Voya Floating Rate Fund Market Value
| IFRWX Fund | USD 8.15 0.01 0.12% |
| Symbol | Voya |
Voya Floating '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 Floating'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 Floating.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Voya Floating on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Floating Rate or generate 0.0% return on investment in Voya Floating over 30 days. Voya Floating is related to or competes with Voya Bond, Voya Bond, Voya Limited, Voya Limited, Voya Bond, Voya Limited, and Voya Emerging. Under normal market conditions, the fund invests at least 80 percent of its net assets in U.S More
Voya Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1316 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.24 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.1244 |
Voya Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Floating's standard deviation. In reality, there are many statistical measures that can use Voya Floating historical prices to predict the future Voya Floating's volatility.| Risk Adjusted Performance | 0.078 | |||
| Jensen Alpha | 0.0198 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.55) | |||
| Treynor Ratio | (1.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Floating'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 Floating Rate Backtested Returns
At this stage we consider Voya Mutual Fund to be very steady. Voya Floating Rate owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Voya Floating Rate, which you can use to evaluate the volatility of the fund. Please validate Voya Floating's Downside Deviation of 0.1316, standard deviation of 0.1956, and Risk Adjusted Performance of 0.078 to confirm if the risk estimate we provide is consistent with the expected return of 0.0307%. The entity has a beta of -0.016, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voya Floating are expected to decrease at a much lower rate. During the bear market, Voya Floating is likely to outperform the market.
Auto-correlation | 0.90 |
Excellent predictability
Voya Floating Rate has excellent predictability. Overlapping area represents the amount of predictability between Voya Floating time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 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 Floating Rate price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Voya Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Voya Floating Rate lagged returns against current returns
Autocorrelation, which is Voya Floating 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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Voya Floating returns to help us make a trade decision. For example, suppose you find that Voya Floating 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 Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Floating 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 Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Floating Lagged Returns
When evaluating Voya Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Floating mutual fund have on its future price. Voya Floating 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 Floating autocorrelation shows the relationship between Voya Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Floating Rate.
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 Floating 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 Floating security.
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