Voya Target Retirement Fund Market Value
IRSVX Fund | USD 13.92 0.12 0.87% |
Symbol | Voya |
Voya Target '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 Target'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 Target.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Voya Target on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Target Retirement or generate 0.0% return on investment in Voya Target over 30 days. Voya Target is related to or competes with State Farm, Vy T, Vy T, Voya Solution, Voya Us, Voya Solution, and Voya Us. The fund invests primarily in a combination of underlying funds, which are actively managed funds or passively managed f... More
Voya Target 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 Target'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 Target Retirement upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.67 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 2.76 | |||
Value At Risk | (0.93) | |||
Potential Upside | 1.17 |
Voya Target Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Target's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Target's standard deviation. In reality, there are many statistical measures that can use Voya Target historical prices to predict the future Voya Target's volatility.Risk Adjusted Performance | 0.1151 | |||
Jensen Alpha | 0.1231 | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | (2.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Target'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 Target Retirement Backtested Returns
We consider Voya Target very steady. Voya Target Retirement owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Target Retirement, which you can use to evaluate the volatility of the fund. Please validate Voya Target's Coefficient Of Variation of 486.75, semi deviation of 0.3363, and Risk Adjusted Performance of 0.1151 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of -0.0525, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voya Target are expected to decrease at a much lower rate. During the bear market, Voya Target is likely to outperform the market.
Auto-correlation | 0.72 |
Good predictability
Voya Target Retirement has good predictability. Overlapping area represents the amount of predictability between Voya Target time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Target Retirement price movement. The serial correlation of 0.72 indicates that around 72.0% of current Voya Target price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.72 | |
Spearman Rank Test | 0.64 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Voya Target Retirement lagged returns against current returns
Autocorrelation, which is Voya Target 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 Target's mutual fund expected returns. We can calculate the autocorrelation of Voya Target returns to help us make a trade decision. For example, suppose you find that Voya Target 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 Target 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 Target mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Target 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 Target mutual fund over time.
Current vs Lagged Prices |
Timeline |
Voya Target Lagged Returns
When evaluating Voya Target's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Target mutual fund have on its future price. Voya Target 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 Target autocorrelation shows the relationship between Voya Target mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Target Retirement.
Regressed Prices |
Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Voya Target Correlation, Voya Target Volatility and Voya Target Alpha and Beta module to complement your research on Voya Target. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Voya Mutual Fund analysis
When running Voya Target's price analysis, check to measure Voya Target's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Voya Target is operating at the current time. Most of Voya Target's value examination focuses on studying past and present price action to predict the probability of Voya Target's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Voya Target's price. Additionally, you may evaluate how the addition of Voya Target to your portfolios can decrease your overall portfolio volatility.
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Transaction History View history of all your transactions and understand their impact on performance | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |
Voya Target 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.