Voya Target Retirement Fund Market Value

IRSVX Fund  USD 13.92  0.12  0.87%   
Voya Target's market value is the price at which a share of Voya Target trades on a public exchange. It measures the collective expectations of Voya Target Retirement investors about its performance. Voya Target is trading at 13.92 as of the 28th of March 2024; that is 0.87 percent increase since the beginning of the trading day. The fund's open price was 13.8.
With this module, you can estimate the performance of a buy and hold strategy of Voya Target Retirement and determine expected loss or profit from investing in Voya Target over a given investment horizon. Check out Voya Target Correlation, Voya Target Volatility and Voya Target Alpha and Beta module to complement your research on Voya Target.
Symbol

Please note, there is a significant difference between Voya Target's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Target is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Target's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
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.

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.
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.
Hype
Prediction
LowEstimatedHigh
13.2913.9214.55
Details
Intrinsic
Valuation
LowRealHigh
13.0013.6314.26
Details
Naive
Forecast
LowNextHigh
13.2513.8814.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.7413.8513.95
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Voya Target. Your research has to be compared to or analyzed against Voya Target's peers to derive any actionable benefits. When done correctly, Voya Target's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Voya Target Retirement.

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 Coefficient0.72
Spearman Rank Test0.64
Residual Average0.0
Price Variance0.01

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  

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Check out Voya Target Correlation, Voya Target Volatility and Voya Target Alpha and Beta module to complement your research on Voya Target.
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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.
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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.
A focus of Voya Target technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Voya Target trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...