Ivy Science Correlations

WSTCX Fund

USD 31.07 0.03 0.1%

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.

Check out Your Current Watchlist to better understand how to build diversified portfolios. 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 main economic indicators.

Moving together with Ivy Mutual Fund

0.89	VITAX	Vanguard Information	Pair Corr
0.86	VTSAX	Vanguard Total Stock	Pair Corr
0.93	VFIAX	Vanguard 500 Index	Pair Corr
0.67	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.83	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.74	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.64	WMT	Walmart Aggressive Push	Pair Corr

Moving against Ivy Mutual Fund

0.63	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.62	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.54	KO	Coca Cola Aggressive Push	Pair Corr
0.48	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	PBXIX	HICSX	PRCCX	COCRX	WEICX	ARBOX
PBXIX		0.88	0.91	0.91	0.88	0.93	PBXIX
HICSX	0.88		0.97	0.98	0.99	0.85	HICSX
PRCCX	0.91	0.97		1.0	0.96	0.89	PRCCX
COCRX	0.91	0.98	1.0		0.98	0.88	COCRX
WEICX	0.88	0.99	0.96	0.98		0.84	WEICX
ARBOX	0.93	0.85	0.89	0.88	0.84		ARBOX
	PBXIX	HICSX	PRCCX	COCRX	WEICX	ARBOX

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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
PBXIX	0.30	0.03	(0.07)	0.18	0.13	(0.39)	0.70	(0.55)	1.94
HICSX	0.35	0.13	0.06	(6.00)	0.00	(0.41)	1.08	(0.63)	2.01
PRCCX	0.39	0.11	0.02	(7.12)	0.26	(0.46)	0.98	(0.70)	1.94
COCRX	0.35	0.10	(0.01)	(2.69)	0.25	(0.41)	0.83	(0.67)	1.81
WEICX	0.43	0.14	0.07	(1.43)	0.23	(0.52)	1.04	(0.72)	2.53
ARBOX	0.04	0.02	0.00	4.30	0.00	0.00	0.09	0.00	0.26

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Ivy Science Correlations

Moving together with Ivy Mutual Fund

Moving against Ivy Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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