Voya Retirement Growth Fund Quote
| IRGPX Fund | USD 11.63 0.08 0.69% |
Performance3 of 100
| Odds Of DistressLess than 22
|
Voya Retirement is trading at 11.63 as of the 23rd of April 2024; that is 0.69 percent up since the beginning of the trading day. The fund's open price was 11.55. Voya Retirement has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Voya Retirement Growth are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of June 2023 and ending today, the 23rd of April 2024. Click here to learn more.
The Portfolio invests in a combination of underlying funds according to a model that is intended to reflect an allocation of approximately 80 percent of the Portfolios assets in equity securities and 20 percent of the Portfolios assets in fixed-income securities. More on Voya Retirement Growth
Moving together with Voya Mutual Fund
| 0.63 | ILBPX | Voya Limited Maturity | PairCorr |
| 0.93 | IMCDX | Voya Emerging Markets | PairCorr |
Voya Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Voya Retirement's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Voya Retirement or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Voya Funds, Large Blend Funds, Allocation--70% to 85% Equity Funds, Allocation--70% to 85% Equity, Voya (View all Sectors) |
| Update Date | 31st of March 2024 |
Voya Retirement Growth [IRGPX] is traded in USA and was established 23rd of April 2024. Voya Retirement is listed under Voya category by Fama And French industry classification. The fund is listed under Allocation--70% to 85% Equity category and is part of Voya family. This fund currently has accumulated 2.87 B in assets under management (AUM) with no minimum investment requirementsVoya Retirement Growth is currently producing year-to-date (YTD) return of 1.85% with the current yeild of 0.01%, while the total return for the last 3 years was 2.58%.
Check Voya Retirement Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Voya Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Voya Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Voya Retirement Growth Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Voya Retirement Growth Mutual Fund Constituents
| IEPIX | Voya Emerging Markets | Mutual Fund | Diversified Emerging Mkts |
| IGZAX | Voya Short Term | Mutual Fund | Short-Term Bond |
| IIIIX | Voya International Index | Mutual Fund | Foreign Large Blend |
| IIRMX | Voya Russelltm Mid | Mutual Fund | Mid-Cap Blend |
| IIRSX | Voya Russelltm Small | Mutual Fund | Small Blend |
| ILBAX | Voya Bond Index | Mutual Fund | Intermediate Core Bond |
| INGIX | Voya Stock Index | Mutual Fund | Large Blend |
Voya Retirement Target Price Odds Analysis
Based on a normal probability distribution, the odds of Voya Retirement jumping above the current price in 90 days from now is about 66.15%. The Voya Retirement Growth probability density function shows the probability of Voya Retirement mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Voya Retirement has a beta of 0.7727. This usually indicates as returns on the market go up, Voya Retirement average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Voya Retirement Growth will be expected to be much smaller as well. Additionally, voya Retirement Growth has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Voya Retirement to move above the current price in 90 days from now is about 66.15 (This Voya Retirement Growth probability density function shows the probability of Voya Mutual Fund to fall within a particular range of prices over 90 days) .
Voya Retirement Growth Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Voya Retirement market risk premium is the additional return an investor will receive from holding Voya Retirement long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Voya Retirement. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Voya Retirement's alpha and beta are two of the key measurements used to evaluate Voya Retirement's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4117 | |||
| Semi Deviation | 0.4506 | |||
| Standard Deviation | 0.5446 | |||
| Variance | 0.2966 |
Voya Retirement Against Markets
Picking the right benchmark for Voya Retirement mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Voya Retirement mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Voya Retirement is critical whether you are bullish or bearish towards Voya Retirement Growth at a given time. Please also check how Voya Retirement's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Voya Retirement without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Voya Mutual Fund?
Before investing in Voya Retirement, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Voya Retirement. To buy Voya Retirement fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Voya Retirement. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Voya Retirement fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Voya Retirement Growth fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Voya Retirement Growth fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Voya Retirement Growth, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Voya Retirement Growth?
The danger of trading Voya Retirement Growth is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Voya Retirement is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Voya Retirement. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Voya Retirement Growth is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Voya Retirement Growth. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.