Voya Large Cap Fund Market Value
| VLCRX Fund | USD 6.20 0.01 0.16% |
| Symbol | Voya |
Voya Large '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 Large'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 Large.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Voya Large on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Voya Large Cap or generate 0.0% return on investment in Voya Large over 720 days. Voya Large is related to or competes with Edgewood Growth, Hartford Schroders, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. The Portfolio invests at least 80 percent of its net assets in a portfolio of equity securities of dividend-paying, larg... More
Voya Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7831 | |||
| Information Ratio | 0.017 | |||
| Maximum Drawdown | 2.58 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.02 |
Voya Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Large's standard deviation. In reality, there are many statistical measures that can use Voya Large historical prices to predict the future Voya Large's volatility.| Risk Adjusted Performance | 0.1075 | |||
| Jensen Alpha | 0.0163 | |||
| Total Risk Alpha | 0.0119 | |||
| Sortino Ratio | 0.0133 | |||
| Treynor Ratio | 0.1028 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Large'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 Large Cap Backtested Returns
We consider Voya Large very steady. Voya Large Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Large Cap, which you can use to evaluate the volatility of the fund. Please validate Voya Large's Risk Adjusted Performance of 0.1075, coefficient of variation of 579.33, and Semi Deviation of 0.5208 to confirm if the risk estimate we provide is consistent with the expected return of 0.0984%. The entity has a beta of 0.93, which indicates possible diversification benefits within a given portfolio. Voya Large returns are very sensitive to returns on the market. As the market goes up or down, Voya Large is expected to follow.
Auto-correlation | -0.39 |
Poor reverse predictability
Voya Large Cap has poor reverse predictability. Overlapping area represents the amount of predictability between Voya Large time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 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 Large Cap price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Voya Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Voya Large Cap lagged returns against current returns
Autocorrelation, which is Voya Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Voya Large returns to help us make a trade decision. For example, suppose you find that Voya Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Large Lagged Returns
When evaluating Voya Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Large mutual fund have on its future price. Voya Large 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 Large autocorrelation shows the relationship between Voya Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Large Cap.
Regressed Prices |
| Timeline |
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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 Large Correlation, Voya Large Volatility and Voya Large Alpha and Beta module to complement your research on Voya Large. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Voya Large 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.