VOYA MULTI-MANAGER Total Risk Alpha
| IMCVX Fund | | | USD 9.35 0.08 0.86% |
The Total Risk Alpha reading for Voya Multi Manager Mid is computed from historical trading observations. Values reflect historical observations within the available dataset.
Risk vs Return Analysis provides context for diversified portfolio construction. The portfolio structure determines how individual positions contribute to the whole. Portfolio analysis tools can evaluate how Voya Multi Manager Mid fits within a broader allocation. This information is provided for contextual purposes. Broader economic conditions can influence Voya Multi Manager Mid's mutual fund valuation — related indicators include
signals in persons.
Voya Multi Manager Mid has current Total Risk Alpha of 0.0888. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0888 | |
| ER[a] | = | Expected return on investing in VOYA MULTI-MANAGER |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on VOYA MULTI-MANAGER |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Voya Multi Manager Mid is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
35.47 of Maximum Drawdown per Total Risk Alpha. At
35.47 , Voya Multi Manager Mid's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare VOYA MULTI-MANAGER to Peers
Other Technical Indicators