Voya Prime Rate Fund Market Value
| XPPRX Fund | USD 7.54 0.02 0.26% |
| Symbol | Voya |
Please note, there is a significant difference between Voya Prime's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Prime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Prime's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Voya Prime '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 Prime'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 Prime.
| 05/31/2024 |
| 12/27/2024 |
If you would invest 0.00 in Voya Prime on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Voya Prime Rate or generate 0.0% return on investment in Voya Prime over 210 days. Voya Prime is related to or competes with Blackstone Gso, First Trust, Eaton Vance, Blackstone Gso, BlackRock Floating, Calamos Global, and Calamos Global. Voya Prime is entity of United States. It is traded as Fund on NMFQS exchange. More
Voya Prime 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 Prime'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 Prime Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9587 | |||
| Information Ratio | 0.0858 | |||
| Maximum Drawdown | 4.23 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 1.02 |
Voya Prime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voya Prime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voya Prime's standard deviation. In reality, there are many statistical measures that can use Voya Prime historical prices to predict the future Voya Prime's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.0819 | |||
| Total Risk Alpha | 0.062 | |||
| Sortino Ratio | 0.0614 | |||
| Treynor Ratio | (2.18) |
Voya Prime Rate Backtested Returns
At this stage we consider Voya Mutual Fund to be very steady. Voya Prime Rate owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0464, which indicates the fund had a 0.0464% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Voya Prime Rate, which you can use to evaluate the volatility of the fund. Please validate Voya Prime's Semi Deviation of 0.6762, risk adjusted performance of 0.1042, and Coefficient Of Variation of 753.36 to confirm if the risk estimate we provide is consistent with the expected return of 0.0321%. The entity has a beta of -0.0372, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voya Prime are expected to decrease at a much lower rate. During the bear market, Voya Prime is likely to outperform the market.
Auto-correlation | 0.80 |
Very good predictability
Voya Prime Rate has very good predictability. Overlapping area represents the amount of predictability between Voya Prime time series from 31st of May 2024 to 13th of September 2024 and 13th of September 2024 to 27th 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 Prime Rate price movement. The serial correlation of 0.8 indicates that around 80.0% of current Voya Prime price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Voya Prime Rate lagged returns against current returns
Autocorrelation, which is Voya Prime 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 Prime's mutual fund expected returns. We can calculate the autocorrelation of Voya Prime returns to help us make a trade decision. For example, suppose you find that Voya Prime 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 Prime 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 Prime mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voya Prime 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 Prime mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Voya Prime Lagged Returns
When evaluating Voya Prime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voya Prime mutual fund have on its future price. Voya Prime 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 Prime autocorrelation shows the relationship between Voya Prime mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Voya Prime Rate.
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 Prime 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 Prime security.
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