Voya Emerging Correlations
| IMCDX Fund | USD 8.71 0.00 0.00% |
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. If the correlation is 0, the equities are not correlated; they are entirely random.
Voya |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Voya Mutual Fund performing well and Voya Emerging 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LMBMX | 0.94 | (0.05) | 0.02 | 0.10 | 0.99 | 1.95 | 8.01 | |||
| MSSGX | 1.45 | 0.42 | 0.31 | 0.39 | 1.11 | 3.46 | 7.23 | |||
| VISGX | 0.81 | 0.08 | 0.10 | 0.19 | 0.85 | 1.78 | 5.31 | |||
| TVOYX | 0.79 | (0.02) | 0.02 | 0.11 | 0.67 | 1.70 | 6.73 | |||
| PMDDX | 0.72 | (0.01) | 0.01 | 0.12 | 0.67 | 1.61 | 5.22 | |||
| CIPNX | 0.82 | (0.01) | 0.03 | 0.12 | 0.87 | 1.72 | 7.22 | |||
| APDSX | 0.95 | 0.01 | 0.03 | 0.14 | 1.14 | 2.03 | 5.77 |