VSTUX Mutual Fund Volatility

VSTUX -  USA Fund  

USD 9.84  0.01  0.10%

VOYA Short Term owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the fund had -0.19% of return per unit of risk over the last 3 months. Macroaxis approach into measuring the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. VOYA Short Term exposes twenty-six different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate VOYA Short risk adjusted performance of (0.24), and Coefficient Of Variation of (551.79) to confirm the risk estimate we provide.

VSTUX Volatility 

 
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VOYA Short Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of VSTUX daily returns, and it is calculated using variance and standard deviation. We also use VSTUX's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of VOYA Short volatility.

60 Days Market Risk

Very steady

Chance of Distress

Very Small

60 Days Economic Sensitivity

Moves indifferently to market moves

VOYA Short Market Sensitivity And Downside Risk

VOYA Short's beta coefficient measures the volatility of VSTUX mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents VSTUX mutual fund's returns against your selected market. In other words, VOYA Short's beta of -0.0016 provides an investor with an approximation of how much risk VOYA Short mutual fund can potentially add to one of your existing portfolios.
Let's try to break down what VSTUX's beta means in this case. As returns on the market increase, returns on owning VOYA Short are expected to decrease at a much lower rate. During the bear market, VOYA Short is likely to outperform the market.
3 Months Beta |Analyze VOYA Short Term Demand Trend
Check current 90 days VOYA Short correlation with market (DOW)

VSTUX Beta

    
  -0.0016  
VSTUX standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  0.0605  
It is essential to understand the difference between upside risk (as represented by VOYA Short's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of VOYA Short stock's daily returns or price. Since the actual investment returns on holding a position in VOYA Short stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in VOYA Short.

VOYA Short Term Mutual Fund Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of VOYA Short Term high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only VOYA Short closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

VOYA Short Projected Return Density Against Market

Assuming the 90 days horizon VOYA Short Term has a beta of -0.0016 . This entails as returns on benchmark increase, returns on holding VOYA Short are expected to decrease at a much lower rate. During the bear market, however, VOYA Short Term is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to VOYA Short or Voya sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that VOYA Short stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a VSTUX stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. VOYA Short Term is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

VOYA Short Mutual Fund Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to VOYA Short or Voya sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that VOYA Short stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a VSTUX stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of VOYA Short is -538.87. The daily returns are distributed with a variance of 0.0 and standard deviation of 0.06. The mean deviation of VOYA Short Term is currently at 0.04. For similar time horizon, the selected benchmark (DOW) has volatility of 0.71
α
Alpha over DOW
-0.02
β
Beta against DOW-0.0016
σ
Overall volatility
0.06
Ir
Information ratio -1.03

VOYA Short Mutual Fund Return Volatility

VOYA Short historical daily return volatility represents how much VOYA Short stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The fund shows 0.0605% volatility of returns over 90 . By contrast, DOW inherits 0.7133% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About VOYA Short Volatility

Volatility is a rate at which the price of VOYA Short or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of VOYA Short may increase or decrease. In other words, similar to VSTUX's beta indicator, it measures the risk of VOYA Short and helps estimate the fluctuations that may happen in a short period of time. So if prices of VOYA Short fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Under normal market conditions, the fund invests at least 80 percent of its net assets in a diversified portfolio of bonds or derivative instruments having economic characteristics similar to bonds. VOYA Short is traded on NASDAQ Exchange in the United States.

VOYA Short Investment Opportunity

DOW has a standard deviation of returns of 0.71 and is 11.83 times more volatile than VOYA Short Term. of all equities and portfolios are less risky than VOYA Short. Compared to the overall equity markets, volatility of historical daily returns of VOYA Short Term is lower than 0 () of all global equities and portfolios over the last 90 days. Use VOYA Short Term to protect your portfolios against small market fluctuations. The mutual fund experiences a normal downward trend and little activity. Check odds of VOYA Short to be traded at $9.74 in 90 days. . Let's try to break down what VSTUX's beta means in this case. As returns on the market increase, returns on owning VOYA Short are expected to decrease at a much lower rate. During the bear market, VOYA Short is likely to outperform the market.

Good diversification

The correlation between VOYA Short Term and DJI is Good diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VOYA Short Term and DJI in the same portfolio assuming nothing else is changed.

VOYA Short Additional Risk Indicators

The analysis of VOYA Short's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in VOYA Short's investment and either accepting that risk or mitigating it. Along with some common measures of VOYA Short stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance(0.24)
Market Risk Adjusted Performance12.95
Mean Deviation0.0359
Coefficient Of Variation(551.79)
Standard Deviation0.0591
Variance0.0035
Information Ratio(1.03)
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

VOYA Short Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against VOYA Short as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. VOYA Short's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, VOYA Short's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to VOYA Short Term.
Also, please take a look at World Market Map. Note that the VOYA Short Term information on this page should be used as a complementary analysis to other VOYA Short's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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Please note, there is a significant difference between VOYA Short's value and its price as these two are different measures arrived at by different means. Investors typically determine VOYA Short value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VOYA Short'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.