Voya Solution Correlations

VYRPX Fund

USD 10.38 0.02 0.19%

The current 90-days correlation between Voya Solution Conser and Mesirow Financial Small is 0.51 (i.e., Very weak diversification). The correlation of Voya Solution 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 Solution Correlation With Market

Very weak diversification

The correlation between Voya Solution Conservative and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Solution Conservative and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Voya Solution Conservative. 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 american community survey.

Moving together with Voya Mutual Fund

0.67	IMYCX	Voya High Yield	Pair Corr
0.62	VPISX	Voya Index Solution	Pair Corr
0.64	VPRDX	Voya Morgan Stanley	Pair Corr
0.62	VPSSX	Voya Index Solution	Pair Corr
0.63	VPSAX	Voya Index Solution	Pair Corr
0.85	IPARX	Voya Global Perspectives	Pair Corr
0.7	IPIMX	Voya High Yield	Pair Corr
0.84	IPIRX	Voya Global Perspectives	Pair Corr

Related Correlations Analysis

	MSVIX	MCBXX	XFINX	RPFGX	FIKBX	SBFAX
MSVIX		0.0	0.73	0.87	0.83	0.71	MSVIX
MCBXX	0.0		0.0	0.0	0.0	0.0	MCBXX
XFINX	0.73	0.0		0.71	0.76	0.52	XFINX
RPFGX	0.87	0.0	0.71		0.96	0.9	RPFGX
FIKBX	0.83	0.0	0.76	0.96		0.87	FIKBX
SBFAX	0.71	0.0	0.52	0.9	0.87		SBFAX
	MSVIX	MCBXX	XFINX	RPFGX	FIKBX	SBFAX

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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

FIKBX	+ 0.96	RPFGX
SBFAX	+ 0.9	RPFGX
RPFGX	+ 0.87	MSVIX
SBFAX	+ 0.87	FIKBX
FIKBX	+ 0.83	MSVIX
FIKBX	+ 0.76	XFINX

High negative correlations

SBFAX	- 0.0	MCBXX
FIKBX	- 0.0	MCBXX
RPFGX	- 0.0	MCBXX
XFINX	- 0.0	MCBXX
MCBXX	- 0.0	MSVIX

Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Solution 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 Solution'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
MSVIX	0.69	(0.01)	0.00	0.07	0.64	(0.82)	1.74	(1.31)	5.71
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XFINX	0.11	0.00	(0.20)	0.20	0.16	(0.13)	0.21	(0.14)	1.00
RPFGX	0.79	0.02	0.05	0.09	0.87	(0.94)	1.85	(1.15)	10.37
FIKBX	0.80	0.23	0.21	(16.29)	0.43	(1.01)	1.88	(1.15)	9.76
SBFAX	0.90	0.03	(0.02)	0.35	1.81	(0.97)	1.72	(1.49)	16.49

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