Ivy Natural Resources Fund Market Value

IGNYX Fund  USD 16.51  0.32  1.98%   
Ivy Natural's market value is the price at which a share of Ivy Natural trades on a public exchange. It measures the collective expectations of Ivy Natural Resources investors about its performance. Ivy Natural is trading at 16.51 as of the 28th of March 2024; that is 1.98% increase since the beginning of the trading day. The fund's open price was 16.19.
With this module, you can estimate the performance of a buy and hold strategy of Ivy Natural Resources and determine expected loss or profit from investing in Ivy Natural over a given investment horizon. Check out Ivy Natural Correlation, Ivy Natural Volatility and Ivy Natural Alpha and Beta module to complement your research on Ivy Natural.
Symbol

Please note, there is a significant difference between Ivy Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ivy Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ivy Natural'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 Natural '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 Natural'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 Natural.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Ivy Natural on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ivy Natural Resources or generate 0.0% return on investment in Ivy Natural over 30 days. Ivy Natural is related to or competes with T Rowe, Gmo Trust, Global Hard, Materials Portfolio, and Materials Portfolio. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80 percent of its net assets ... More

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

Ivy Natural Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ivy Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ivy Natural's standard deviation. In reality, there are many statistical measures that can use Ivy Natural historical prices to predict the future Ivy Natural'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 Natural'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
15.3916.5117.63
Details
Intrinsic
Valuation
LowRealHigh
13.8815.0018.16
Details
Naive
Forecast
LowNextHigh
15.2216.3417.46
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.0216.3116.60
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ivy Natural. Your research has to be compared to or analyzed against Ivy Natural's peers to derive any actionable benefits. When done correctly, Ivy Natural'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 Natural Resources.

Ivy Natural Resources Backtested Returns

We consider Ivy Natural very steady. Ivy Natural Resources holds Efficiency (Sharpe) Ratio of 0.0296, which attests that the entity had a 0.0296% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ivy Natural Resources, which you can use to evaluate the volatility of the entity. Please check out Ivy Natural's Risk Adjusted Performance of 0.0175, downside deviation of 1.15, and Market Risk Adjusted Performance of (0.06) to validate if the risk estimate we provide is consistent with the expected return of 0.0332%. The fund retains a Market Volatility (i.e., Beta) of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ivy Natural are expected to decrease at a much lower rate. During the bear market, Ivy Natural is likely to outperform the market.

Auto-correlation

    
  0.72  

Good predictability

Ivy Natural Resources has good predictability. Overlapping area represents the amount of predictability between Ivy Natural 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 Natural Resources price movement. The serial correlation of 0.72 indicates that around 72.0% of current Ivy Natural price fluctuation can be explain by its past prices.
Correlation Coefficient0.72
Spearman Rank Test0.75
Residual Average0.0
Price Variance0.03

Ivy Natural Resources lagged returns against current returns

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

Ivy Natural Lagged Returns

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ivy Natural in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ivy Natural's short interest history, or implied volatility extrapolated from Ivy Natural options trading.

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Check out Ivy Natural Correlation, Ivy Natural Volatility and Ivy Natural Alpha and Beta module to complement your research on Ivy Natural.
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Complementary Tools for Ivy Mutual Fund analysis

When running Ivy Natural's price analysis, check to measure Ivy Natural'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 Natural is operating at the current time. Most of Ivy Natural's value examination focuses on studying past and present price action to predict the probability of Ivy Natural'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 Natural's price. Additionally, you may evaluate how the addition of Ivy Natural to your portfolios can decrease your overall portfolio volatility.
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Ivy Natural 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 Natural technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ivy Natural 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...