Voya Midcap Opportunities Fund Market Value
| VMCRX Fund | USD 6.00 0.09 1.48% |
| Symbol | Voya |
Voya Midcap '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 Midcap'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 Midcap.
| 10/01/2024 |
| 12/30/2024 |
If you would invest 0.00 in Voya Midcap on October 1, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Midcap Opportunities or generate 0.0% return on investment in Voya Midcap over 90 days. Voya Midcap is related to or competes with Quantitative, Angel Oak, Astor Long/short, Maryland Short-term, Siit Ultra, Ab Select, and Vanguard Short-term. Under normal market conditions, the Portfolio invests at least 80 percent of its net assets in common stock of mid-sized... More
Voya Midcap 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 Midcap'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 Midcap Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.1114 | |||
| Maximum Drawdown | 7.54 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 2.0 |
Voya Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Midcap's standard deviation. In reality, there are many statistical measures that can use Voya Midcap historical prices to predict the future Voya Midcap's volatility.| Risk Adjusted Performance | 0.1132 | |||
| Jensen Alpha | 0.134 | |||
| Total Risk Alpha | 0.1248 | |||
| Sortino Ratio | 0.104 | |||
| Treynor Ratio | 0.1414 |
Voya Midcap Opportunities Backtested Returns
At this stage we consider Voya Mutual Fund to be not too volatile. Voya Midcap Opportunities owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Midcap Opportunities, which you can use to evaluate the volatility of the fund. Please validate Voya Midcap's Risk Adjusted Performance of 0.1132, coefficient of variation of 726.88, and Semi Deviation of 1.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. The entity has a beta of 1.12, which indicates a somewhat significant risk relative to the market. Voya Midcap returns are very sensitive to returns on the market. As the market goes up or down, Voya Midcap is expected to follow.
Auto-correlation | -0.07 |
Very weak reverse predictability
Voya Midcap Opportunities has very weak reverse predictability. Overlapping area represents the amount of predictability between Voya Midcap time series from 1st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Midcap Opportunities price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Voya Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Voya Midcap Opportunities lagged returns against current returns
Autocorrelation, which is Voya Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Voya Midcap returns to help us make a trade decision. For example, suppose you find that Voya Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Midcap Lagged Returns
When evaluating Voya Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Midcap mutual fund have on its future price. Voya Midcap 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 Midcap autocorrelation shows the relationship between Voya Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Midcap Opportunities.
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 Midcap 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 Midcap security.
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| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |