Ivy Asset Correlations

The correlation of Ivy Asset 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Ivy Mutual Fund

0.86	CIREX	Capital Income Builder	Pair Corr
0.85	CIRFX	Capital Income Builder	Pair Corr
0.73	RYMEX	Commodities Strategy	Pair Corr
0.73	RYMJX	Commodities Strategy	Pair Corr
0.73	RYMBX	Commodities Strategy	Pair Corr
0.8	BRUFX	Bruce Fund Bruce	Pair Corr
0.9	SPGSX	State Street Premier	Pair Corr
0.72	KF	Korea Closed	Pair Corr
0.9	BAC	Bank of America	Pair Corr
0.8	BA	Boeing	Pair Corr
0.87	CSCO	Cisco Systems	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.82	JPM	JPMorgan Chase	Pair Corr
0.7	PFE	Pfizer Inc	Pair Corr
0.84	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.77	CAT	Caterpillar	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.81	MMM	3M Company	Pair Corr

Moving against Ivy Mutual Fund

0.42	KO	Coca Cola	Pair Corr
0.41	T	ATT Inc Earnings Call This Week	Pair Corr
0.33	MGOIX	Mainstay Government	Pair Corr

Related Correlations Analysis

	SCHLX	LOGSX	GTHCX	ETIHX	VGHCX	BHSRX	PJHRX
SCHLX		0.93	0.93	0.87	0.98	0.99	0.96	SCHLX
LOGSX	0.93		0.85	0.8	0.93	0.92	0.87	LOGSX
GTHCX	0.93	0.85		0.95	0.94	0.96	0.97	GTHCX
ETIHX	0.87	0.8	0.95		0.93	0.92	0.97	ETIHX
VGHCX	0.98	0.93	0.94	0.93		0.99	0.98	VGHCX
BHSRX	0.99	0.92	0.96	0.92	0.99		0.98	BHSRX
PJHRX	0.96	0.87	0.97	0.97	0.98	0.98		PJHRX
	SCHLX	LOGSX	GTHCX	ETIHX	VGHCX	BHSRX	PJHRX

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Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Asset 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 Ivy Asset'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 Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SCHLX	0.93	(0.11)	4.27	1.73	(1.93)	7.72
LOGSX	0.88	(0.05)	6.24	1.30	(1.92)	6.79
GTHCX	0.94	(0.07)	4.60	1.61	(2.34)	7.55
ETIHX	1.61	(0.16)	0.79	2.40	(3.52)	11.30
VGHCX	0.94	(0.11)	(32.48)	1.73	(2.38)	7.10
BHSRX	0.90	(0.11)	3.74	1.53	(1.73)	7.42
PJHRX	1.16	(0.13)	4.77	1.86	(2.70)	7.82

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Ivy Asset Correlations

Moving together with Ivy Mutual Fund

Moving against Ivy Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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