Ivy Large Correlations
ILGRX Fund | USD 42.86 0.37 0.87% |
The current 90-days correlation between Ivy Large Cap and Global Real Estate is 0.12 (i.e., Average diversification). The correlation of Ivy Large 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 Large Correlation With Market
Poor diversification
The correlation between Ivy Large Cap and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Large Cap and DJI in the same portfolio, assuming nothing else is changed.
Ivy |
Moving together with Ivy Mutual Fund
0.99 | FAFGX | American Funds | PairCorr |
0.99 | FFAFX | American Funds | PairCorr |
0.99 | GFACX | Growth Fund | PairCorr |
0.99 | GFAFX | Growth Fund | PairCorr |
0.99 | AGTHX | Growth Fund | PairCorr |
0.99 | CGFFX | Growth Fund | PairCorr |
0.99 | CGFCX | Growth Fund | PairCorr |
0.99 | CGFAX | Growth Fund | PairCorr |
0.99 | CGFEX | Growth Fund | PairCorr |
0.99 | RGAEX | Growth Fund | PairCorr |
0.92 | CIF | Mfs Intermediate High | PairCorr |
0.92 | PCF | Putnam High Income | PairCorr |
0.65 | IBM | International Business | PairCorr |
0.61 | CSCO | Cisco Systems | PairCorr |
0.61 | CVX | Chevron Corp | PairCorr |
Moving against Ivy Mutual Fund
0.78 | XNBHX | Neuberger Berman Int | PairCorr |
0.75 | XDSMX | Dreyfus Strategic | PairCorr |
0.56 | XNXJX | Nuveen New Jersey | PairCorr |
0.56 | MCD | McDonalds | PairCorr |
0.42 | XPPRX | Voya Prime Rate | PairCorr |
Related Correlations Analysis
0.79 | 0.83 | 0.8 | 0.95 | 0.81 | 0.79 | RRSCX | ||
0.79 | 0.79 | 0.88 | 0.8 | 0.87 | 0.87 | BREUX | ||
0.83 | 0.79 | 0.8 | 0.82 | 0.94 | 0.8 | CREFX | ||
0.8 | 0.88 | 0.8 | 0.71 | 0.82 | 1.0 | CREMX | ||
0.95 | 0.8 | 0.82 | 0.71 | 0.79 | 0.69 | DFREX | ||
0.81 | 0.87 | 0.94 | 0.82 | 0.79 | 0.82 | HLPPX | ||
0.79 | 0.87 | 0.8 | 1.0 | 0.69 | 0.82 | PNDIX | ||
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Risk-Adjusted Indicators
There is a big difference between Ivy Mutual Fund performing well and Ivy Large 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 Large'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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
RRSCX | 0.54 | 0.13 | (0.11) | (2.33) | 0.58 | 1.43 | 3.70 | |||
BREUX | 0.86 | 0.28 | 0.04 | (1.53) | 0.89 | 2.18 | 5.83 | |||
CREFX | 0.59 | (0.03) | (0.12) | 0.16 | 0.80 | 1.69 | 4.34 | |||
CREMX | 0.02 | 0.02 | 0.00 | (5.80) | 0.00 | 0.08 | 0.16 | |||
DFREX | 0.61 | 0.13 | (0.10) | (1.05) | 0.83 | 1.66 | 4.39 | |||
HLPPX | 0.58 | (0.06) | (0.12) | 0.12 | 0.91 | 1.33 | 4.23 | |||
PNDIX | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.20 |