Ivy Science Correlations

WSTRX Fund

USD 49.17 0.58 1.19%

The current 90-days correlation between Ivy Science And and Touchstone Premium Yield is 0.04 (i.e., Significant diversification). 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 -0.05 (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 metropolitan statistical area.

Moving together with Ivy Mutual Fund

0.73	VVPR	VivoPower International	Pair Corr
0.94	DBD	Diebold Nixdorf,	Pair Corr
0.69	GTM	ZoomInfo Technologies Symbol Change	Pair Corr
0.65	OUSTZ	Ouster, Warrants	Pair Corr
0.61	BULLW	Webull Warrants	Pair Corr
0.9	HPE-PC	Hewlett Packard Ente	Pair Corr
0.95	CORZZ	Core Scientific, Tranche	Pair Corr
0.72	RZLVW	Rezolve AI Limited	Pair Corr
0.85	STRF	MicroStrategy Incorporated	Pair Corr
0.89	ILGRX	Ivy Large Cap	Pair Corr
0.93	WRGCX	Ivy Small Cap	Pair Corr
0.9	WRHIX	Ivy High Income	Pair Corr

Moving against Ivy Mutual Fund

0.78	HPAIW	Helport AI Limited	Pair Corr
0.69	APCXW	AppTech Payments Corp	Pair Corr
0.62	VSTE	Vast Renewables	Pair Corr
0.62	VSTEW	Vast Renewables	Pair Corr
0.61	VISL	Vislink Technologies	Pair Corr
0.58	EXOD	Exodus Movement, Upward Rally	Pair Corr
0.79	APCX	Apptech Corp	Pair Corr
0.74	SMTK	SmartKem, Common Stock	Pair Corr
0.73	SLNHP	Soluna Holdings Preferred	Pair Corr
0.55	NOVA	Sunnova Energy Inter	Pair Corr
0.54	ODYS	Odysightai Common Stock	Pair Corr

Related Correlations Analysis

	TPYYX	FLQTVX	RULFX	DSDYX	TTRBX	GHVIX	ABNCX	SGYAX
TPYYX		0.77	0.75	0.25	0.65	0.9	0.31	0.87	TPYYX
FLQTVX	0.77		0.85	0.65	0.86	0.85	0.75	0.81	FLQTVX
RULFX	0.75	0.85		0.53	0.8	0.78	0.57	0.75	RULFX
DSDYX	0.25	0.65	0.53		0.75	0.45	0.76	0.46	DSDYX
TTRBX	0.65	0.86	0.8	0.75		0.86	0.65	0.87	TTRBX
GHVIX	0.9	0.85	0.78	0.45	0.86		0.47	0.96	GHVIX
ABNCX	0.31	0.75	0.57	0.76	0.65	0.47		0.43	ABNCX
SGYAX	0.87	0.81	0.75	0.46	0.87	0.96	0.43		SGYAX
	TPYYX	FLQTVX	RULFX	DSDYX	TTRBX	GHVIX	ABNCX	SGYAX

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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
TPYYX	1.04	0.11	0.06	0.17	1.48	(1.14)	1.93	(1.87)	10.26
FLQTVX	0.15	0.01	(0.16)	4.07	0.17	(0.15)	0.32	(0.29)	0.99
RULFX	0.05	0.00	(0.36)	0.00	0.00	(0.17)	0.10	(0.10)	0.50
DSDYX	0.21	0.01	(0.11)	(0.20)	0.26	(0.21)	0.49	(0.44)	1.32
TTRBX	0.20	0.01	(0.10)	(0.61)	0.21	(0.21)	0.40	(0.40)	1.21
GHVIX	0.28	0.03	(0.02)	(4.38)	0.39	(0.30)	0.64	(0.91)	2.72
ABNCX	0.19	0.01	(0.10)	(0.69)	0.21	(0.20)	0.40	(0.40)	1.29
SGYAX	0.20	0.01	(0.05)	0.15	0.24	(0.30)	0.58	(0.44)	1.31

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