Ivy Global Growth Fund Market Value
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 Growth investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Ivy Global Growth and determine expected loss or profit from investing in Ivy Global over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
| Symbol | Ivy |
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.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Ivy Global on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding Ivy Global Growth or generate 0.0% return on investment in Ivy Global over 720 days. Ivy Global is related to or competes with 1919 Financial, Vanguard Financials, Financials Ultrasector, Gabelli Global, and Prudential Jennison. The fund seeks to achieve its objective by investing primarily in common stocks of U.S 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 Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8102 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 4.88 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.26 |
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.| Risk Adjusted Performance | 0.0748 | |||
| Jensen Alpha | 0.0687 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.5267 |
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.
Ivy Global Growth Backtested Returns
We consider Ivy Global very steady. Ivy Global Growth holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ivy Global Growth, which you can use to evaluate the volatility of the entity. Please check out Ivy Global's Downside Deviation of 0.8102, market risk adjusted performance of 0.5367, and Risk Adjusted Performance of 0.0748 to validate if the risk estimate we provide is consistent with the expected return of 0.092%. The fund retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Ivy Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ivy Global is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
Ivy Global Growth has average predictability. Overlapping area represents the amount of predictability between Ivy Global time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th 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 Global Growth price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Ivy Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 5.65 |
Ivy Global Growth 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 Growth.
Regressed Prices |
| Timeline |
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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.