or implied volatility extrapolated from Voya Corporate options trading.
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 Corporate Correlation, Voya Corporate Volatility and Voya Corporate Alpha and Beta module to complement your research on Voya Corporate. Note that the Voya Corporate Leaders information on this page should be used as a complementary analysis to other Voya Corporate'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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Voya Corporate 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.