Ivy Global Equity Fund Market Value

IYGEX Fund  USD 8.93  0.02  0.22%   
Ivy Global's market value is the price at which a share of Ivy Global trades on a public exchange. It measures the collective expectations of Ivy Global Equity investors about its performance. Ivy Global is trading at 8.93 as of the 28th of March 2024; that is 0.22 percent increase since the beginning of the trading day. The fund's open price was 8.91.
With this module, you can estimate the performance of a buy and hold strategy of Ivy Global Equity and determine expected loss or profit from investing in Ivy Global over a given investment horizon. Check out Ivy Global Correlation, Ivy Global Volatility and Ivy Global Alpha and Beta module to complement your research on Ivy Global.
Symbol

Please note, there is a significant difference between Ivy Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ivy Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ivy Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ivy Global '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 Global'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 Global.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Ivy Global on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ivy Global Equity or generate 0.0% return on investment in Ivy Global over 30 days. Ivy Global is related to or competes with Ivy International, Ivy E, Ivy Cundill, Ivy Cundill, Ivy E, Ivy Large, and Ivy Cundill. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities More

Ivy Global 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 Global'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 Global Equity upside and downside potential and time the market with a certain degree of confidence.

Ivy Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ivy Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ivy Global's standard deviation. In reality, there are many statistical measures that can use Ivy Global historical prices to predict the future Ivy Global's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ivy Global'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.
Hype
Prediction
LowEstimatedHigh
8.188.929.66
Details
Intrinsic
Valuation
LowRealHigh
8.108.849.58
Details
Naive
Forecast
LowNextHigh
8.218.959.69
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.908.928.94
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ivy Global. Your research has to be compared to or analyzed against Ivy Global's peers to derive any actionable benefits. When done correctly, Ivy Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ivy Global Equity.

Ivy Global Equity Backtested Returns

We consider Ivy Global very steady. Ivy Global Equity 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-seven technical indicators for Ivy Global Equity, which you can use to evaluate the volatility of the entity. Please check out Ivy Global's Market Risk Adjusted Performance of 0.1342, downside deviation of 0.7588, and Risk Adjusted Performance of 0.1066 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The fund retains a Market Volatility (i.e., Beta) of 1.01, which attests to a somewhat significant risk relative to the market. Ivy Global returns are very sensitive to returns on the market. As the market goes up or down, Ivy Global is expected to follow.

Auto-correlation

    
  0.27  

Poor predictability

Ivy Global Equity has poor predictability. Overlapping area represents the amount of predictability between Ivy Global time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Global Equity price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Ivy Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.27
Spearman Rank Test0.13
Residual Average0.0
Price Variance0.0

Ivy Global Equity lagged returns against current returns

Autocorrelation, which is Ivy Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Ivy Global returns to help us make a trade decision. For example, suppose you find that Ivy Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ivy Global 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 Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Ivy Global Lagged Returns

When evaluating Ivy Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ivy Global mutual fund have on its future price. Ivy Global 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 Global autocorrelation shows the relationship between Ivy Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ivy Global Equity.
   Regressed Prices   
       Timeline  

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Check out Ivy Global Correlation, Ivy Global Volatility and Ivy Global Alpha and Beta module to complement your research on Ivy Global.
Note that the Ivy Global Equity information on this page should be used as a complementary analysis to other Ivy Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Ivy Mutual Fund analysis

When running Ivy Global's price analysis, check to measure Ivy Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ivy Global is operating at the current time. Most of Ivy Global's value examination focuses on studying past and present price action to predict the probability of Ivy Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ivy Global's price. Additionally, you may evaluate how the addition of Ivy Global to your portfolios can decrease your overall portfolio volatility.
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Ivy Global technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Ivy Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ivy Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...