Ivy International Correlations

IVVYX Fund

USD 24.62 0.06 0.24%

The current 90-days correlation between Ivy International and Tax Managed International Equity is -0.02 (i.e., Good diversification). The correlation of Ivy International 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 International Correlation With Market

Significant diversification

The correlation between Ivy International E and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy International E 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 International E. 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 manufacturing.

Moving together with Ivy Mutual Fund

0.74	VGTSX	Vanguard Total Inter	Pair Corr
0.74	VTIAX	Vanguard Total Inter	Pair Corr
0.74	VTSNX	Vanguard Total Inter	Pair Corr
0.73	VTPSX	Vanguard Total Inter	Pair Corr
0.74	VTISX	Vanguard Total Inter	Pair Corr
0.74	VTMGX	Vanguard Developed	Pair Corr
0.74	VDVIX	Vanguard Developed	Pair Corr
0.74	VTMNX	Vanguard Developed	Pair Corr
0.74	VDIPX	Vanguard Developed	Pair Corr
0.7	FSPSX	Fidelity International	Pair Corr
0.72	CPAYX	Columbia Pacific/asia	Pair Corr
0.73	CASAX	Columbia Pacific/asia	Pair Corr
0.71	CCCZX	Center St Brookfield	Pair Corr
0.72	CASCX	Columbia Pacific/asia	Pair Corr
0.69	MGHRX	Morgan Stanley Insti	Pair Corr
0.69	MSEQX	Growth Portfolio Class	Pair Corr
0.69	MSHLX	Growth Portfolio Class	Pair Corr
0.71	JPM	JPMorgan Chase	Pair Corr
0.67	BA	Boeing Earnings Call This Week	Pair Corr

Moving against Ivy Mutual Fund

0.4	TRV	The Travelers Companies	Pair Corr
0.48	MCD	McDonalds	Pair Corr
0.35	VZ	Verizon Communications Aggressive Push	Pair Corr
0.34	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	RTIUX	LEQCX	PASTX	FLDFX	SMYIX	ARTNX	GRSPX
RTIUX		0.9	0.96	0.97	0.54	0.97	0.94	RTIUX
LEQCX	0.9		0.95	0.95	0.39	0.94	0.93	LEQCX
PASTX	0.96	0.95		0.99	0.52	0.95	0.94	PASTX
FLDFX	0.97	0.95	0.99		0.56	0.98	0.96	FLDFX
SMYIX	0.54	0.39	0.52	0.56		0.47	0.52	SMYIX
ARTNX	0.97	0.94	0.95	0.98	0.47		0.98	ARTNX
GRSPX	0.94	0.93	0.94	0.96	0.52	0.98		GRSPX
	RTIUX	LEQCX	PASTX	FLDFX	SMYIX	ARTNX	GRSPX

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 International 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 International'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
RTIUX	0.42	0.09	(0.07)	0.51	0.24	(0.50)	0.99	(0.85)	2.92
LEQCX	0.40	0.08	(0.14)	0.45	0.00	(0.50)	0.81	(0.71)	2.76
PASTX	0.82	0.28	0.23	0.68	0.21	(1.01)	2.16	(1.30)	6.19
FLDFX	0.33	0.05	(0.19)	0.34	0.00	(0.41)	0.82	(0.56)	2.84
SMYIX	0.54	0.10	0.07	0.34	0.00	(0.65)	1.58	(1.00)	3.63
ARTNX	0.50	0.06	(0.05)	0.30	0.22	(0.58)	1.61	(0.92)	3.74
GRSPX	0.58	0.07	(0.03)	0.33	0.38	(0.65)	1.65	(0.81)	4.30

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