Ivy Global Equity Fund Market Value
| IYGEX Fund | USD 8.56 0.01 0.12% |
| 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.
| 04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Ivy Global on April 25, 2023 and sell it all today you would earn a total of 0.00 from holding Ivy Global Equity or generate 0.0% return on investment in Ivy Global over 360 days. Ivy Global is related to or competes with Ivy Large, Ivy Small, Ivy High, Ivy Apollo, Ivy Apollo, Ivy Apollo, and Ivy Small. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities 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 Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9061 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.56 | |||
| Value At Risk | (1.24) | |||
| 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 | 0.0526 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0573 |
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 Equity Backtested Returns
We consider Ivy Global very steady. Ivy Global Equity holds Efficiency (Sharpe) Ratio of 0.0642, which attests that the entity had a 0.0642% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ivy Global Equity, which you can use to evaluate the volatility of the entity. Please check out Ivy Global's Risk Adjusted Performance of 0.0526, market risk adjusted performance of 0.0673, and Downside Deviation of 0.9061 to validate if the risk estimate we provide is consistent with the expected return of 0.0509%. The fund retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Ivy Global returns are very sensitive to returns on the market. As the market goes up or down, Ivy Global is expected to follow.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Ivy Global Equity has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ivy Global time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 to 19th 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 Equity price movement. The serial correlation of -0.78 indicates that around 78.0% of current Ivy Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Ivy Global Equity 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 Equity.
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 Global 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 Global's short interest history, or implied volatility extrapolated from Ivy Global options trading.
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Try AI Portfolio ArchitectCheck out Ivy Global Correlation, Ivy Global Volatility and Ivy Global Alpha and Beta module to complement your research on Ivy Global. Note that the Ivy Global Equity information on this page should be used as a complementary analysis to other Ivy Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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.