ICKAX Mutual Fund Quote

ICKAX
 Fund
  

USD 8.15  0.07  0.87%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Ivy Crossover is trading at 8.15 as of the 1st of October 2022; that is 0.87 percent up since the beginning of the trading day. The fund's open price was 8.08. Ivy Crossover has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Ivy Crossover Credit are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of November 2020 and ending today, the 1st of October 2022. Click here to learn more.
The investment seeks to provide total return through a combination of high current income and capital appreciation. Ivy Crossover is traded on NASDAQ Exchange in the United States. More on Ivy Crossover Credit

Moving together with Ivy Crossover

+0.89HPQHp Inc Fiscal Year End 22nd of November 2022 PairCorr
+0.81MCDMcDonalds Corp TrendingPairCorr
+0.84PGProcter Gamble TrendingPairCorr

Ivy Crossover Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ivy Crossover's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ivy Crossover or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ivy Crossover Credit generated a negative expected return over the last 90 days
Ivy Crossover Credit is unlikely to experience financial distress in the next 2 years
On 15th of September 2022 Ivy Crossover paid $ 0.022 per share dividend to its current shareholders
The fund retains about 10.61% of its assets under management (AUM) in fixed income securities
Thematic IdeaCorporate Bonds (view all)
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Ivy Crossover's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
Startdate15th of November 2021
Ivy Crossover Credit [ICKAX] is traded in USA and was established 1st of October 2022. The fund is listed under Corporate Bond category and is part of Delaware Funds by Macquarie family. The entity is thematically classified as Corporate Bonds. Ivy Crossover Credit currently has accumulated 31.17 M in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was 5.12%.
Check Ivy Crossover Probability Of Bankruptcy

Instrument Allocation

Ivy Crossover Target Price Odds Analysis

Based on a normal probability distribution, the odds of Ivy Crossover jumping above the current price in 90 days from now is about 99.0%. The Ivy Crossover Credit probability density function shows the probability of Ivy Crossover mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Ivy Crossover Credit has a beta of -0.0521. This usually indicates as returns on benchmark increase, returns on holding Ivy Crossover are expected to decrease at a much lower rate. During the bear market, however, Ivy Crossover Credit is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ivy Crossover Credit is significantly underperforming DOW.
  Odds Below 8.15HorizonTargetOdds Above 8.15
1.39%90 days
 8.15 
98.58%
Based on a normal probability distribution, the odds of Ivy Crossover to move above the current price in 90 days from now is about 99.0 (This Ivy Crossover Credit probability density function shows the probability of ICKAX Mutual Fund to fall within a particular range of prices over 90 days) .

Ivy Crossover Credit Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ivy Crossover market risk premium is the additional return an investor will receive from holding Ivy Crossover long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ivy Crossover. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ivy Crossover's alpha and beta are two of the key measurements used to evaluate Ivy Crossover's performance over the market, the standard measures of volatility play an important role as well.

Ivy Crossover Against Markets

Picking the right benchmark for Ivy Crossover mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ivy Crossover mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ivy Crossover is critical whether you are bullish or bearish towards Ivy Crossover Credit at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ivy Crossover without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Ivy Crossover Credit?

The danger of trading Ivy Crossover Credit is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ivy Crossover is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ivy Crossover. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ivy Crossover Credit is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Risk vs Return Analysis. Note that the Ivy Crossover Credit information on this page should be used as a complementary analysis to other Ivy Crossover'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Ivy Crossover Credit price analysis, check to measure Ivy Crossover's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ivy Crossover is operating at the current time. Most of Ivy Crossover's value examination focuses on studying past and present price action to predict the probability of Ivy Crossover's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ivy Crossover's price. Additionally, you may evaluate how the addition of Ivy Crossover to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ivy Crossover's value and its price as these two are different measures arrived at by different means. Investors typically determine Ivy Crossover value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ivy Crossover's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.