Voya Emerging Correlations
| IHD Fund | USD 5.16 0.05 0.98% |
The current 90-days correlation between Voya Emerging Markets and Putnam Convertible Incm Gwth is 0.33 (i.e., Weak diversification). The correlation of Voya Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Voya Emerging Correlation With Market
Modest diversification
The correlation between Voya Emerging Markets and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
Voya |
Moving together with Voya Fund
| 0.64 | WRHIX | Ivy High Income | PairCorr |
| 0.62 | WHIAX | Ivy High Income | PairCorr |
| 0.64 | IVHIX | Ivy High Income | PairCorr |
| 0.67 | GRHAX | Goehring Rozencwajg | PairCorr |
| 0.64 | ASGI | Aberdeen Standard Global | PairCorr |
Related Correlations Analysis
| 0.96 | 0.67 | 0.95 | 0.97 | 0.92 | PRCCX | ||
| 0.96 | 0.71 | 0.96 | 0.94 | 0.94 | PBXIX | ||
| 0.67 | 0.71 | 0.54 | 0.56 | 0.69 | CCD | ||
| 0.95 | 0.96 | 0.54 | 0.97 | 0.86 | XNCVX | ||
| 0.97 | 0.94 | 0.56 | 0.97 | 0.88 | LCFYX | ||
| 0.92 | 0.94 | 0.69 | 0.86 | 0.88 | ARBOX | ||
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Risk-Adjusted Indicators
There is a big difference between Voya Fund performing well and Voya Emerging Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Voya Emerging's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRCCX | 0.40 | 0.05 | 0.02 | 0.18 | 0.27 | 1.01 | 2.34 | |||
| PBXIX | 0.31 | 0.07 | (0.04) | 1.42 | 0.12 | 0.83 | 1.94 | |||
| CCD | 0.69 | 0.00 | (0.05) | 0.09 | 0.74 | 1.88 | 4.27 | |||
| XNCVX | 0.48 | 0.10 | 0.02 | 11.11 | 0.43 | 1.08 | 3.03 | |||
| LCFYX | 0.38 | 0.07 | 0.06 | 0.23 | 0.14 | 1.01 | 2.22 | |||
| ARBOX | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.26 |