Ivy Global Correlations

IVBDX Fund

USD 9.22 0.01 0.11%

The current 90-days correlation between Ivy Global Bond and Transamerica Asset Allocation is -0.03 (i.e., Good diversification). The correlation of Ivy Global 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, which includes a position in Ivy Global Bond. 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 unemployment.

Moving together with IVY Mutual Fund

0.66	ILGRX	Ivy Large Cap	Pair Corr
0.67	WRGCX	Ivy Small Cap	Pair Corr
0.8	WRHIX	Ivy High Income	Pair Corr
0.71	IMEGX	Ivy Emerging Markets	Pair Corr
0.64	WSGRX	Ivy Small Cap	Pair Corr
0.7	WASCX	Ivy Asset Strategy	Pair Corr
0.73	WASYX	Ivy Asset Strategy	Pair Corr
0.7	WSTRX	Ivy Science And	Pair Corr
0.61	WSTCX	Ivy Science And	Pair Corr
0.81	INPEX	American Funds Income	Pair Corr
0.78	INRSX	Ivy Natural Resources	Pair Corr
0.62	IPOCX	Ivy Emerging Markets	Pair Corr
0.75	IPOIX	Ivy Emerging Markets	Pair Corr
0.63	IRSCX	Ivy Advantus Real	Pair Corr
0.64	IRSEX	Ivy Advantus Real	Pair Corr
0.62	IASRX	Ivy Asset Strategy	Pair Corr
0.7	ISTIX	Ivy Science And	Pair Corr
0.8	WHIYX	Ivy High Income	Pair Corr
0.76	IBNCX	Ivy Balanced	Pair Corr
0.69	ICEQX	Ivy E Equity	Pair Corr
0.62	IVAEX	Ivy Asset Strategy	Pair Corr

Related Correlations Analysis

	TAAKX	JAAIX	WMFFX	PBLIX	GMLVX	GGRYX
TAAKX		0.93	0.99	0.96	0.99	1.0	TAAKX
JAAIX	0.93		0.93	0.98	0.95	0.94	JAAIX
WMFFX	0.99	0.93		0.95	0.98	0.99	WMFFX
PBLIX	0.96	0.98	0.95		0.97	0.97	PBLIX
GMLVX	0.99	0.95	0.98	0.97		0.99	GMLVX
GGRYX	1.0	0.94	0.99	0.97	0.99		GGRYX
	TAAKX	JAAIX	WMFFX	PBLIX	GMLVX	GGRYX

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Risk-Adjusted Indicators

There is a big difference between IVY Mutual Fund performing well and Ivy Global 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 Global'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
TAAKX	0.89	0.10	0.05	0.24	1.31	(0.99)	2.05	(1.50)	11.56
JAAIX	0.23	0.01	(0.18)	0.87	0.49	(0.24)	0.38	(0.64)	2.40
WMFFX	0.83	0.06	0.03	0.21	1.29	(0.93)	1.81	(1.62)	10.54
PBLIX	0.84	0.14	0.00	(2.33)	1.46	(0.85)	1.90	(1.39)	10.31
GMLVX	0.77	0.12	0.04	0.33	1.03	(0.85)	2.38	(1.51)	6.24
GGRYX	0.63	0.05	0.01	0.22	0.93	(0.69)	1.41	(1.14)	7.79

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Ivy Global Correlations

Moving together with IVY Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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