Voya Multi Correlations
| VMIPXDelisted Fund | USD 9.81 0.00 0.00% |
The correlation of Voya Multi 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 Multi Correlation With Market
Modest diversification
The correlation between Voya Multi Manager Internation and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Multi Manager Internation and DJI in the same portfolio, assuming nothing else is changed.
Voya |
Moving together with Voya Mutual Fund
| 0.7 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.69 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.7 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.7 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.7 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.7 | VITSX | Vanguard Total Stock | PairCorr |
| 0.69 | VFINX | Vanguard 500 Index | PairCorr |
| 0.7 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.7 | ELFNX | Elfun Trusts Elfun | PairCorr |
| 0.78 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.71 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.64 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.78 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.81 | CSCO | Cisco Systems | PairCorr |
| 0.8 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
Moving against Voya Mutual Fund
| 0.77 | VTMGX | Vanguard Developed | PairCorr |
| 0.77 | VDVIX | Vanguard Developed | PairCorr |
| 0.77 | VDIPX | Vanguard Developed | PairCorr |
| 0.74 | VTMNX | Vanguard Developed | PairCorr |
| 0.74 | FSPSX | Fidelity International | PairCorr |
| 0.67 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.67 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.67 | VTSNX | Vanguard Total Inter | PairCorr |
| 0.67 | VTPSX | Vanguard Total Inter | PairCorr |
| 0.67 | VTISX | Vanguard Total Inter | PairCorr |
| 0.6 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.55 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.5 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.49 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.37 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AEAXX | ||
| 0.0 | 0.0 | 0.0 | 0.69 | 0.91 | 0.5 | FMVUX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HEWXX | ||
| 0.0 | 0.69 | 0.0 | 0.0 | 0.69 | 0.02 | STSEX | ||
| 0.0 | 0.91 | 0.0 | 0.0 | 0.69 | 0.57 | CHNTX | ||
| 0.0 | 0.5 | 0.0 | 0.0 | 0.02 | 0.57 | GMBXX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Voya Mutual Fund performing well and Voya Multi 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 Multi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AEAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FMVUX | 0.67 | 0.01 | 0.05 | 0.10 | 0.44 | 1.49 | 6.14 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HEWXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STSEX | 0.46 | (0.05) | (0.11) | 0.03 | 0.62 | 0.89 | 3.90 | |||
| CHNTX | 0.46 | 0.10 | 0.03 | 2.54 | 0.27 | 0.91 | 3.50 | |||
| GMBXX | 0.03 | 0.01 | 0.00 | (2.95) | 0.00 | 0.00 | 1.01 |
Voya Multi Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Voya Multi mutual fund to make a market-neutral strategy. Peer analysis of Voya Multi could also be used in its relative valuation, which is a method of valuing Voya Multi by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Voya Multi Manager International?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.