Ivy International Correlations

IVIFX Fund

USD 17.71 0.05 0.28%

The current 90-days correlation between Ivy International and Transamerica Financial Life is 0.09 (i.e., Significant 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

Average diversification

The correlation between Ivy International E and DJI is 0.1 (i.e., Average 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 census.

Moving together with Ivy Mutual Fund

0.64	VGTSX	Vanguard Total Inter	Pair Corr
0.61	VTIAX	Vanguard Total Inter	Pair Corr
0.61	VTSNX	Vanguard Total Inter	Pair Corr
0.97	VTISX	Vanguard Total Inter	Pair Corr
0.62	VDVIX	Vanguard Developed	Pair Corr
0.62	VTMNX	Vanguard Developed	Pair Corr
0.96	VDIPX	Vanguard Developed	Pair Corr
0.95	FSPSX	Fidelity International	Pair Corr
0.72	BRUFX	Bruce Fund Bruce	Pair Corr

Moving against Ivy Mutual Fund

0.35	XGEIX	Guggenheim Energy Income	Pair Corr
0.43	DIS	Walt Disney	Pair Corr
0.33	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.32	WMT	Walmart	Pair Corr
0.31	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	IAAEX	FAFDX	PFSQX	MSVIX	ICFAX	FNPSX	MCBXX	XFINX
IAAEX		0.56	0.74	0.9	0.5	0.42	0.0	0.29	IAAEX
FAFDX	0.56		0.92	0.62	0.03	0.97	0.0	0.65	FAFDX
PFSQX	0.74	0.92		0.78	0.12	0.85	0.0	0.61	PFSQX
MSVIX	0.9	0.62	0.78		0.41	0.49	0.0	0.48	MSVIX
ICFAX	0.5	0.03	0.12	0.41		-0.01	0.0	-0.41	ICFAX
FNPSX	0.42	0.97	0.85	0.49	-0.01		0.0	0.61	FNPSX
MCBXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MCBXX
XFINX	0.29	0.65	0.61	0.48	-0.41	0.61	0.0		XFINX
	IAAEX	FAFDX	PFSQX	MSVIX	ICFAX	FNPSX	MCBXX	XFINX

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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

FNPSX	+ 0.97	FAFDX
PFSQX	+ 0.92	FAFDX
MSVIX	+ 0.9	IAAEX
FNPSX	+ 0.85	PFSQX
MSVIX	+ 0.78	PFSQX
PFSQX	+ 0.74	IAAEX

High negative correlations

XFINX	- 0.41	ICFAX
FNPSX	- 0.01	ICFAX
XFINX	- 0.0	MCBXX
MCBXX	- 0.0	FNPSX
MCBXX	- 0.0	ICFAX
MCBXX	- 0.0	MSVIX

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
IAAEX	0.67	(0.17)	0.00	(12.84)	0.00	0.00	1.02	(0.98)	11.37
FAFDX	0.84	0.06	0.05	0.56	1.03	(0.93)	1.86	(1.40)	11.23
PFSQX	0.85	(0.02)	0.00	0.26	0.00	0.00	1.55	(1.72)	12.13
MSVIX	0.83	(0.15)	0.00	(5.35)	0.00	0.00	1.64	(1.37)	15.10
ICFAX	0.91	(0.19)	0.00	(0.77)	0.00	0.00	1.43	(2.58)	18.69
FNPSX	1.11	0.10	0.06	0.43	1.30	(1.21)	2.49	(2.10)	13.76
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XFINX	0.12	0.00	0.00	0.16	0.20	(0.14)	0.21	(0.21)	1.14

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