Correlation Between Ivy Cundill and Ivy Funds

Can any of the company-specific risk be diversified away by investing in both Ivy Cundill and Ivy Funds at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Ivy Cundill and Ivy Funds into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Ivy Cundill Global and Ivy Funds , you can compare the effects of market volatilities on Ivy Cundill and Ivy Funds and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Ivy Cundill with a short position of Ivy Funds. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ivy Cundill and Ivy Funds.

Diversification Opportunities for Ivy Cundill and Ivy Funds

0.0

Correlation Coefficient

Ivy Cundill  Ivy Funds

Pay attention - limited upside

The 3 months correlation between Ivy and Ivy is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Cundill Global and Ivy Funds in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ivy Funds and Ivy Cundill is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Ivy Cundill Global are associated (or correlated) with Ivy Funds. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ivy Funds has no effect on the direction of Ivy Cundill i.e., Ivy Cundill and Ivy Funds go up and down completely randomly.

Pair Corralation between Ivy Cundill and Ivy Funds

If you would invest  0.00  in Ivy Funds on May 6, 2025 and sell it today you would earn a total of  0.00  from holding Ivy Funds or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Ivy Cundill Global  vs.  Ivy Funds

Ivy Cundill Global

Risk-Adjusted Performance

Very Weak

Over the last 90 days Ivy Cundill Global has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong fundamental drivers, Ivy Cundill is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Ivy Funds

Risk-Adjusted Performance

Very Weak

Over the last 90 days Ivy Funds has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Ivy Funds is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Ivy Cundill and Ivy Funds

The main advantage of trading using opposite Ivy Cundill and Ivy Funds positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ivy Cundill position performs unexpectedly, Ivy Funds can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ivy Funds will offset losses from the drop in Ivy Funds' long position.

The idea behind Ivy Cundill Global and Ivy Funds pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.