Voya Bond Variance
| ILABX Fund | | | USD 9.06 -0.07 -0.77% |
Technical inputs supporting the Variance indicator for Voya Bond Index are shown here. The information is based on observed market data across timeframes. Coverage differences may occur across instruments and market segments. Diversification context is available through
Risk vs Return Analysis. Diversification context helps frame allocation across holdings. Diversified allocation aims to distribute exposure across multiple positions. The information is presented without directional commentary. The holding in Voya Bond Index represents an allocation. It is represented within the portfolio holdings. 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 bureau of labor statistics.
Voya Bond Index has current Variance of 0.0453. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 0.0453 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
Voya Bond Index is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
21.61 of Maximum Drawdown per Variance. At
21.61 , Voya Bond Index's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
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