Ivy Science Correlations

ISTNX Fund

USD 85.90 0.13 0.15%

The current 90-days correlation between Ivy Science And and Putnam Global Financials is 0.06 (i.e., Significant diversification). The correlation of Ivy Science 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 Science Correlation With Market

Significant diversification

The correlation between Ivy Science And and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Science And 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 Science And. 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 board of governors.

Moving together with Ivy Mutual Fund

0.77	DBD	Diebold Nixdorf,	Pair Corr
0.88	GENVR	Gen Digital Contingent	Pair Corr
0.64	BULLW	Webull Warrants Trending	Pair Corr
0.61	JNPR	Juniper Networks	Pair Corr
0.69	HPE-PC	Hewlett Packard Ente	Pair Corr
0.61	DAICW	CID HoldCo, Warrants	Pair Corr
0.7	CORZZ	Core Scientific, Tranche	Pair Corr
0.72	STRF	MicroStrategy Incorporated	Pair Corr
0.99	ILGRX	Ivy Large Cap	Pair Corr
0.97	WRGCX	Ivy Small Cap	Pair Corr
0.73	WRHIX	Ivy High Income	Pair Corr

Moving against Ivy Mutual Fund

0.72	VSTE	Vast Renewables	Pair Corr
0.69	VISL	Vislink Technologies	Pair Corr
0.68	HPAIW	Helport AI Limited	Pair Corr
0.57	APCXW	AppTech Payments Corp	Pair Corr
0.49	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.48	DVLT	Datavault AI Symbol Change	Pair Corr
0.36	BULLZ	Webull Incentive	Pair Corr
0.68	SMTK	SmartKem, Common Stock	Pair Corr
0.61	APCX	Apptech Corp	Pair Corr
0.59	NOVA	Sunnova Energy Inter	Pair Corr
0.58	AXIL	AXIL Brands, Trending	Pair Corr
0.39	ODYS	Odysightai Common Stock	Pair Corr

Related Correlations Analysis

	PGFMX	BTO	MCBXX	ICFAX	RMBLX	PSSRX
PGFMX		0.9	0.76	0.92	0.82	0.95	PGFMX
BTO	0.9		0.72	0.91	0.97	0.97	BTO
MCBXX	0.76	0.72		0.85	0.67	0.8	MCBXX
ICFAX	0.92	0.91	0.85		0.85	0.97	ICFAX
RMBLX	0.82	0.97	0.67	0.85		0.92	RMBLX
PSSRX	0.95	0.97	0.8	0.97	0.92		PSSRX
	PGFMX	BTO	MCBXX	ICFAX	RMBLX	PSSRX

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Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Science 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 Science'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
PGFMX	0.32	0.06	(0.05)	0.28	0.22	(0.37)	0.77	(0.64)	2.42
BTO	0.91	0.19	0.14	0.37	0.88	(1.00)	2.27	(1.81)	6.26
MCBXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
ICFAX	0.79	0.05	0.04	0.18	0.85	(0.93)	2.16	(1.88)	5.58
RMBLX	1.12	0.15	0.11	0.28	1.01	(1.23)	2.53	(2.45)	5.97
PSSRX	0.78	0.09	0.09	0.21	0.75	(0.88)	2.07	(1.54)	6.05

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