Ivy Core Backtesting

WCEYX -- USA Fund  

USD 15.86  0.43  2.79%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Ivy Core Equity Fund Class Y and determine expected loss or profit from investing in Ivy Core over given investment horizon. See also Ivy Core Hype Analysis, Ivy Core Correlation, Portfolio Optimization, Ivy Core Volatility as well as analyze Ivy Core Alpha and Beta and Ivy Core Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Ivy Core 'What if' Analysis

June 25, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
August 24, 2019
0.00
If you would invest  0.00  in Ivy Core on June 25, 2019 and sell it all today you would earn a total of 0.00 from holding Ivy Core Equity Fund Class Y or generate 0.0% return on investment in Ivy Core over 60 days. Ivy Core is related to or competes with Growth Fund, Growth Fund, Vanguard Index, AMCAP Fund, AMCAP Fund, AMCAP Fund, and AMCAP Fund. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80 percent of its net assets ...

Ivy Core Upside/Downside Indicators

Downside Deviation2.09
Information Ratio0.0598
Maximum Drawdown8.16
Value At Risk(2.34)
Potential Upside1.93

Ivy Core Market Premium Indicators

Risk Adjusted Performance0.0108
Jensen Alpha0.1517
Total Risk Alpha0.1754
Sortino Ratio0.0487
Treynor Ratio9.0E-4

Ivy Core Equity Backtested Returns

We consider Ivy Core somewhat reliable. Ivy Core Equity holds Efficiency (Sharpe) Ratio of 0.0067 which attests that the entity had 0.0067% of return per unit of risk over the last 2 months. Our philosophy towards determining volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Ivy Core Equity which you can use to evaluate future volatility of the entity. Please check out Ivy Core Downside Deviation of 2.09, Risk Adjusted Performance of 0.0108 and Market Risk Adjusted Performance of 0.0109 to validate if risk estimate we provide are consistent with the epected return of 0.0113%. The fund retains Market Volatility (i.e. Beta) of 1.495 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. Although it is extremely important to respect Ivy Core Equity current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Ivy Core Equity technical indicators you can presently evaluate if the expected return of 0.0113% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.59) 
correlation synergy

Good reverse predictability

Ivy Core Equity Fund Class Y has good reverse predictability. Overlapping area represents the amount of predictability between Ivy Core time series from June 25, 2019 to July 25, 2019 and July 25, 2019 to August 24, 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 Y 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.
Correlation Coefficient-0.59
Spearman Rank Test-0.27
Residual Average0.0
Price Variance0.11

Ivy Core Equity lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Ivy Core regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Ivy Core Lagged Returns

 Regressed Prices 
      Timeline 

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See also Ivy Core Hype Analysis, Ivy Core Correlation, Portfolio Optimization, Ivy Core Volatility as well as analyze Ivy Core Alpha and Beta and Ivy Core Performance. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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