Voya Real Estate Fund Market Value
| CRARX Fund | USD 9.60 0.15 1.54% |
| Symbol | Voya |
Voya Real '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 Real'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 Real.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Voya Real on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Real Estate or generate 0.0% return on investment in Voya Real over 30 days. Voya Real is related to or competes with Realty Income, Dynex Capital, First Industrial, Healthcare Realty, Kennedy Wilson, Belpointe PREP, and Park Hotels. Under normal market conditions, the fund invests at least 80 percent of its assets in common and preferred stocks of U.S More
Voya Real 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 Real'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 Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 6.81 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.5 |
Voya Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Real's standard deviation. In reality, there are many statistical measures that can use Voya Real historical prices to predict the future Voya Real's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Real'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 Real Estate Backtested Returns
Voya Real Estate owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.07, which indicates the fund had a -0.07% return per unit of risk over the last 3 months. Voya Real Estate exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voya Real's Risk Adjusted Performance of (0.06), variance of 1.29, and Coefficient Of Variation of (989.84) to confirm the risk estimate we provide. The entity has a beta of 1.34, 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 Real will likely underperform.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Voya Real Estate has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Voya Real time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Real Estate price movement. The serial correlation of -0.77 indicates that around 77.0% of current Voya Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Voya Real Estate lagged returns against current returns
Autocorrelation, which is Voya Real 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 Real's mutual fund expected returns. We can calculate the autocorrelation of Voya Real returns to help us make a trade decision. For example, suppose you find that Voya Real 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 Real 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 Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Real 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 Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Real Lagged Returns
When evaluating Voya Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Real mutual fund have on its future price. Voya Real 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 Real autocorrelation shows the relationship between Voya Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Real Estate.
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 Real 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 Real's short interest history, or implied volatility extrapolated from Voya Real options trading.
Pair Trading with Voya Real
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Voya Real position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Voya Real will appreciate offsetting losses from the drop in the long position's value.Moving together with Voya Mutual Fund
| 0.77 | DX | Dynex Capital Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Voya Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Voya Real when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Voya Real - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Voya Real Estate to buy it.
The correlation of Voya Real is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Voya Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Voya Real Estate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Voya Real can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Voya Real Correlation, Voya Real Volatility and Voya Real Alpha and Beta module to complement your research on Voya Real. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Voya Real 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.