Ivy Asset Correlations

WASCX Fund

USD 20.68 0.01 0.05%

The current 90-days correlation between Ivy Asset Strategy and HUMANA INC is 0.09 (i.e., Significant diversification). The correlation of Ivy Asset 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 Asset Correlation With Market

Poor diversification

The correlation between Ivy Asset Strategy and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Asset Strategy and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ivy Asset Strategy. 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

0.71	ILGRX	Ivy Large Cap	Pair Corr
0.66	WRHIX	Ivy High Income	Pair Corr
0.64	IMEGX	Ivy Emerging Markets	Pair Corr
1.0	WASYX	Ivy Asset Strategy	Pair Corr
0.93	WSTRX	Ivy Science And	Pair Corr
0.93	WSTYX	Ivy Science And	Pair Corr
0.93	WSTCX	Ivy Science And	Pair Corr
0.9	INPEX	American Funds Income	Pair Corr
0.87	INRSX	Ivy Natural Resources	Pair Corr
0.8	WTRCX	Ivy E Equity	Pair Corr
0.79	WCEYX	Ivy E Equity	Pair Corr
0.64	IPOYX	Ivy Emerging Markets	Pair Corr
0.64	IPOIX	Ivy Emerging Markets	Pair Corr
1.0	IASTX	Ivy Asset Strategy	Pair Corr
1.0	IASRX	Ivy Asset Strategy	Pair Corr
0.65	ISPVX	Ivy Small Cap	Pair Corr
0.83	IBARX	Ivy Balanced	Pair Corr
0.93	ISTIX	Ivy Science And	Pair Corr
0.93	ISTNX	Ivy Science And	Pair Corr
0.63	WHIYX	Ivy High Income	Pair Corr
0.84	IBNYX	Ivy Balanced	Pair Corr
0.84	IBNCX	Ivy Balanced	Pair Corr
0.98	ITGRX	Ivy Global Growth	Pair Corr
0.79	ICEQX	Ivy E Equity	Pair Corr
0.79	ICIEX	Ivy E Equity	Pair Corr

Related Correlations Analysis

	444859BR2	SCRYY	AQUI	LBHIX	ID	VIASP	RRTLX	KNG	OSHDF
444859BR2		-0.53	0.0	-0.54	-0.53	-0.46	-0.39	-0.43	-0.46	444859BR2
SCRYY	-0.53		0.0	0.48	0.73	0.68	0.39	0.43	0.8	SCRYY
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	-0.54	0.48	0.0		0.55	0.26	0.74	0.71	0.35	LBHIX
ID	-0.53	0.73	0.0	0.55		0.73	0.52	0.46	0.74	ID
VIASP	-0.46	0.68	0.0	0.26	0.73		0.1	0.06	0.82	VIASP
RRTLX	-0.39	0.39	0.0	0.74	0.52	0.1		0.88	0.16	RRTLX
KNG	-0.43	0.43	0.0	0.71	0.46	0.06	0.88		0.18	KNG
OSHDF	-0.46	0.8	0.0	0.35	0.74	0.82	0.16	0.18		OSHDF
	444859BR2	SCRYY	AQUI	LBHIX	ID	VIASP	RRTLX	KNG	OSHDF

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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

KNG	+ 0.88	RRTLX
OSHDF	+ 0.82	VIASP
OSHDF	+ 0.8	SCRYY
RRTLX	+ 0.74	LBHIX
OSHDF	+ 0.74	ID
ID	+ 0.73	SCRYY

High negative correlations

LBHIX	- 0.54	444859BR2
ID	- 0.53	444859BR2
SCRYY	- 0.53	444859BR2
OSHDF	- 0.46	444859BR2
VIASP	- 0.46	444859BR2
KNG	- 0.43	444859BR2

Risk-Adjusted Indicators

There is a big difference between IVY Mutual Fund performing well and Ivy Asset 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 Asset'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
444859BR2	1.36	(0.08)	0.00	(0.21)	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.07	0.29	0.08	1.93	2.02	(2.85)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
ID	3.91	0.70	0.13	1.00	4.02	(5.25)	7.89	(6.67)	20.54
VIASP	0.75	0.08	(0.03)	(1.87)	1.12	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	(0.03)	(0.31)	0.03	0.26	(0.26)	0.48	(0.56)	1.36
KNG	0.42	(0.02)	(0.15)	0.08	0.42	(0.45)	0.84	(0.77)	1.82
OSHDF	39.65	20.19	0.00	(32.36)	0.00	0.00	0.00	0.00	1,329

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