Ivy International Correlations

IVVYX Fund

USD 21.19 0.09 0.43%

The current 90-days correlation between Ivy International and Issachar Fund Class is 0.47 (i.e., Very weak diversification). The correlation of Ivy International 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 International Correlation With Market

Very weak diversification

The correlation between Ivy International E and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy International E and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivy International E. 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

0.85	IMACX	Ivy Apollo Multi	Pair Corr
0.84	IMAIX	Ivy Apollo Multi	Pair Corr
0.84	IMAYX	Ivy Apollo Multi	Pair Corr
0.75	IMEGX	Ivy Emerging Markets	Pair Corr
0.84	IMURX	Ivy Apollo Multi	Pair Corr
0.75	IPOYX	Ivy Emerging Markets	Pair Corr
0.76	IPOCX	Ivy Emerging Markets	Pair Corr
0.75	IPOIX	Ivy Emerging Markets	Pair Corr
1.0	ICEIX	Ivy International	Pair Corr

Moving against Ivy Mutual Fund

0.39	ILGRX	Ivy Large Cap	Pair Corr
0.4	ISPVX	Ivy Small Cap	Pair Corr

Related Correlations Analysis

	LIOTX	TGVVX	LANIX	VISGX	APDTX	PRNHX	VOLMX	ABVCX
LIOTX		0.91	0.89	0.93	0.88	0.89	0.91	0.95	LIOTX
TGVVX	0.91		0.98	0.96	0.96	0.93	0.98	0.95	TGVVX
LANIX	0.89	0.98		0.94	0.96	0.91	0.97	0.95	LANIX
VISGX	0.93	0.96	0.94		0.91	0.98	0.97	0.98	VISGX
APDTX	0.88	0.96	0.96	0.91		0.84	0.91	0.93	APDTX
PRNHX	0.89	0.93	0.91	0.98	0.84		0.96	0.95	PRNHX
VOLMX	0.91	0.98	0.97	0.97	0.91	0.96		0.97	VOLMX
ABVCX	0.95	0.95	0.95	0.98	0.93	0.95	0.97		ABVCX
	LIOTX	TGVVX	LANIX	VISGX	APDTX	PRNHX	VOLMX	ABVCX

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Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy International 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 International'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
LIOTX	0.64	0.06	0.03	0.21	0.70	(0.75)	1.25	(1.28)	3.54
TGVVX	0.72	0.00	0.00	0.12	1.04	(0.67)	1.47	(1.84)	4.86
LANIX	0.50	(0.02)	(0.07)	0.09	0.55	(0.55)	0.99	(0.87)	3.06
VISGX	0.83	0.07	0.09	0.17	0.86	(0.96)	1.78	(1.50)	5.31
APDTX	0.78	0.03	0.01	0.16	1.01	(0.78)	1.73	(1.27)	5.07
PRNHX	0.78	0.03	0.04	0.14	1.01	(0.82)	1.80	(1.29)	6.84
VOLMX	0.61	0.00	0.00	0.12	0.59	(0.71)	1.14	(1.35)	4.49
ABVCX	0.54	0.04	0.04	0.16	0.27	(0.68)	1.09	(0.80)	3.88

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