Ivy Small Cap Fund Market Value
| ISPVX Fund | USD 21.60 0.33 1.55% |
| Symbol | Ivy |
Ivy Small '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 Small'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 Small.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ivy Small on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ivy Small Cap or generate 0.0% return on investment in Ivy Small over 30 days. Ivy Small is related to or competes with Ivy Large, Ivy Small, Ivy High, Ivy Apollo, Ivy Apollo, Ivy Apollo, and Ivy Small. The fund invests primarily in various types of equity securities of small- and mid-capitalization companies that the man... More
Ivy Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9857 | |||
| Information Ratio | 0.0456 | |||
| Maximum Drawdown | 5.67 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.87 |
Ivy Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ivy Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ivy Small's standard deviation. In reality, there are many statistical measures that can use Ivy Small historical prices to predict the future Ivy Small's volatility.| Risk Adjusted Performance | 0.1326 | |||
| Jensen Alpha | 0.0225 | |||
| Total Risk Alpha | 0.0025 | |||
| Sortino Ratio | 0.0489 | |||
| Treynor Ratio | 0.1393 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ivy Small'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 Small Cap Backtested Returns
Ivy Small appears to be very steady, given 3 months investment horizon. Ivy Small Cap holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ivy Small Cap, which you can use to evaluate the volatility of the entity. Please utilize Ivy Small's Market Risk Adjusted Performance of 0.1493, downside deviation of 0.9857, and Risk Adjusted Performance of 0.1326 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 1.21, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ivy Small will likely underperform.
Auto-correlation | 0.57 |
Modest predictability
Ivy Small Cap has modest predictability. Overlapping area represents the amount of predictability between Ivy Small time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Small Cap price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Ivy Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Ivy Small Cap lagged returns against current returns
Autocorrelation, which is Ivy Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Ivy Small returns to help us make a trade decision. For example, suppose you find that Ivy Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ivy Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ivy Small Lagged Returns
When evaluating Ivy Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ivy Small mutual fund have on its future price. Ivy Small 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 Small autocorrelation shows the relationship between Ivy Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ivy Small Cap.
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 Small 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 Small security.
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