Ivy Science Correlations

WSTYX Fund

USD 58.08 0.08 0.14%

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

Good diversification

The correlation between Ivy Science And and DJI is -0.17 (i.e., Good 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 Your Current Watchlist 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 manufacturing.

Moving together with IVY Mutual Fund

0.66	VISL	Vislink Technologies	Pair Corr
0.68	ZSPC	zSpace, Common stock Upward Rally	Pair Corr
0.76	INGM	Ingram Micro Holding	Pair Corr
0.67	MIND	Mind Technology	Pair Corr
0.82	HPE-PC	Hewlett Packard Ente	Pair Corr
0.65	SLNHP	Soluna Holdings Preferred	Pair Corr
0.8	PENG	Penguin Solutions, Symbol Change	Pair Corr

Moving against IVY Mutual Fund

0.62	INFN	Infinera	Pair Corr
0.38	EMKR	EMCORE	Pair Corr
0.47	MTTR	Matterport	Pair Corr
0.46	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.45	AMBR	Amber Road, Symbol Change	Pair Corr
0.33	HPAIW	Helport AI Limited	Pair Corr

Related Correlations Analysis

	ABNOX	LIPNX	APISX	FLIBX	QCILRX	TRBFX
ABNOX		0.97	0.97	0.98	0.98	0.98	ABNOX
LIPNX	0.97		0.97	1.0	0.99	0.95	LIPNX
APISX	0.97	0.97		0.98	0.99	0.98	APISX
FLIBX	0.98	1.0	0.98		1.0	0.96	FLIBX
QCILRX	0.98	0.99	0.99	1.0		0.98	QCILRX
TRBFX	0.98	0.95	0.98	0.96	0.98		TRBFX
	ABNOX	LIPNX	APISX	FLIBX	QCILRX	TRBFX

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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
ABNOX	0.16	0.02	0.39	(0.65)	0.00	(0.20)	0.39	(0.30)	0.89
LIPNX	0.21	0.03	0.31	0.68	0.17	(0.25)	0.42	(0.42)	1.25
APISX	0.10	0.03	0.59	4.22	0.00	(0.14)	0.19	(0.10)	0.67
FLIBX	0.22	0.03	0.31	0.68	0.16	(0.27)	0.44	(0.53)	1.43
QCILRX	0.15	0.03	0.45	1.73	0.00	(0.16)	0.32	(0.33)	0.94
TRBFX	0.12	0.02	0.32	(0.80)	0.00	(0.26)	0.42	(0.22)	0.85

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