Voya Multi Manager Mid Fund Market Value
| IMCVX Fund | USD 11.30 0.01 0.09% |
| Symbol | Voya |
Voya Multi-manager '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 Multi-manager'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 Multi-manager.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Voya Multi-manager on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Multi Manager Mid or generate 0.0% return on investment in Voya Multi-manager over 180 days. Voya Multi-manager is related to or competes with Health Biotchnology, Baron Health, Live Oak, Hartford Healthcare, Tekla Healthcare, and Health Care. Under normal market conditions, the fund invests at least 80 percent of its net assets in common stocks of mid-capitaliz... More
Voya Multi-manager 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 Multi-manager'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 Multi Manager Mid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6726 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.59 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.14 |
Voya Multi-manager Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Multi-manager's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Multi-manager's standard deviation. In reality, there are many statistical measures that can use Voya Multi-manager historical prices to predict the future Voya Multi-manager's volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1059 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Voya Multi-manager'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 Multi Manager Backtested Returns
At this stage we consider Voya Mutual Fund to be very steady. Voya Multi Manager owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Voya Multi Manager Mid, which you can use to evaluate the volatility of the fund. Please validate Voya Multi-manager's Risk Adjusted Performance of 0.1038, coefficient of variation of 732.86, and Semi Deviation of 0.5175 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 0.85, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Voya Multi-manager's returns are expected to increase less than the market. However, during the bear market, the loss of holding Voya Multi-manager is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
Voya Multi Manager Mid has good predictability. Overlapping area represents the amount of predictability between Voya Multi-manager time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Multi Manager price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Voya Multi-manager price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Voya Multi Manager lagged returns against current returns
Autocorrelation, which is Voya Multi-manager 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 Multi-manager's mutual fund expected returns. We can calculate the autocorrelation of Voya Multi-manager returns to help us make a trade decision. For example, suppose you find that Voya Multi-manager 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 Multi-manager 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 Multi-manager mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Multi-manager 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 Multi-manager mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Multi-manager Lagged Returns
When evaluating Voya Multi-manager's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Multi-manager mutual fund have on its future price. Voya Multi-manager 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 Multi-manager autocorrelation shows the relationship between Voya Multi-manager mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Multi Manager Mid.
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 Multi-manager 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 Multi-manager security.
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |