Voya Mutual Funds Fund Market Value
| VWTSX Fund | USD 13.94 0.09 0.64% |
| Symbol | Voya |
Please note, there is a significant difference between Voya Mutual's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Mutual is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Mutual'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 Mutual '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 Mutual'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 Mutual.
| 09/01/2024 |
| 10/01/2024 |
If you would invest 0.00 in Voya Mutual on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Mutual Funds or generate 0.0% return on investment in Voya Mutual over 30 days. Voya Mutual is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Voya Mutual is entity of United States. It is traded as Fund on NMFQS exchange. More
Voya Mutual 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 Mutual'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 Mutual Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.9 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.5 |
Voya Mutual Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Mutual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Mutual's standard deviation. In reality, there are many statistical measures that can use Voya Mutual historical prices to predict the future Voya Mutual's volatility.| Risk Adjusted Performance | 0.1034 | |||
| Jensen Alpha | 0.0244 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1444 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Mutual'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.
Voya Mutual Funds Backtested Returns
At this stage we consider Voya Mutual Fund to be very steady. Voya Mutual Funds owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Mutual Funds, which you can use to evaluate the volatility of the fund. Please validate Voya Mutual's Semi Deviation of 0.7593, coefficient of variation of 786.8, and Risk Adjusted Performance of 0.1034 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The entity has a beta of 0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Voya Mutual's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Mutual is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Voya Mutual Funds has poor predictability. Overlapping area represents the amount of predictability between Voya Mutual time series from 1st of September 2024 to 16th of September 2024 and 16th of September 2024 to 1st of October 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 Mutual Funds price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Voya Mutual price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Voya Mutual Funds lagged returns against current returns
Autocorrelation, which is Voya Mutual 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 Mutual's mutual fund expected returns. We can calculate the autocorrelation of Voya Mutual returns to help us make a trade decision. For example, suppose you find that Voya Mutual 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 Mutual 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 Mutual mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Mutual 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 Mutual mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Mutual Lagged Returns
When evaluating Voya Mutual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Mutual mutual fund have on its future price. Voya Mutual 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 Mutual autocorrelation shows the relationship between Voya Mutual mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Mutual Funds.
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.Other Information on Investing in Voya Mutual Fund
Voya Mutual financial ratios help investors to determine whether Voya Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Voya with respect to the benefits of owning Voya Mutual security.
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