IMAAX Mutual Fund Quote

IMAAX
 Fund
  

USD 9.89  0.07  0.71%   

Market Performance
6 of 100
Odds Of Distress
Less than 24
IVY APOLLO is trading at 9.89 as of the 3rd of December 2022; that is 0.71 percent up since the beginning of the trading day. The fund's open price was 9.82. IVY APOLLO has about a 24 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for IVY APOLLO MULTI-ASSET are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of November 2022 and ending today, the 3rd of December 2022. Click here to learn more.
CUSIP
46600B847
ISIN
US46600B8476
Fiscal _ Year _ End
September
The fund seeks to achieve its objectives by primarily investing its assets among a diversified portfolio of global equity and equity-income generating securities. Ivy Apollo is traded on NASDAQ Exchange in the United States. More on IVY APOLLO MULTI-ASSET

Moving together with IVY APOLLO

+0.78MMM3M Company TrendingPairCorr
+0.71WMTWalmart TrendingPairCorr
+0.69JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr

IVY APOLLO 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 APOLLO's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IVY APOLLO or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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 APOLLO's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
Startdate15th of November 2021
IVY APOLLO MULTI-ASSET [IMAAX] is traded in USA and was established 3rd of December 2022. The fund is listed under World Allocation category and is part of Delaware Funds by Macquarie family. IVY APOLLO MULTI-ASSET currently has accumulated 220.66 M in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was 0.64%.
Check IVY APOLLO Probability Of Bankruptcy

Instrument Allocation

IVY APOLLO Target Price Odds Analysis

Based on a normal probability distribution, the odds of IVY APOLLO jumping above the current price in 90 days from now is roughly 2.28%. The IVY APOLLO MULTI-ASSET probability density function shows the probability of IVY APOLLO mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon IVY APOLLO has a beta of 0.0353. This usually indicates as returns on the market go up, IVY APOLLO average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding IVY APOLLO MULTI-ASSET will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0376, implying that it can generate a 0.0376 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 9.89HorizonTargetOdds Above 9.89
97.67%90 days
 9.89 
2.28%
Based on a normal probability distribution, the odds of IVY APOLLO to move above the current price in 90 days from now is roughly 2.28 (This IVY APOLLO MULTI-ASSET probability density function shows the probability of IMAAX Mutual Fund to fall within a particular range of prices over 90 days) .

IVY APOLLO MULTI-ASSET Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. IVY APOLLO market risk premium is the additional return an investor will receive from holding IVY APOLLO 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 APOLLO. 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 APOLLO's alpha and beta are two of the key measurements used to evaluate IVY APOLLO's performance over the market, the standard measures of volatility play an important role as well.

IVY APOLLO Against Markets

Picking the right benchmark for IVY APOLLO 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 APOLLO 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 APOLLO is critical whether you are bullish or bearish towards IVY APOLLO MULTI-ASSET 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 APOLLO 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 APOLLO MULTI-ASSET?

The danger of trading IVY APOLLO MULTI-ASSET 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 APOLLO 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 APOLLO. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile IVY APOLLO MULTI-ASSET 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 APOLLO MULTI-ASSET information on this page should be used as a complementary analysis to other IVY APOLLO'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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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Please note, there is a significant difference between IVY APOLLO's value and its price as these two are different measures arrived at by different means. Investors typically determine IVY APOLLO value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IVY APOLLO'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.