Ivy Science Correlations

WSTYX Fund

USD 72.31 0.59 0.82%

The current 90-days correlation between Ivy Science And and Yuanbao American Depositary is 0.05 (i.e., Significant diversification). 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.

Ivy Science Correlation With Market

Poor diversification

The correlation between Ivy Science And and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Science And and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ivy Science And. 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 manufacturing.

Moving together with Ivy Mutual Fund

0.68	VVPR	VivoPower International	Pair Corr
0.94	DBD	Diebold Nixdorf,	Pair Corr
0.79	GENVR	Gen Digital Contingent	Pair Corr
0.78	BULLW	Webull Warrants Trending	Pair Corr
0.73	MIND	Mind Technology	Pair Corr
0.92	HPE-PC	Hewlett Packard Ente	Pair Corr
0.64	DAICW	CID HoldCo, Warrants	Pair Corr
0.9	CORZZ	Core Scientific, Tranche	Pair Corr
0.71	RZLVW	Rezolve AI Limited	Pair Corr
0.84	SATX	SatixFy Communications	Pair Corr
0.9	STRF	MicroStrategy Incorporated Earnings Call This Week	Pair Corr
0.99	ILGRX	Ivy Large Cap	Pair Corr
0.96	WRGCX	Ivy Small Cap	Pair Corr
0.95	WRHIX	Ivy High Income	Pair Corr

Moving against Ivy Mutual Fund

0.87	VSTE	Vast Renewables	Pair Corr
0.83	HPAIW	Helport AI Limited	Pair Corr
0.8	VISL	Vislink Technologies Tech Boost	Pair Corr
0.64	APCXW	AppTech Payments Corp	Pair Corr
0.54	EXOD	Exodus Movement,	Pair Corr
0.42	DVLT	Datavault AI Symbol Change	Pair Corr
0.31	BULLZ	Webull Incentive	Pair Corr
0.9	SMTK	SmartKem, Common Stock	Pair Corr
0.85	NOVA	Sunnova Energy Inter	Pair Corr
0.71	APCX	Apptech Corp	Pair Corr
0.51	ODYS	Odysightai Common Stock	Pair Corr
0.43	AXIL	AXIL Brands, Trending	Pair Corr
0.35	SLNHP	Soluna Holdings Preferred	Pair Corr

Related Correlations Analysis

	YB	VBIX	DVLT	VVPR	EXOD	ILGRX	WRGCX	WRHIX	IMACX	IMAIX
YB		-0.32	-0.54	-0.06	-0.09	0.14	0.05	0.36	-0.38	-0.38	YB
VBIX	-0.32		0.43	0.28	0.2	-0.18	-0.17	-0.26	0.05	0.06	VBIX
DVLT	-0.54	0.43		-0.04	0.05	-0.36	-0.29	-0.54	0.0	0.01	DVLT
VVPR	-0.06	0.28	-0.04		-0.39	0.72	0.72	0.6	0.52	0.52	VVPR
EXOD	-0.09	0.2	0.05	-0.39		-0.53	-0.57	-0.42	-0.18	-0.18	EXOD
ILGRX	0.14	-0.18	-0.36	0.72	-0.53		0.97	0.94	0.69	0.68	ILGRX
WRGCX	0.05	-0.17	-0.29	0.72	-0.57	0.97		0.88	0.71	0.71	WRGCX
WRHIX	0.36	-0.26	-0.54	0.6	-0.42	0.94	0.88		0.54	0.54	WRHIX
IMACX	-0.38	0.05	0.0	0.52	-0.18	0.69	0.71	0.54		1.0	IMACX
IMAIX	-0.38	0.06	0.01	0.52	-0.18	0.68	0.71	0.54	1.0		IMAIX
	YB	VBIX	DVLT	VVPR	EXOD	ILGRX	WRGCX	WRHIX	IMACX	IMAIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IMAIX	+ 1.0	IMACX
WRGCX	+ 0.97	ILGRX
WRHIX	+ 0.94	ILGRX
WRHIX	+ 0.88	WRGCX
ILGRX	+ 0.72	VVPR
WRGCX	+ 0.72	VVPR

High negative correlations

WRGCX	- 0.57	EXOD
WRHIX	- 0.54	DVLT
DVLT	- 0.54	YB
ILGRX	- 0.53	EXOD
WRHIX	- 0.42	EXOD
EXOD	- 0.39	VVPR

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
YB	3.76	0.96	0.23	2.61	3.09	(4.80)	14.01	(6.02)	27.13
VBIX	7.32	0.72	0.06	1.27	10.44	(8.14)	14.34	(14.03)	88.20
DVLT	5.33	(0.10)	(0.01)	0.09	5.85	(6.89)	13.92	(9.89)	33.36
VVPR	7.92	2.07	0.20	(6.92)	8.30	(9.88)	22.54	(11.48)	62.08
EXOD	6.60	0.16	0.00	0.82	8.63	(6.61)	16.85	(11.78)	43.33
ILGRX	0.67	0.08	0.08	0.26	0.52	(0.78)	1.92	(1.30)	4.54
WRGCX	0.89	0.23	0.03	(1.58)	0.85	(1.00)	2.32	(1.54)	4.93
WRHIX	0.21	0.06	(0.36)	0.53	0.00	(0.33)	0.68	(0.18)	1.19
IMACX	0.03	0.00	0.00	(0.02)	0.00	0.00	0.11	0.00	0.45
IMAIX	0.04	0.00	0.00	(0.01)	0.00	0.00	0.11	0.00	0.56

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