Ivy Science Correlations

WSTAX Fund

USD 60.51 0.18 0.30%

The current 90-days correlation between Ivy Science And and Heritage Fund Investor is 0.03 (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

Poor diversification

The correlation between Ivy Science And and DJI is 0.76 (i.e., Poor 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 nation.

Moving together with Ivy Mutual Fund

0.74	WASAX	Ivy Asset Strategy	Pair Corr
0.63	WSGAX	Ivy Small Cap	Pair Corr
0.69	WCEAX	Ivy E Equity	Pair Corr
0.61	DLHCX	Delaware Healthcare	Pair Corr
0.64	DLHAX	Delaware Healthcare	Pair Corr
0.8	IPOAX	Ivy Emerging Markets	Pair Corr
0.63	DMUSX	Delaware Tax Free	Pair Corr
0.61	DPDFX	Delaware Diversified	Pair Corr
0.71	FGIPX	First Investors Growth	Pair Corr
0.77	FGINX	First Investors Growth	Pair Corr
0.8	WHIAX	Ivy High Income	Pair Corr
0.76	DPREX	Delaware Reit	Pair Corr
0.74	DPRCX	Delaware Reit	Pair Corr
0.85	IBNAX	Ivy Balanced	Pair Corr
0.76	IVIAX	Ivy International	Pair Corr
0.74	IVINX	Ivy Global Growth	Pair Corr
0.71	FIUSX	First Investors Oppo	Pair Corr
0.68	FIVUX	First Investors Oppo	Pair Corr
0.68	IVOAX	Ivy Mid Cap	Pair Corr
0.8	IEYAX	Ivy Energy Fund	Pair Corr
0.66	DTRIX	Delaware Limited Term	Pair Corr
0.7	DCCCX	Delaware Small Cap	Pair Corr
0.75	DCCAX	Delaware Small Cap	Pair Corr
0.78	DUGCX	Delaware Core Plus	Pair Corr
0.63	DUICX	Delaware Tax Free	Pair Corr
0.69	WMGAX	Ivy Mid Cap	Pair Corr

Related Correlations Analysis

	BGSAX	VGICX	NYVTX	VADRX	DFSCX	DFREX	JEPIX	MUTHX	DFEMX	TWHIX
BGSAX		0.32	0.39	0.26	0.29	0.11	0.3	0.3	0.4	0.55	BGSAX
VGICX	0.32		0.96	0.92	0.97	0.69	0.99	0.99	0.91	0.16	VGICX
NYVTX	0.39	0.96		0.93	0.93	0.56	0.94	0.97	0.86	0.21	NYVTX
VADRX	0.26	0.92	0.93		0.89	0.54	0.88	0.94	0.83	0.2	VADRX
DFSCX	0.29	0.97	0.93	0.89		0.66	0.96	0.97	0.84	0.23	DFSCX
DFREX	0.11	0.69	0.56	0.54	0.66		0.75	0.63	0.76	-0.16	DFREX
JEPIX	0.3	0.99	0.94	0.88	0.96	0.75		0.97	0.89	0.14	JEPIX
MUTHX	0.3	0.99	0.97	0.94	0.97	0.63	0.97		0.86	0.18	MUTHX
DFEMX	0.4	0.91	0.86	0.83	0.84	0.76	0.89	0.86		-0.01	DFEMX
TWHIX	0.55	0.16	0.21	0.2	0.23	-0.16	0.14	0.18	-0.01		TWHIX
	BGSAX	VGICX	NYVTX	VADRX	DFSCX	DFREX	JEPIX	MUTHX	DFEMX	TWHIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JEPIX	+ 0.99	VGICX
MUTHX	+ 0.99	VGICX
DFSCX	+ 0.97	VGICX
MUTHX	+ 0.97	NYVTX
MUTHX	+ 0.97	DFSCX
MUTHX	+ 0.97	JEPIX

High negative correlations

TWHIX	- 0.16	DFREX
TWHIX	- 0.01	DFEMX

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
BGSAX	1.16	(0.06)	0.00	2.90	0.00	0.00	2.12	(2.97)	7.19
VGICX	0.54	0.07	0.09	0.13	0.51	(0.59)	1.40	(1.02)	3.09
NYVTX	0.64	0.14	0.12	1.21	0.65	(0.69)	1.43	(1.21)	3.69
VADRX	0.74	0.21	0.27	0.28	0.33	(0.90)	1.68	(1.18)	11.37
DFSCX	0.81	0.11	0.13	0.14	0.68	(0.99)	2.54	(1.54)	5.02
DFREX	0.58	0.09	0.07	0.31	0.67	(0.59)	1.44	(1.14)	3.03
JEPIX	0.37	0.05	0.06	0.13	0.29	(0.46)	1.00	(0.72)	2.71
MUTHX	0.52	0.09	0.12	0.17	0.48	(0.54)	1.34	(1.13)	3.20
DFEMX	0.63	0.17	0.19	(43.09)	0.41	(0.76)	1.35	(1.02)	3.94
TWHIX	0.90	(0.11)	0.00	(0.05)	0.00	0.00	1.45	(2.09)	6.33

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