Ivy Large Correlations

WLGAX Fund

USD 37.14 0.53 1.41%

The current 90-days correlation between Ivy Large Cap and Health Biotchnology Portfolio is 0.57 (i.e., Very weak diversification). The correlation of Ivy Large 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 Large Correlation With Market

Poor diversification

The correlation between Ivy Large Cap and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist 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 nation.

Moving together with Ivy Mutual Fund

0.82	OASGX	Optimum Small Mid	Pair Corr
0.83	OASVX	Optimum Small Mid	Pair Corr
0.81	WSGAX	Ivy Small Cap	Pair Corr
0.79	OCLVX	Optimum Large Cap	Pair Corr
0.83	OCLGX	Optimum Large Cap	Pair Corr
0.82	OCSGX	Optimum Small Mid	Pair Corr
0.83	OCSVX	Optimum Small Mid	Pair Corr
0.64	DMO	Western Asset Mortgage	Pair Corr
0.82	WCEAX	Ivy E Equity	Pair Corr
0.83	OILGX	Optimum Large Cap	Pair Corr
0.82	OISGX	Optimum Small Mid	Pair Corr
0.83	OISVX	Optimum Small Mid	Pair Corr
0.85	FGIPX	First Investors Growth	Pair Corr
0.85	FGINX	First Investors Growth	Pair Corr

Moving against Ivy Mutual Fund

0.7	OCFIX	Optimum Fixed Income	Pair Corr
0.49	DLHIX	Delaware Healthcare	Pair Corr
0.49	DLHCX	Delaware Healthcare	Pair Corr
0.49	DLHAX	Delaware Healthcare	Pair Corr
0.49	DLRHX	Delaware Healthcare	Pair Corr
0.46	IMAAX	Ivy Apollo Multi	Pair Corr
0.42	DLTRX	Delaware Limited Term	Pair Corr
0.4	CXHYX	Delaware National High	Pair Corr
0.38	FTORX	First Investors Tax	Pair Corr
0.38	FTOTX	First Investors Tax	Pair Corr
0.36	FTNYX	Delaware Tax Free	Pair Corr
0.36	DLTZX	Delaware Limited Term	Pair Corr
0.72	OIFIX	Optimum Fixed Income	Pair Corr
0.7	DPRFX	Delaware Diversified	Pair Corr
0.69	DPCFX	Delaware Diversified	Pair Corr
0.69	DPFFX	Delaware Diversified	Pair Corr
0.68	DPDFX	Delaware Diversified	Pair Corr
0.68	DPZRX	Delaware Diversified	Pair Corr
0.47	DMTFX	Delaware Tax Free	Pair Corr
0.46	DPREX	Delaware Reit	Pair Corr
0.45	DPRSX	Delaware Reit	Pair Corr
0.45	DPRCX	Delaware Reit	Pair Corr
0.44	DPRRX	Delaware Reit	Pair Corr
0.43	DPRDX	Real Estate	Pair Corr
0.41	DMUSX	Delaware Tax Free	Pair Corr

Related Correlations Analysis

	SHPCX	BHCHX	THQ	LYFAX	JEHSX	HHCZX	LHCCX
SHPCX		0.8	0.43	0.79	0.71	-0.57	0.63	SHPCX
BHCHX	0.8		0.83	0.63	0.91	-0.51	0.61	BHCHX
THQ	0.43	0.83		0.38	0.82	-0.38	0.3	THQ
LYFAX	0.79	0.63	0.38		0.49	-0.33	0.64	LYFAX
JEHSX	0.71	0.91	0.82	0.49		-0.75	0.3	JEHSX
HHCZX	-0.57	-0.51	-0.38	-0.33	-0.75		0.04	HHCZX
LHCCX	0.63	0.61	0.3	0.64	0.3	0.04		LHCCX
	SHPCX	BHCHX	THQ	LYFAX	JEHSX	HHCZX	LHCCX

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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

JEHSX	+ 0.91	BHCHX
THQ	+ 0.83	BHCHX
JEHSX	+ 0.82	THQ
BHCHX	+ 0.8	SHPCX
LYFAX	+ 0.79	SHPCX
JEHSX	+ 0.71	SHPCX

High negative correlations

HHCZX	- 0.75	JEHSX
HHCZX	- 0.57	SHPCX
HHCZX	- 0.51	BHCHX
HHCZX	- 0.38	THQ
HHCZX	- 0.33	LYFAX

Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Large 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 Large'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
SHPCX	0.61	(0.16)	0.00	(0.19)	0.00	0.00	0.96	(1.23)	4.21
BHCHX	0.65	(0.14)	0.00	(0.10)	0.00	0.00	1.27	(1.32)	4.20
THQ	0.81	(0.12)	0.00	(0.08)	0.00	0.00	1.41	(1.67)	5.19
LYFAX	0.64	(0.06)	0.00	(0.53)	0.00	0.00	1.10	(1.65)	3.82
JEHSX	0.84	(0.28)	0.00	(0.24)	0.00	0.00	1.15	(1.81)	9.00
HHCZX	0.16	0.00	(0.36)	0.12	0.03	(0.20)	0.37	(0.31)	1.14
LHCCX	0.75	(0.10)	0.00	(0.02)	0.00	0.00	1.50	(1.57)	5.15

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