Vy American Correlations

Mutual Funds . USA . 
Fund . Vy American Century
ISMSX Fund  USD 10.48  0.02  0.19%   
The current 90-days correlation between Vy American Century and Voya Bond Index is -0.1 (i.e., Good diversification). The correlation of Vy American 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.

Vy American Correlation With Market

Very poor diversification

The correlation between Vy American Century and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy American Century 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 Vy American Century. 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 state.

Moving together with ISMSX Mutual Fund

  0.71ILBPX Voya Limited MaturityPairCorr
  0.66IMCVX Voya Multi ManagerPairCorr
  0.62IMOPX Voya Midcap OpportunitiesPairCorr
  0.93IMORX Voya Midcap OpportunitiesPairCorr
  0.68IMOWX Voya Midcap OpportunitiesPairCorr
  0.68IMOZX Voya Midcap OpportunitiesPairCorr
  0.89IMYCX Voya High YieldPairCorr
  0.73INGIX Voya Stock IndexPairCorr
  0.69VPISX Voya Index SolutionPairCorr
  0.68INTIX Voya International IndexPairCorr
  0.68VPSSX Voya Index SolutionPairCorr
  0.64VPRSX Voya Jpmorgan SmallPairCorr
  0.95VPSAX Voya Index SolutionPairCorr
  0.66IOGPX Vy Oppenheimer GlobalPairCorr
  0.89NAPIX Voya Multi ManagerPairCorr
  0.64NARCX Voya Multi ManagerPairCorr
  0.68NAWCX Voya Global EquityPairCorr
  0.68NAWGX Voya Global EquityPairCorr
  0.68NAWIX Voya Global EquityPairCorr
  0.74IPARX Voya Global PerspectivesPairCorr
  0.88IPIMX Voya High YieldPairCorr
  0.74IPIRX Voya Global PerspectivesPairCorr
  0.66IPHYX Voya High YieldPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between ISMSX Mutual Fund performing well and Vy American 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 Vy American'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ILABX  0.24  0.01 (0.35)(0.39) 0.25 
(0.27)
 0.45 
(0.44)
 1.24 
ILBAX  0.24 (0.01)(0.36) 0.04  0.26 
(0.27)
 0.45 
(0.55)
 1.12 
ILBPX  0.08  0.01 (0.88)(1.18) 0.00 
(0.16)
 0.21 
(0.11)
 0.63 
ILMBX  0.08  0.00 (1.09) 1.05  0.00 
(0.18)
 0.21 
(0.10)
 0.63 
ILUAX  0.24  0.01 (0.38) 2.93  0.25 
(0.26)
 0.45 
(0.45)
 1.24 
IMBAX  0.09  0.00 (0.94) 0.00  0.00 
(0.18)
 0.22 
(0.11)
 0.64 
IMCVX  0.61  0.21  0.07 (0.85) 0.47 
(0.77)
 1.84 
(0.95)
 4.55 
IMOPX  0.89  0.36  0.25 (20.71) 0.45 
(1.21)
 2.57 
(1.02)
 5.69 
IMORX  0.92  0.16  0.14  0.28  0.78 
(1.08)
 2.60 
(1.76)
 5.77 
IMOWX  0.89  0.35  0.25  6.43  0.49 
(1.09)
 2.60 
(0.93)
 5.83 

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