Ivy E Equity Fund Market Value
| WTRCX Fund | USD 11.87 0.06 0.50% |
| Symbol | Ivy |
Ivy Core '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 Core'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 Core.
| 02/26/2024 |
| 04/26/2024 |
If you would invest 0.00 in Ivy Core on February 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ivy E Equity or generate 0.0% return on investment in Ivy Core over 60 days. Ivy Core is related to or competes with Siit High, Ppm High, Msift High, Alpine High, Tax-exempt High, Pimco High, and Mesirow Financial. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80 percent of its net assets ... More
Ivy Core 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 Core'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 E Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8944 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.24 |
Ivy Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ivy Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ivy Core's standard deviation. In reality, there are many statistical measures that can use Ivy Core historical prices to predict the future Ivy Core's volatility.| Risk Adjusted Performance | 0.0529 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.059 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ivy Core'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 E Equity Backtested Returns
We consider Ivy Core very steady. Ivy E Equity holds Efficiency (Sharpe) Ratio of 0.0811, which attests that the entity had a 0.0811% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ivy E Equity, which you can use to evaluate the volatility of the entity. Please check out Ivy Core's Market Risk Adjusted Performance of 0.069, downside deviation of 0.8944, and Risk Adjusted Performance of 0.0529 to validate if the risk estimate we provide is consistent with the expected return of 0.066%. The fund retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Ivy Core returns are very sensitive to returns on the market. As the market goes up or down, Ivy Core is expected to follow.
Auto-correlation | -0.66 |
Very good reverse predictability
Ivy E Equity has very good reverse predictability. Overlapping area represents the amount of predictability between Ivy Core time series from 26th of February 2024 to 27th of March 2024 and 27th of March 2024 to 26th of April 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 E Equity price movement. The serial correlation of -0.66 indicates that around 66.0% of current Ivy Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Ivy E Equity lagged returns against current returns
Autocorrelation, which is Ivy Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Ivy Core returns to help us make a trade decision. For example, suppose you find that Ivy Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ivy Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ivy Core Lagged Returns
When evaluating Ivy Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ivy Core mutual fund have on its future price. Ivy Core 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 Core autocorrelation shows the relationship between Ivy Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ivy E Equity.
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.Check out Ivy Core Correlation, Ivy Core Volatility and Ivy Core Alpha and Beta module to complement your research on Ivy Core. Note that the Ivy E Equity information on this page should be used as a complementary analysis to other Ivy Core'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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Ivy Core 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.