Ivy Balanced Correlations

IBNAX Fund

USD 24.30 0.13 0.54%

The current 90-days correlation between Ivy Balanced and Barings Emerging Markets is -0.1 (i.e., Good diversification). The correlation of Ivy Balanced is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Ivy Balanced Correlation With Market

Average diversification

The correlation between Ivy Balanced Fund and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Balanced Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivy Balanced Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Ivy Mutual Fund

0.78	FBONX	American Funds American	Pair Corr
0.78	FBAFX	American Funds American	Pair Corr
0.78	ABALX	American Balanced	Pair Corr
0.77	BALCX	American Balanced	Pair Corr
0.78	BALFX	American Balanced	Pair Corr
0.77	RLBCX	American Balanced	Pair Corr
0.77	RLBBX	American Balanced	Pair Corr
0.78	CLBAX	American Balanced	Pair Corr
0.77	CLBEX	American Balanced	Pair Corr
0.78	RLBFX	American Balanced	Pair Corr
0.71	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.69	BAC	Bank of America Aggressive Push	Pair Corr
0.66	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.8	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.63	HPQ	HP Inc	Pair Corr
0.67	WMT	Walmart Aggressive Push	Pair Corr
0.77	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.74	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Ivy Mutual Fund

0.48	HLDCX	Hartford Emerging	Pair Corr
0.47	HLDIX	Hartford Emerging	Pair Corr
0.46	HLDRX	Hartford Emerging	Pair Corr
0.46	HLDTX	Hartford Emerging	Pair Corr
0.45	HLDAX	Hartford Emerging	Pair Corr
0.59	KO	Coca Cola Aggressive Push	Pair Corr
0.52	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.42	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	BXECX	EPEIX	FUOKX	LOTCX	TEDMX	APDOX	EMSLX	REMVX
BXECX		0.71	0.68	0.22	0.68	0.33	0.7	0.73	BXECX
EPEIX	0.71		0.58	-0.32	0.96	0.4	0.96	0.98	EPEIX
FUOKX	0.68	0.58		0.33	0.58	-0.18	0.63	0.68	FUOKX
LOTCX	0.22	-0.32	0.33		-0.35	-0.35	-0.24	-0.25	LOTCX
TEDMX	0.68	0.96	0.58	-0.35		0.52	0.96	0.97	TEDMX
APDOX	0.33	0.4	-0.18	-0.35	0.52		0.42	0.35	APDOX
EMSLX	0.7	0.96	0.63	-0.24	0.96	0.42		0.97	EMSLX
REMVX	0.73	0.98	0.68	-0.25	0.97	0.35	0.97		REMVX
	BXECX	EPEIX	FUOKX	LOTCX	TEDMX	APDOX	EMSLX	REMVX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

REMVX	+ 0.98	EPEIX
REMVX	+ 0.97	TEDMX
REMVX	+ 0.97	EMSLX
TEDMX	+ 0.96	EPEIX
EMSLX	+ 0.96	EPEIX
EMSLX	+ 0.96	TEDMX

High negative correlations

APDOX	- 0.35	LOTCX
TEDMX	- 0.35	LOTCX
LOTCX	- 0.32	EPEIX
REMVX	- 0.25	LOTCX
EMSLX	- 0.24	LOTCX
APDOX	- 0.18	FUOKX

Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Balanced Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ivy Balanced's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXECX	0.26	(0.01)	(0.37)	0.06	0.23	(0.37)	0.65	(0.40)	1.45
EPEIX	0.73	(0.01)	(0.11)	0.07	1.00	(0.75)	1.57	(1.61)	6.52
FUOKX	0.69	(0.13)	0.00	(0.08)	0.00	0.00	1.20	(1.67)	4.32
LOTCX	0.64	(0.12)	0.00	(0.04)	0.00	0.00	1.09	(1.30)	4.17
TEDMX	0.83	(0.05)	(0.12)	0.01	0.97	(1.03)	1.84	(2.00)	6.20
APDOX	0.15	0.01	(0.47)	0.21	0.08	(0.21)	0.39	(0.20)	1.45
EMSLX	0.75	(0.09)	0.00	(0.28)	0.00	0.00	1.76	(2.14)	6.36
REMVX	0.85	(0.07)	0.00	(0.05)	0.00	0.00	1.74	(2.04)	6.85

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