IDAAX Mutual Fund Buy Hold or Sell Recommendation

IDAAX
 Fund
  

USD 14.90  0.01  0.07%   

Assuming the 90 days horizon and your highly speculative risk level, our recommendation regarding IVY PROSHARES SP is 'Strong Buy'. Macroaxis provides IVY PROSHARES buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding IDAAX positions. The advice algorithm takes into account all of IVY PROSHARES's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from IVY PROSHARES's buy-and-hold perspective. Please see IVY PROSHARES Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual funds such as IDAAX and provide practical buy, sell, or hold recommendation based on selected investing horizon and risk tolerance towards IVY PROSHARES SP.

Execute IVY PROSHARES Buy or Sell Advice

The IDAAX recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on IVY PROSHARES SP. Macroaxis does not own or have any residual interests in IVY PROSHARES SP or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute IVY PROSHARES's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell IVY PROSHARESBuy IVY PROSHARES
Strong Buy

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Not Available
Details
For the selected time horizon IVY PROSHARES SP has a Risk Adjusted Performance of 0.1252, Jensen Alpha of 0.0199, Total Risk Alpha of 0.019, Sortino Ratio of 0.0156 and Treynor Ratio of 0.1162
Our advice tool can cross-verify current analyst consensus on IVY PROSHARES and to analyze the fund potential to grow for the next few years. Please utilize IVY PROSHARES SP number of employees and minimum initial investment to make buy, hold, or sell decision on IVY PROSHARES.

IVY PROSHARES Trading Alerts and Improvement Suggestions

IVY PROSHARES SP is unlikely to experience financial distress in the next 2 years
The fund retains all of its assets under management (AUM) in equities

IVY PROSHARES Returns Distribution Density

The distribution of IVY PROSHARES's historical returns is an attempt to chart the uncertainty of IVY PROSHARES's future price movements. The chart of the probability distribution of IVY PROSHARES stock daily returns describes the distribution of returns around its average expected value. We use IVY PROSHARES SP price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of IVY PROSHARES returns is essential to provide solid investment advice for IVY PROSHARES.
Mean Return0.13Value At Risk-1.91
Potential Upside2.83Standard Deviation1.50
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of IVY PROSHARES historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

IVY PROSHARES Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to IVY PROSHARES or Delaware Funds by Macquarie sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that IVY PROSHARES's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a IDAAX fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.019911
β
Beta against NYSE Composite1.01
σ
Overall volatility
1.52
Ir
Information ratio 0.0139

IVY PROSHARES Volatility Alert

IVY PROSHARES SP has relatively low volatility with skewness of 0.36 and kurtosis of 0.31. However, we advise all investors to independently investigate IVY PROSHARES SP to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure IVY PROSHARES's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact IVY PROSHARES's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

IVY PROSHARES Fundamentals Vs Peers

Comparing IVY PROSHARES's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze IVY PROSHARES's direct or indirect competition across all of the common fundamentals between IVY PROSHARES and the related equities. This way, we can detect undervalued stocks with similar characteristics as IVY PROSHARES or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of IVY PROSHARES's fundamental indicators could also be used in its relative valuation, which is a method of valuing IVY PROSHARES by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare IVY PROSHARES to competition
FundamentalsIVY PROSHARESPeer Average
One Year Return4.81 %4.15 %
Three Year Return7.11 %3.60 %
Net Asset404.51 M4.11 B
Minimum Initial Investment750976.16 K
Last Dividend Paid0.050.65
Equity Positions Weight100.00 %63.90 %

About IVY PROSHARES Buy or Sell Advice

When is the right time to buy or sell IVY PROSHARES SP? Buying financial instruments such as IDAAX Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having IVY PROSHARES in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Diversified Assets Thematic Idea Now

Diversified Assets
Diversified Assets Theme
Pablicly traded close-end funds and other entities backed by different types of diversified investments. The Diversified Assets theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Diversified Assets Theme or any other thematic opportunities.
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Please see IVY PROSHARES Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the IVY PROSHARES SP information on this page should be used as a complementary analysis to other IVY PROSHARES'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running IVY PROSHARES SP price analysis, check to measure IVY PROSHARES'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 PROSHARES is operating at the current time. Most of IVY PROSHARES's value examination focuses on studying past and present price action to predict the probability of IVY PROSHARES's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move IVY PROSHARES's price. Additionally, you may evaluate how the addition of IVY PROSHARES to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between IVY PROSHARES's value and its price as these two are different measures arrived at by different means. Investors typically determine IVY PROSHARES value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IVY PROSHARES'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.