Voya Midcap Opportunities Fund Market Value

VMCRX Fund  USD 5.60  0.03  0.54%   
Voya Midcap's market value is the price at which a share of Voya Midcap trades on a public exchange. It measures the collective expectations of Voya Midcap Opportunities investors about its performance. Voya Midcap is trading at 5.60 as of the 28th of March 2024; that is 0.54 percent up since the beginning of the trading day. The fund's open price was 5.57.
With this module, you can estimate the performance of a buy and hold strategy of Voya Midcap Opportunities and determine expected loss or profit from investing in Voya Midcap over a given investment horizon. Check out Voya Midcap Correlation, Voya Midcap Volatility and Voya Midcap Alpha and Beta module to complement your research on Voya Midcap.
Symbol

Please note, there is a significant difference between Voya Midcap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Midcap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Midcap'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 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.
0.00
09/30/2023
No Change 0.00  0.0 
In 5 months and 30 days
03/28/2024
0.00
If you would invest  0.00  in Voya Midcap on September 30, 2023 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 180 days. Voya Midcap is related to or competes with USCF Gold, Vy T, Vy T, Voya Solution, Voya Solution, Voya Us, and Voya Solution. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
4.695.596.49
Details
Intrinsic
Valuation
LowRealHigh
4.265.166.06
Details
Naive
Forecast
LowNextHigh
4.715.616.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.525.575.62
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Voya Midcap. Your research has to be compared to or analyzed against Voya Midcap's peers to derive any actionable benefits. When done correctly, Voya Midcap'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 Midcap Opportunities.

Voya Midcap Opportunities Backtested Returns

We consider Voya Midcap not too volatile. Voya Midcap Opportunities owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the fund had a 0.18% 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 0.6673, risk adjusted performance of 0.1056, and Coefficient Of Variation of 544.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The entity has a beta of 1.16, 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

    
  0.79  

Good predictability

Voya Midcap Opportunities has good predictability. Overlapping area represents the amount of predictability between Voya Midcap time series from 30th of September 2023 to 29th of December 2023 and 29th of December 2023 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 Midcap Opportunities price movement. The serial correlation of 0.79 indicates that around 79.0% of current Voya Midcap price fluctuation can be explain by its past prices.
Correlation Coefficient0.79
Spearman Rank Test0.82
Residual Average0.0
Price Variance0.04

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  

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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Voya Midcap's price analysis, check to measure Voya Midcap'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 Midcap is operating at the current time. Most of Voya Midcap's value examination focuses on studying past and present price action to predict the probability of Voya Midcap'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 Midcap's price. Additionally, you may evaluate how the addition of Voya Midcap to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of Voya Midcap technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Voya Midcap 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...