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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivy Large Cap. 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 metropolitan statistical area.

Moving together with Ivy Mutual Fund

0.99	FAFGX	American Funds	Pair Corr
0.99	FFAFX	American Funds	Pair Corr
0.99	GFACX	Growth Fund	Pair Corr
0.99	GFAFX	Growth Fund	Pair Corr
0.99	AGTHX	Growth Fund	Pair Corr
0.99	CGFFX	Growth Fund	Pair Corr
0.99	CGFCX	Growth Fund	Pair Corr
0.99	CGFAX	Growth Fund	Pair Corr
0.99	CGFEX	Growth Fund	Pair Corr
0.99	RGAEX	Growth Fund	Pair Corr
0.92	CIF	Mfs Intermediate High	Pair Corr
0.92	PCF	Putnam High Income	Pair Corr
0.65	IBM	International Business	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr
0.61	CVX	Chevron Corp	Pair Corr

Moving against Ivy Mutual Fund

0.78	XNBHX	Neuberger Berman Int	Pair Corr
0.75	XDSMX	Dreyfus Strategic	Pair Corr
0.56	XNXJX	Nuveen New Jersey	Pair Corr
0.56	MCD	McDonalds	Pair Corr
0.42	XPPRX	Voya Prime Rate	Pair Corr

Related Correlations Analysis

	RRSCX	BREUX	CREFX	CREMX	DFREX	HLPPX	PNDIX
RRSCX		0.79	0.83	0.8	0.95	0.81	0.79	RRSCX
BREUX	0.79		0.79	0.88	0.8	0.87	0.87	BREUX
CREFX	0.83	0.79		0.8	0.82	0.94	0.8	CREFX
CREMX	0.8	0.88	0.8		0.71	0.82	1.0	CREMX
DFREX	0.95	0.8	0.82	0.71		0.79	0.69	DFREX
HLPPX	0.81	0.87	0.94	0.82	0.79		0.82	HLPPX
PNDIX	0.79	0.87	0.8	1.0	0.69	0.82		PNDIX
	RRSCX	BREUX	CREFX	CREMX	DFREX	HLPPX	PNDIX

Click cells to compare fundamentals

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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	(0.55)	1.43	(1.14)	3.70
BREUX	0.86	0.28	0.04	(1.53)	0.89	(0.95)	2.18	(1.87)	5.83
CREFX	0.59	(0.03)	(0.12)	0.16	0.80	(0.61)	1.69	(1.17)	4.34
CREMX	0.02	0.02	0.00	(5.80)	0.00	0.00	0.08	0.00	0.16
DFREX	0.61	0.13	(0.10)	(1.05)	0.83	(0.68)	1.66	(1.34)	4.39
HLPPX	0.58	(0.06)	(0.12)	0.12	0.91	(0.59)	1.33	(1.77)	4.23
PNDIX	0.04	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.20

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