Ivy Mid Correlations

WMGAX Fund

USD 26.21 0.07 0.27%

The current 90-days correlation between Ivy Mid Cap and Aqr Large Cap is -0.04 (i.e., Good diversification). The correlation of Ivy Mid 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 Mid Correlation With Market

Good diversification

The correlation between Ivy Mid Cap and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Mid Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ivy Mid 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 nation.

Moving together with Ivy Mutual Fund

0.99	OASGX	Optimum Small Mid	Pair Corr
0.73	OASVX	Optimum Small Mid	Pair Corr
0.72	WASAX	Ivy Asset Strategy	Pair Corr
0.98	WSGAX	Ivy Small Cap	Pair Corr
0.65	OCIEX	Optimum International	Pair Corr
0.74	OCLVX	Optimum Large Cap	Pair Corr
0.74	OCLGX	Optimum Large Cap	Pair Corr
0.99	OCSGX	Optimum Small Mid	Pair Corr
0.98	OCSVX	Optimum Small Mid	Pair Corr
0.98	WSTAX	Ivy Science And	Pair Corr
0.77	WCEAX	Ivy E Equity	Pair Corr
0.73	DLTRX	Delaware Limited Term	Pair Corr
0.7	IPOAX	Ivy Emerging Markets	Pair Corr
0.74	IRSAX	Ivy Advantus Real	Pair Corr
0.97	OIIEX	Optimum International	Pair Corr
0.99	OILGX	Optimum Large Cap	Pair Corr
0.98	OILVX	Optimum Large Cap	Pair Corr
0.65	DPDFX	Delaware Diversified	Pair Corr
0.65	DPFFX	Delaware Diversified	Pair Corr

Moving against Ivy Mutual Fund

0.32	FTNYX	Delaware Tax Free	Pair Corr
0.35	VAZIX	Delaware Tax Free	Pair Corr

Related Correlations Analysis

	AMONX	PLAAX	UPAAX	OWLSX	JAAIX	TRBCX
AMONX		1.0	0.99	0.99	0.98	1.0	AMONX
PLAAX	1.0		1.0	1.0	0.99	1.0	PLAAX
UPAAX	0.99	1.0		1.0	0.98	1.0	UPAAX
OWLSX	0.99	1.0	1.0		0.99	1.0	OWLSX
JAAIX	0.98	0.99	0.98	0.99		0.98	JAAIX
TRBCX	1.0	1.0	1.0	1.0	0.98		TRBCX
	AMONX	PLAAX	UPAAX	OWLSX	JAAIX	TRBCX

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Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Mid 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 Mid'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
AMONX	0.73	0.15	0.14	0.29	0.55	(0.80)	2.22	(1.05)	4.88
PLAAX	0.66	0.11	0.11	0.26	0.51	(0.76)	1.94	(1.09)	4.32
UPAAX	1.42	0.33	0.23	0.31	1.15	(1.60)	4.24	(2.97)	10.19
OWLSX	0.48	0.12	0.11	0.33	0.24	(0.58)	1.45	(1.02)	3.37
JAAIX	0.12	0.04	(0.38)	0.43	0.00	(0.18)	0.37	(0.19)	0.89
TRBCX	0.84	0.17	0.17	0.30	0.69	(0.97)	2.50	(1.34)	5.73

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