Voya Us Correlations

Mutual Funds USA . 
Fund . Voya Stock Index
INGIX Fund  USD 19.56  0.11  0.57%   
The current 90-days correlation between Voya Stock Index and Janus Global Allocation is 0.65 (i.e., Poor diversification). The correlation of Voya Us 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 Us Correlation With Market

Poor diversification

The correlation between Voya Stock Index and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Stock Index and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Voya Stock Index. 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 gross domestic product.

Moving together with Voya Mutual Fund

  0.74ILBPX Voya Limited MaturityPairCorr
  0.78ILMBX Voya Limited MaturityPairCorr
  0.74IMBAX Voya Limited MaturityPairCorr
  0.86IMCVX Voya Multi ManagerPairCorr
  0.88IMOPX Voya Midcap OpportunitiesPairCorr
  0.88IMORX Voya Midcap OpportunitiesPairCorr
  0.87IMOWX Voya Midcap OpportunitiesPairCorr
  0.88IMOZX Voya Midcap OpportunitiesPairCorr
  0.9IMYCX Voya High YieldPairCorr
  0.87VPISX Voya Index SolutionPairCorr
  0.89INTIX Voya International IndexPairCorr
  0.65VPRDX Voya Morgan StanleyPairCorr
  0.86VPRAX Voya T RowePairCorr
  0.87VPSSX Voya Index SolutionPairCorr
  0.97VPRSX Voya Jpmorgan SmallPairCorr
  0.87VPSAX Voya Index SolutionPairCorr
  0.86IOGPX Vy Oppenheimer GlobalPairCorr
  0.64IOSAX Voya Global BondPairCorr
  0.65IOSIX Voya Global BondPairCorr
  0.67IOSSX Voya Global BondPairCorr
  0.85NAPIX Voya Multi ManagerPairCorr
  0.85NARCX Voya Multi ManagerPairCorr
  0.9NAWCX Voya Global EquityPairCorr
  0.9NAWGX Voya Global EquityPairCorr
  0.9NAWIX Voya Global EquityPairCorr
  0.98IPARX Voya Global PerspectivesPairCorr
  0.81IPEAX Voya Large CapPairCorr
  0.85IPEIX Voya Large CapPairCorr
  0.82IPESX Voya Large CapPairCorr
  0.82IPETX Voya Large CapPairCorr
  0.62IPIIX Ing Intermediate BondPairCorr
  0.89IPIMX Voya High YieldPairCorr
  0.62IPISX Voya Intermediate BondPairCorr
  0.98IPIRX Voya Global PerspectivesPairCorr
  0.9IPHYX Voya High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Us 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 Us' 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.

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