Macroaxis considers Ivy Core to be somewhat reliable. Ivy Core Equity
holds Efficiency (Sharpe) Ratio of -0.0273 which attests that the entity had -0.0273% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Ivy Core Equity exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Ivy Core Risk Adjusted Performance
of 0.0105, Downside Deviation
of 2.08 and Market Risk Adjusted Performance
of 0.0106 to validate risk estimate we provide. The fund retains Market Volatility (i.e. Beta) of 1.4896 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Ivy Core will likely underperform. Even though it is essential to pay attention to Ivy Core Equity
current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. Ivy Core Equity exposes twenty-one different technical indicators which can help you to evaluate its performance.
Good reverse predictability
Ivy Core Equity Fund Class A has good reverse predictability. Overlapping area represents the amount of predictability between Ivy Core time series from June 26, 2019 to July 26, 2019 and July 26, 2019 to August 25, 2019. 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 Core Equity price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Ivy Core price fluctuation can be explain by its past prices. Given that Ivy Core Equity Fund Class A has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Ivy Core for similar time interval.