Ivy Asset Correlations

WASAX Fund

USD 23.34 0.11 0.47%

The current 90-days correlation between Ivy Asset Strategy and Pace International Emerging is 0.25 (i.e., Modest 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

Very poor diversification

The correlation between Ivy Asset Strategy and DJI is 0.85 (i.e., Very poor 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

0.96	WSGAX	Ivy Small Cap	Pair Corr
1.0	WCEAX	Ivy E Equity	Pair Corr
0.8	DLHCX	Delaware Healthcare	Pair Corr
0.82	DLHAX	Delaware Healthcare	Pair Corr
0.97	IPOAX	Ivy Emerging Markets	Pair Corr
0.66	DMOCX	Delaware Tax Free	Pair Corr
0.95	IRSAX	Ivy Advantus Real	Pair Corr
0.98	FGIPX	First Investors Growth	Pair Corr
0.98	FGINX	First Investors Growth	Pair Corr
0.79	WHIAX	Ivy High Income	Pair Corr
0.85	DPREX	Delaware Reit	Pair Corr
0.84	DPRCX	Delaware Reit	Pair Corr
0.86	IBNAX	Ivy Balanced	Pair Corr
0.99	IVIAX	Ivy International	Pair Corr
1.0	IVINX	Ivy Global Growth	Pair Corr
0.98	FIUSX	First Investors Oppo	Pair Corr
0.99	FIVUX	First Investors Oppo	Pair Corr
0.86	IVOAX	Ivy Mid Cap	Pair Corr
0.87	IEYAX	Ivy Energy Fund	Pair Corr
0.84	DTICX	Delaware Limited Term	Pair Corr
0.76	WLGAX	Ivy Large Cap	Pair Corr
0.81	DTRIX	Delaware Limited Term	Pair Corr
0.96	DCCCX	Delaware Small Cap	Pair Corr
0.96	DCCAX	Delaware Small Cap	Pair Corr
0.87	DUGCX	Delaware Core Plus	Pair Corr
0.81	WMGAX	Ivy Mid Cap	Pair Corr

Moving against Ivy Mutual Fund

0.4

DVHCX

Delaware National High

Pair Corr

Related Correlations Analysis

	ZEMIX	SEKRX	QTERX	FEMDX	EMSLX	PCEMX
ZEMIX		0.89	0.94	0.86	0.78	0.94	ZEMIX
SEKRX	0.89		0.96	0.78	0.7	0.97	SEKRX
QTERX	0.94	0.96		0.83	0.74	0.98	QTERX
FEMDX	0.86	0.78	0.83		0.93	0.87	FEMDX
EMSLX	0.78	0.7	0.74	0.93		0.78	EMSLX
PCEMX	0.94	0.97	0.98	0.87	0.78		PCEMX
	ZEMIX	SEKRX	QTERX	FEMDX	EMSLX	PCEMX

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ZEMIX	0.93	0.37	0.46	0.54	0.00	(1.23)	1.54	(1.09)	20.20
SEKRX	0.71	0.13	0.09	0.54	0.70	(0.75)	2.16	(1.20)	3.90
QTERX	0.63	0.14	0.16	0.32	0.44	(0.79)	1.27	(1.09)	3.21
FEMDX	0.15	0.07	0.03	0.56	0.00	(0.21)	0.48	(0.24)	1.12
EMSLX	0.91	0.35	0.36	0.62	0.32	(1.06)	1.40	(1.63)	19.22
PCEMX	0.59	0.20	0.20	1.30	0.33	(0.74)	1.60	(0.86)	3.39

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