Voya Midcap Opportunities Fund Market Value
| VMCRX Fund | USD 5.19 0.04 0.78% |
| Symbol | Voya |
Voya Midcap '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 Midcap'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 Midcap.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Voya Midcap on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Midcap Opportunities or generate 0.0% return on investment in Voya Midcap over 30 days. Voya Midcap is related to or competes with Voya Us, Voya Bond, Voya Limited, Voya Limited, Voya Us, Voya Emerging, and Voya Multi-manager. Under normal market conditions, the Portfolio invests at least 80 percent of its net assets in common stock of mid-sized... More
Voya Midcap 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 Midcap'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 Midcap Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9881 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.48 |
Voya Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Midcap's standard deviation. In reality, there are many statistical measures that can use Voya Midcap historical prices to predict the future Voya Midcap's volatility.| Risk Adjusted Performance | 0.0339 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0307 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Midcap'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 Midcap Opportunities Backtested Returns
We consider Voya Midcap not too volatile. Voya Midcap Opportunities owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0079, which indicates the fund had a 0.0079% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Voya Midcap Opportunities, which you can use to evaluate the volatility of the fund. Please validate Voya Midcap's Semi Deviation of 0.8234, coefficient of variation of 2000.01, and Risk Adjusted Performance of 0.0339 to confirm if the risk estimate we provide is consistent with the expected return of 0.0073%. The entity has a beta of 1.17, 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 Midcap will likely underperform.
Auto-correlation | 0.78 |
Good predictability
Voya Midcap Opportunities has good predictability. Overlapping area represents the amount of predictability between Voya Midcap time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Midcap Opportunities price movement. The serial correlation of 0.78 indicates that around 78.0% of current Voya Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Voya Midcap Opportunities lagged returns against current returns
Autocorrelation, which is Voya Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Voya Midcap returns to help us make a trade decision. For example, suppose you find that Voya Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Midcap Lagged Returns
When evaluating Voya Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Midcap mutual fund have on its future price. Voya Midcap 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 Midcap autocorrelation shows the relationship between Voya Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Midcap Opportunities.
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 Midcap 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 Midcap's short interest history, or implied volatility extrapolated from Voya Midcap 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 Midcap Correlation, Voya Midcap Volatility and Voya Midcap Alpha and Beta module to complement your research on Voya Midcap. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Voya Midcap 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.