Ivy Ig Correlations

Summary

IVJRXDelisted Fund

USD 9.34 0.00 0.00%

The current 90-days correlation between Ivy Ig International and Aqr Large Cap is 0.18 (i.e., Average diversification). The correlation of Ivy Ig 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 Ig Correlation With Market

Modest diversification

The correlation between Ivy Ig International and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Ig International 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. 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 metropolitan statistical area.

Moving together with Ivy Mutual Fund

0.74	XPPRX	Voya Prime Rate	Pair Corr
0.67	ELFNX	Elfun Trusts Elfun	Pair Corr
0.62	DIS	Walt Disney	Pair Corr
0.67	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.68	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Ivy Mutual Fund

0.62	MIDGX	Mfs International New	Pair Corr
0.61	MIDHX	Mfs International New	Pair Corr
0.61	MIDRX	Mfs International New	Pair Corr
0.46	OSMYX	Oppenheimer Intl Small	Pair Corr
0.46	OSCIX	Oppenheimer Intl Small	Pair Corr
0.46	OSMNX	Oppenheimer Intl Small	Pair Corr
0.42	TIDDX	T Rowe Price	Pair Corr
0.77	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.64	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.54	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.42	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	AMONX	ILESX	RHSAX	TFCCX	DOXGX	DFELX	PLAAX
AMONX		0.99	0.78	0.91	0.95	0.98	0.95	AMONX
ILESX	0.99		0.79	0.89	0.93	0.99	0.97	ILESX
RHSAX	0.78	0.79		0.68	0.74	0.84	0.82	RHSAX
TFCCX	0.91	0.89	0.68		0.97	0.88	0.8	TFCCX
DOXGX	0.95	0.93	0.74	0.97		0.92	0.83	DOXGX
DFELX	0.98	0.99	0.84	0.88	0.92		0.97	DFELX
PLAAX	0.95	0.97	0.82	0.8	0.83	0.97		PLAAX
	AMONX	ILESX	RHSAX	TFCCX	DOXGX	DFELX	PLAAX

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Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Ig 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 Ig'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	0.61	0.07	0.08	0.17	0.60	(0.66)	1.26	(1.30)	5.09
ILESX	0.55	0.06	0.07	0.15	0.49	(0.64)	1.21	(1.07)	4.75
RHSAX	0.85	(0.04)	(0.01)	0.06	1.14	(0.96)	1.52	(1.60)	7.38
TFCCX	0.49	(0.03)	(0.07)	0.05	0.59	(0.55)	0.83	(0.69)	5.58
DOXGX	0.49	(0.02)	(0.06)	0.07	0.41	(0.57)	0.94	(0.85)	4.31
DFELX	0.51	0.02	0.00	0.11	0.61	(0.56)	1.02	(0.94)	3.90
PLAAX	0.57	0.08	0.05	0.20	0.59	(0.58)	1.45	(1.02)	4.19

Ivy Ig Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ivy Ig mutual fund to make a market-neutral strategy. Peer analysis of Ivy Ig could also be used in its relative valuation, which is a method of valuing Ivy Ig by comparing valuation metrics with similar companies.

Aqr Large Cap Fisher Large Cap Rational Strategic Allocation Touchstone Large Cap Dodge Cox Stock Enhanced Large Pany Pace Large Growth American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Still Interested in Ivy Ig International?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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