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.
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.