Ivy Asset Correlations

WASAX Fund

USD 23.65 0.05 0.21%

The current 90-days correlation between Ivy Asset Strategy and T Rowe Price is 0.16 (i.e., Average 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

Average diversification

The correlation between Ivy Asset Strategy and DJI is 0.18 (i.e., Average 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 nation.

Moving together with Ivy Mutual Fund

0.97	OASGX	Optimum Small Mid	Pair Corr
0.93	OASVX	Optimum Small Mid	Pair Corr
0.88	WSGAX	Ivy Small Cap	Pair Corr
0.92	OCIEX	Optimum International	Pair Corr
0.94	OCLVX	Optimum Large Cap	Pair Corr
0.97	OCLGX	Optimum Large Cap	Pair Corr
0.9	OCSVX	Optimum Small Mid	Pair Corr
0.97	WSTAX	Ivy Science And	Pair Corr
0.88	DMO	Western Asset Mortgage	Pair Corr
0.99	WCEAX	Ivy E Equity	Pair Corr
0.72	DLHIX	Delaware Healthcare	Pair Corr
0.71	DLHCX	Delaware Healthcare	Pair Corr
0.74	DLHAX	Delaware Healthcare	Pair Corr
0.95	IPOAX	Ivy Emerging Markets	Pair Corr
0.83	OIFIX	Optimum Fixed Income	Pair Corr
0.88	OIIEX	Optimum International	Pair Corr
0.94	OILGX	Optimum Large Cap	Pair Corr
0.94	OILVX	Optimum Large Cap	Pair Corr
0.85	DPCFX	Delaware Diversified	Pair Corr
0.85	DPDFX	Delaware Diversified	Pair Corr
0.84	DPFFX	Delaware Diversified	Pair Corr
0.93	OISGX	Optimum Small Mid	Pair Corr
0.9	OISVX	Optimum Small Mid	Pair Corr
0.93	FGIPX	First Investors Growth	Pair Corr
0.96	WHIAX	Ivy High Income	Pair Corr

Moving against Ivy Mutual Fund

0.66	CXHYX	Delaware National High	Pair Corr
0.31	FTNYX	Delaware Tax Free	Pair Corr
0.46	DMTFX	Delaware Tax Free	Pair Corr
0.38	VAZIX	Delaware Tax Free	Pair Corr

Related Correlations Analysis

	PACEX	RCPIX	SCCIX	OWFIX	GUGAX	SEDAX	ABNTX
PACEX		0.95	0.61	0.93	0.93	0.98	0.89	PACEX
RCPIX	0.95		0.57	0.99	0.99	0.94	0.84	RCPIX
SCCIX	0.61	0.57		0.56	0.58	0.6	0.58	SCCIX
OWFIX	0.93	0.99	0.56		0.99	0.92	0.85	OWFIX
GUGAX	0.93	0.99	0.58	0.99		0.93	0.83	GUGAX
SEDAX	0.98	0.94	0.6	0.92	0.93		0.87	SEDAX
ABNTX	0.89	0.84	0.58	0.85	0.83	0.87		ABNTX
	PACEX	RCPIX	SCCIX	OWFIX	GUGAX	SEDAX	ABNTX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PACEX	0.09	0.04	(0.57)	(10.09)	(0.16)	0.22	(0.11)	0.66
RCPIX	0.21	0.05	(0.21)	2.59	(0.28)	0.45	(0.34)	1.47
SCCIX	0.24	0.04	(0.23)	1.05	(0.30)	0.56	(0.38)	1.42
OWFIX	0.17	0.03	(0.46)	1.48	(0.23)	0.39	(0.20)	0.98
GUGAX	0.21	0.04	(0.30)	2.98	(0.25)	0.46	(0.35)	1.11
SEDAX	0.20	0.09	(0.15)	(8.81)	(0.29)	0.46	(0.23)	1.25
ABNTX	0.13	0.03	(0.45)	1.89	(0.18)	0.29	(0.19)	0.59

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