Voya Us Correlations

INGIX Fund  USD 21.69  0.07  0.32%   
The current 90-days correlation between Voya Stock Index and Tiaa Cref Lifestyle Conservative is 0.95 (i.e., Almost no diversification). The correlation of Voya Us 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Voya Us Correlation With Market

Very good diversification

The correlation between Voya Stock Index and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Stock Index and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Voya Stock Index. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Voya Mutual Fund

  0.83ILBPX Voya Limited MaturityPairCorr
  0.85ILMBX Voya Limited MaturityPairCorr
  0.81IMBAX Voya Limited MaturityPairCorr
  0.97IMCVX Voya Multi ManagerPairCorr
  0.95IMOPX Voya Midcap OpportunitiesPairCorr
  0.95IMORX Voya Midcap OpportunitiesPairCorr
  0.95IMOWX Voya Midcap OpportunitiesPairCorr
  0.95IMOZX Voya Midcap OpportunitiesPairCorr
  0.96IMYCX Voya High YieldPairCorr
  0.66INGBX Voya Global BondPairCorr
  1.0VPISX Voya Index SolutionPairCorr
  0.94INTIX Voya International IndexPairCorr
  0.93VPRDX Voya Morgan StanleyPairCorr
  1.0VPRAX Voya T RowePairCorr
  1.0VPSSX Voya Index SolutionPairCorr
  0.99VPRSX Voya Jpmorgan SmallPairCorr
  0.97VPSAX Voya Index SolutionPairCorr
  0.99IOGPX Vy Oppenheimer GlobalPairCorr
  0.75IOSAX Voya Global BondPairCorr
  0.76IOSIX Voya Global BondPairCorr
  0.77IOSSX Voya Global BondPairCorr
  0.96NAPIX Voya Multi ManagerPairCorr
  0.97NARCX Voya Multi ManagerPairCorr
  0.93NAWCX Voya Global EquityPairCorr
  0.95NAWGX Voya Global EquityPairCorr
  0.95NAWIX Voya Global EquityPairCorr
  0.96IPARX Voya Global PerspectivesPairCorr
  0.96IPEAX Voya Large CapPairCorr
  0.99IPEIX Voya Large CapPairCorr
  0.99IPESX Voya Large CapPairCorr
  0.95IPETX Voya Large CapPairCorr
  0.67IPIIX Ing Intermediate BondPairCorr
  0.96IPIMX Voya High YieldPairCorr
  0.67IPISX Voya Intermediate BondPairCorr
  0.96IPIRX Voya Global PerspectivesPairCorr
  0.97IPHYX Voya High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Us Mutual 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 Us' 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.