Ivy Natural Correlations

IGNCX Fund

USD 12.13 0.04 0.33%

The current 90-days correlation between Ivy Natural Resources and Nuveen Multi Marketome is -0.24 (i.e., Very good diversification). The correlation of Ivy Natural 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 Natural Correlation With Market

Very weak diversification

The correlation between Ivy Natural Resources and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Natural Resources 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 Natural Resources. 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 main economic indicators.

Moving together with Ivy Mutual Fund

0.68	WRGCX	Ivy Small Cap	Pair Corr
0.69	WSCYX	Ivy Small Cap	Pair Corr
0.69	WSGRX	Ivy Small Cap	Pair Corr
0.75	WSTRX	Ivy Science And	Pair Corr
0.75	WSTYX	Ivy Science And	Pair Corr
0.74	WSTCX	Ivy Science And	Pair Corr
1.0	INRSX	Ivy Natural Resources	Pair Corr
0.72	WTRCX	Ivy E Equity	Pair Corr
0.73	WCEYX	Ivy E Equity	Pair Corr
0.69	IRGFX	Ivy Small Cap	Pair Corr
0.73	ISPVX	Ivy Small Cap	Pair Corr
0.69	IBARX	Ivy Balanced	Pair Corr
0.75	ISTIX	Ivy Science And	Pair Corr
0.75	ISTNX	Ivy Science And	Pair Corr
0.69	IBNYX	Ivy Balanced	Pair Corr
0.69	IBNCX	Ivy Balanced	Pair Corr
0.63	ITGRX	Ivy Global Growth	Pair Corr
0.73	ICEQX	Ivy E Equity	Pair Corr

Related Correlations Analysis

	XJMMX	PWEAX	PIEFX	IGIEX	BXECX	QMNIX	APDOX
XJMMX		0.64	0.68	0.94	0.86	0.73	0.7	XJMMX
PWEAX	0.64		0.98	0.78	0.81	0.8	0.74	PWEAX
PIEFX	0.68	0.98		0.81	0.84	0.83	0.78	PIEFX
IGIEX	0.94	0.78	0.81		0.91	0.83	0.83	IGIEX
BXECX	0.86	0.81	0.84	0.91		0.94	0.9	BXECX
QMNIX	0.73	0.8	0.83	0.83	0.94		0.9	QMNIX
APDOX	0.7	0.74	0.78	0.83	0.9	0.9		APDOX
	XJMMX	PWEAX	PIEFX	IGIEX	BXECX	QMNIX	APDOX

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Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Natural 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 Natural'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
XJMMX	0.19	(0.01)	0.09	0.09	0.22	(0.26)	0.46	(0.46)	0.92
PWEAX	0.72	0.06	0.09	0.14	0.84	(0.82)	1.55	(1.59)	5.83
PIEFX	0.98	0.10	0.09	0.19	1.27	(0.97)	2.06	(2.04)	6.94
IGIEX	0.25	0.00	0.09	0.08	0.30	(0.32)	0.72	(0.49)	1.58
BXECX	0.19	0.03	0.25	(0.58)	0.00	(0.32)	0.55	(0.27)	1.21
QMNIX	0.30	0.14	0.45	0.89	0.00	(0.41)	0.68	(0.39)	1.97
APDOX	0.16	0.03	0.22	0.77	0.10	(0.18)	0.30	(0.29)	1.07

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Ivy Natural Correlations

Ivy Natural Correlation With Market

Very weak diversification

Moving together with Ivy Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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