Voya Government Money Fund Volatility
| IVMXX Fund | USD 1.00 0.00 0.00% |
At this stage we consider Voya Money Market Fund to be not too volatile. Voya Government Money owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the fund had a 0.13 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Voya Government Money, which you can use to evaluate the volatility of the fund. Please validate Voya Government's Coefficient Of Variation of 787.4, risk adjusted performance of 0.0778, and Variance of 0.0165 to confirm if the risk estimate we provide is consistent with the expected return of 0.0166%. Key indicators related to Voya Government's volatility include:
90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Voya Government Money Market Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Voya daily returns, and it is calculated using variance and standard deviation. We also use Voya's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Voya Government volatility.
Voya |
Downward market volatility can be a perfect environment for investors who play the long game with Voya Government. They may decide to buy additional shares of Voya Government at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with Voya Money Market Fund
| 0.61 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.61 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.61 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.61 | VITSX | Vanguard Total Stock | PairCorr |
| 0.61 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.61 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.61 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.78 | VGTSX | Vanguard Total Inter | PairCorr |
Moving against Voya Money Market Fund
| 0.46 | KO | Coca Cola Earnings Call This Week | PairCorr |
Voya Government Market Sensitivity And Downside Risk
Voya Government's beta coefficient measures the volatility of Voya money market fund compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Voya money market fund's returns against your selected market. In other words, Voya Government's beta of 0.0329 provides an investor with an approximation of how much risk Voya Government money market fund can potentially add to one of your existing portfolios. Voya Government Money exhibits very low volatility with skewness of 7.87 and kurtosis of 62.0. Voya Government Money is a potential penny fund. Although Voya Government may be in fact a good instrument to invest, many penny money market funds are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Voya Government Money. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Voya instrument if you perfectly time your entry and exit. However, remember that penny funds that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Voya Government Money Demand TrendCheck current 90 days Voya Government correlation with market (Dow Jones Industrial)Voya Beta |
Voya standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 0.13 |
It is essential to understand the difference between upside risk (as represented by Voya Government's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Voya Government's daily returns or price. Since the actual investment returns on holding a position in voya money market fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Voya Government.
Voya Government Money Money Market Fund Volatility Analysis
Volatility refers to the frequency at which Voya Government fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Voya Government's price changes. Investors will then calculate the volatility of Voya Government's money market fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A money market fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Voya Government's volatility:
Historical Volatility
This type of fund volatility measures Voya Government's fluctuations based on previous trends. It's commonly used to predict Voya Government's future behavior based on its past. However, it cannot conclusively determine the future direction of the money market fund.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Voya Government's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Voya Government's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Voya Government Money Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Voya Government Projected Return Density Against Market
Assuming the 90 days horizon Voya Government has a beta of 0.0329 . This usually indicates as returns on the market go up, Voya Government average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Voya Government Money will be expected to be much smaller as well.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Voya Government or Currency Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Voya Government's price will be affected by overall money market fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Voya fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Voya Government Money has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a Voya Government Price Volatility?
Several factors can influence a fund's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Voya Government Money Market Fund Risk Measures
Assuming the 90 days horizon the coefficient of variation of Voya Government is 781.02. The daily returns are distributed with a variance of 0.02 and standard deviation of 0.13. The mean deviation of Voya Government Money is currently at 0.03. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 1.38
α | Alpha over Dow Jones | -0.0015 | |
β | Beta against Dow Jones | 0.03 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | -1.79 |
Voya Government Money Market Fund Return Volatility
Voya Government historical daily return volatility represents how much of Voya Government fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 0.1293% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.9544% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Voya Government Volatility
Volatility is a rate at which the price of Voya Government or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Voya Government may increase or decrease. In other words, similar to Voya's beta indicator, it measures the risk of Voya Government and helps estimate the fluctuations that may happen in a short period of time. So if prices of Voya Government fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.3 ways to utilize Voya Government's volatility to invest better
Higher Voya Government's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Voya Government Money fund is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Voya Government Money fund volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Voya Government Money investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Voya Government's fund can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Voya Government's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Voya Government Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.95 and is 7.31 times more volatile than Voya Government Money. 1 percent of all equities and portfolios are less risky than Voya Government. You can use Voya Government Money to protect your portfolios against small market fluctuations. The money market fund experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Voya Government to be traded at $0.99 in 90 days.Average diversification
The correlation between Voya Government Money and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Government Money and DJI in the same portfolio, assuming nothing else is changed.
Voya Government Additional Risk Indicators
The analysis of Voya Government's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Voya Government's investment and either accepting that risk or mitigating it. Along with some common measures of Voya Government money market fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0778 | |||
| Market Risk Adjusted Performance | 0.2012 | |||
| Mean Deviation | 0.0321 | |||
| Coefficient Of Variation | 787.4 | |||
| Standard Deviation | 0.1283 | |||
| Variance | 0.0165 | |||
| Information Ratio | (1.79) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential money market funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Voya Government Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Voya Government as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Voya Government's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Voya Government's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Voya Government Money.
Other Information on Investing in Voya Money Market Fund
Voya Government financial ratios help investors to determine whether Voya Money Market 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 Government security.
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