Ivy Advantus Correlations

IREIX Fund

USD 18.06 0.11 0.61%

The current 90-days correlation between Ivy Advantus Real and T Rowe Price is 0.27 (i.e., Modest diversification). The correlation of Ivy Advantus 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 Advantus Correlation With Market

Modest diversification

The correlation between Ivy Advantus Real and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Advantus Real 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 Advantus Real. 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 gross domestic product.

Moving together with Ivy Mutual Fund

0.8	DX	Dynex Capital	Pair Corr
0.7	HR	Healthcare Realty Trust	Pair Corr
0.65	OZ	Belpointe PREP LLC	Pair Corr
0.73	EPRT	Essential Properties	Pair Corr
0.74	EQIX	Equinix	Pair Corr

Moving against Ivy Mutual Fund

0.33

VTMX

Corporacin Inmobiliaria

Pair Corr

Related Correlations Analysis

	TBLLX	TRBSX	IMGRX	TRRZX	JTSQX	PASUX	JABKX
TBLLX		1.0	0.98	1.0	0.91	0.92	0.7	TBLLX
TRBSX	1.0		0.98	1.0	0.91	0.92	0.7	TRBSX
IMGRX	0.98	0.98		0.99	0.9	0.91	0.77	IMGRX
TRRZX	1.0	1.0	0.99		0.91	0.92	0.72	TRRZX
JTSQX	0.91	0.91	0.9	0.91		0.99	0.77	JTSQX
PASUX	0.92	0.92	0.91	0.92	0.99		0.77	PASUX
JABKX	0.7	0.7	0.77	0.72	0.77	0.77		JABKX
	TBLLX	TRBSX	IMGRX	TRRZX	JTSQX	PASUX	JABKX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Advantus 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 Advantus' 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
TBLLX	0.50	(0.02)	(0.06)	0.08	0.65	(0.53)	0.98	(1.05)	3.23
TRBSX	0.51	(0.02)	(0.06)	0.08	0.64	(0.55)	1.07	(1.06)	3.14
IMGRX	0.41	(0.01)	(0.10)	0.08	0.51	(0.42)	0.76	(0.87)	2.51
TRRZX	0.49	(0.03)	(0.08)	0.07	0.64	(0.51)	0.96	(1.07)	3.08
JTSQX	0.50	0.05	(0.07)	(9.77)	0.61	(0.53)	1.12	(0.93)	3.11
PASUX	0.50	0.06	(0.06)	(7.79)	0.62	(0.55)	0.99	(1.05)	3.06
JABKX	0.26	0.02	(0.22)	0.81	0.27	(0.27)	0.55	(0.55)	1.35

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC