Ivy Apollo Multi Asset Fund Market Value
| IMACX Fund | USD 9.63 0.06 0.63% |
| Symbol | Ivy |
Ivy Apollo 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ivy Apollo's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ivy Apollo.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Ivy Apollo on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Ivy Apollo Multi Asset or generate 0.0% return on investment in Ivy Apollo over 360 days. Ivy Apollo is related to or competes with Ivy Large, Ivy Small, Ivy High, Ivy Apollo, Ivy Small, and Ivy Emerging. The fund seeks to achieve its objective by primarily investing its assets among a diversified portfolio of global equity... More
Ivy Apollo Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ivy Apollo's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ivy Apollo Multi Asset upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4765 | |||
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 2.38 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.627 |
Ivy Apollo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ivy Apollo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ivy Apollo's standard deviation. In reality, there are many statistical measures that can use Ivy Apollo historical prices to predict the future Ivy Apollo's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ivy Apollo's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ivy Apollo Multi Backtested Returns
Ivy Apollo Multi holds Efficiency (Sharpe) Ratio of -0.0394, which attests that the entity had a -0.0394% return per unit of risk over the last 3 months. Ivy Apollo Multi exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ivy Apollo's insignificant Risk Adjusted Performance, downside deviation of 0.4765, and Market Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Ivy Apollo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ivy Apollo is expected to be smaller as well.
Auto-correlation | 0.33 |
Below average predictability
Ivy Apollo Multi Asset has below average predictability. Overlapping area represents the amount of predictability between Ivy Apollo time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ivy Apollo Multi price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Ivy Apollo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Ivy Apollo Multi lagged returns against current returns
Autocorrelation, which is Ivy Apollo mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ivy Apollo's mutual fund expected returns. We can calculate the autocorrelation of Ivy Apollo returns to help us make a trade decision. For example, suppose you find that Ivy Apollo has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ivy Apollo regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ivy Apollo mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ivy Apollo mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ivy Apollo mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ivy Apollo Lagged Returns
When evaluating Ivy Apollo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ivy Apollo mutual fund have on its future price. Ivy Apollo autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ivy Apollo autocorrelation shows the relationship between Ivy Apollo mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ivy Apollo Multi Asset.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ivy Mutual Fund
Ivy Apollo financial ratios help investors to determine whether Ivy Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ivy with respect to the benefits of owning Ivy Apollo security.
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