Ivy E Correlations

ICIEX Fund  USD 23.55  0.03  0.13%   
The current 90-days correlation between Ivy E Equity and Ivy Large Cap is -0.04 (i.e., Good diversification). The correlation of Ivy E 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.

Ivy E Correlation With Market

Good diversification

The correlation between Ivy E Equity and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy E Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivy E Equity. 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 income.

Moving together with Ivy Mutual Fund

  0.71ILGRX Ivy Large CapPairCorr
  0.73WRGCX Ivy Small CapPairCorr
  0.64WRHIX Ivy High IncomePairCorr
  0.67WSCYX Ivy Small CapPairCorr
  0.97IMEGX Ivy Emerging MarketsPairCorr
  0.75WSGRX Ivy Small CapPairCorr
  0.81WASCX Ivy Asset StrategyPairCorr
  0.99WASYX Ivy Asset StrategyPairCorr
  0.78WSTRX Ivy Science AndPairCorr
  0.99WSTYX Ivy Science AndPairCorr
  0.71WSTCX Ivy Science AndPairCorr
  0.98INPEX American Funds IncomePairCorr
  0.79INRSX Ivy Natural ResourcesPairCorr
  0.71WTRCX Ivy E EquityPairCorr
  0.78WCEYX Ivy E EquityPairCorr
  0.97IPOYX Ivy Emerging MarketsPairCorr
  0.73IPOCX Ivy Emerging MarketsPairCorr
  0.97IPOIX Ivy Emerging MarketsPairCorr
  0.75IREIX Ivy Advantus RealPairCorr
  0.75IRGFX Ivy Small CapPairCorr
  0.77IRSRX Ivy Advantus RealPairCorr
  0.77IRSCX Ivy Advantus RealPairCorr
  0.77IRSEX Ivy Advantus RealPairCorr
  0.8IASTX Ivy Asset StrategyPairCorr
  0.99IASRX Ivy Asset StrategyPairCorr
  0.98ISPVX Ivy Small CapPairCorr
  1.0IBARX Ivy BalancedPairCorr
  0.78ISTIX Ivy Science AndPairCorr
  0.78ISTNX Ivy Science AndPairCorr
  0.65WHIYX Ivy High IncomePairCorr
  0.78IBNYX Ivy BalancedPairCorr
  1.0IBNCX Ivy BalancedPairCorr
  0.73ITGRX Ivy Global GrowthPairCorr
  0.77ICEIX Ivy InternationalPairCorr
  0.71ICEQX Ivy E EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy E 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 E'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ILGRX  0.63  0.23  0.31  0.44  0.00 
 1.92 
 4.54 
WRGCX  0.84  0.22  0.18  0.41  0.50 
 2.32 
 4.93 
WRHIX  0.21  0.07 (0.19) 0.68  0.00 
 0.68 
 1.18 
IMACX  0.03  0.00  0.00  0.37  0.00 
 0.11 
 0.34 
IMAIX  0.03  0.01  0.00  0.43  0.00 
 0.11 
 0.34 
IMAYX  0.03  0.01  0.00  0.36  0.00 
 0.11 
 0.45 
WSCYX  0.84  0.22  0.19  0.42  0.49 
 2.32 
 4.86 
IMEGX  0.61  0.25  0.16 (5.95) 0.27 
 1.78 
 4.08 
WSGRX  0.85  0.19  0.18  0.35  0.52 
 2.25 
 4.93 
WASCX  0.34  0.19  0.14 (67.17) 0.00 
 1.20 
 2.44