Ivy Science Correlations

ISTNX Fund

USD 81.58 0.89 1.10%

The current 90-days correlation between Ivy Science And and Veea Inc is -0.1 (i.e., Good diversification). The correlation of Ivy Science 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 Science Correlation With Market

Poor diversification

The correlation between Ivy Science And and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Science And 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 Science And. 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 board of governors.

Moving together with Ivy Mutual Fund

0.71	WEBB	Web Global Holdings	Pair Corr
0.71	CETXP	Cemtrex Pref	Pair Corr
0.61	GVP	GSE Systems	Pair Corr

Moving against Ivy Mutual Fund

0.83	DLPX	Delphax Technologies	Pair Corr
0.81	VVPR	VivoPower International Tech Boost	Pair Corr
0.8	VHAI	VHAI	Pair Corr
0.44	DZSI	DZS Inc	Pair Corr
0.43	VIDE	Video Display	Pair Corr
0.37	XELAP	Exela Technologies	Pair Corr
0.84	EVOL	Evolving Systems	Pair Corr
0.55	SBIGW	SpringBig Holdings	Pair Corr
0.46	WSTL	Westell Technologies	Pair Corr
0.4	XELA	Exela Technologies Tech Boost	Pair Corr
0.78	SURGW	SurgePays Warrant	Pair Corr
0.74	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.69	ZPTAW	Zapata Computing Holdings	Pair Corr
0.65	VLD	Velo3D Inc	Pair Corr
0.62	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr

Related Correlations Analysis

	VEEA	VHAI	VVPR	WBTN	ILGRX	WRGCX	WRHIX	IMACX	IMAIX	IMAYX
VEEA		-0.2	0.25	-0.36	-0.34	-0.25	-0.09	0.57	0.55	0.56	VEEA
VHAI	-0.2		0.76	0.58	-0.64	-0.34	-0.69	-0.15	-0.2	-0.18	VHAI
VVPR	0.25	0.76		0.3	-0.63	-0.29	-0.74	0.02	-0.03	0.0	VVPR
WBTN	-0.36	0.58	0.3		-0.08	0.26	-0.15	-0.01	-0.01	-0.01	WBTN
ILGRX	-0.34	-0.64	-0.63	-0.08		0.81	0.52	-0.41	-0.35	-0.38	ILGRX
WRGCX	-0.25	-0.34	-0.29	0.26	0.81		0.41	-0.31	-0.26	-0.28	WRGCX
WRHIX	-0.09	-0.69	-0.74	-0.15	0.52	0.41		0.25	0.3	0.28	WRHIX
IMACX	0.57	-0.15	0.02	-0.01	-0.41	-0.31	0.25		1.0	1.0	IMACX
IMAIX	0.55	-0.2	-0.03	-0.01	-0.35	-0.26	0.3	1.0		1.0	IMAIX
IMAYX	0.56	-0.18	0.0	-0.01	-0.38	-0.28	0.28	1.0	1.0		IMAYX
	VEEA	VHAI	VVPR	WBTN	ILGRX	WRGCX	WRHIX	IMACX	IMAIX	IMAYX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IMAIX	+ 1.0	IMACX
IMAYX	+ 1.0	IMACX
IMAYX	+ 1.0	IMAIX
WRGCX	+ 0.81	ILGRX
VVPR	+ 0.76	VHAI
WBTN	+ 0.58	VHAI

High negative correlations

WRHIX	- 0.74	VVPR
WRHIX	- 0.69	VHAI
ILGRX	- 0.64	VHAI
ILGRX	- 0.63	VVPR
IMACX	- 0.41	ILGRX
IMAYX	- 0.38	ILGRX

Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Science 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 Science'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
VEEA	9.21	(0.59)	0.00	0.36	0.00	0.00	11.11	(23.71)	157.04
VHAI	9.97	(1.80)	0.00	0.59	0.00	0.00	20.73	(25.00)	54.90
VVPR	6.20	(0.25)	0.00	(0.64)	0.00	0.00	6.40	(15.56)	112.34
WBTN	3.15	(0.22)	0.00	(0.01)	0.00	0.00	7.65	(7.67)	20.14
ILGRX	0.59	0.00	(0.03)	0.13	0.81	(0.60)	1.40	(1.54)	4.02
WRGCX	0.96	(0.08)	(0.01)	0.07	1.10	(1.09)	2.12	(1.78)	7.40
WRHIX	0.19	0.01	(0.37)	0.24	0.06	(0.29)	0.49	(0.33)	1.47
IMACX	0.33	(0.04)	(0.29)	(0.04)	0.41	(0.38)	0.62	(0.62)	2.25
IMAIX	0.35	(0.03)	(0.28)	(0.01)	0.42	(0.37)	0.63	(0.62)	2.35
IMAYX	0.34	(0.03)	(0.27)	(0.02)	0.44	(0.35)	0.62	(0.70)	2.25

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