Delaware Value Correlations

Mutual Funds USA . 
Fund . Delaware Value Fund
DDVAX Fund  USD 14.01  0.02  0.14%   
The current 90-days correlation between Delaware Value and Delaware Small Cap is 0.89 (i.e., Very poor diversification). The correlation of Delaware Value 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.

Delaware Value Correlation With Market

Good diversification

The correlation between Delaware Value Fund and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Value Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delaware Value 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 Delaware Mutual Fund

  0.99OASVX Optimum Small MidPairCorr
  0.68IMAAX Ivy Apollo MultiPairCorr
  0.98WASAX Ivy Asset StrategyPairCorr
  0.97OCLVX Optimum Large CapPairCorr
  0.98OCLGX Optimum Large CapPairCorr
  0.99OCSVX Optimum Small MidPairCorr
  0.86DMO Western Asset MortgagePairCorr
  0.79DLTZX Delaware Limited TermPairCorr
  0.78DLTRX Delaware Limited TermPairCorr
  0.96OISVX Optimum Small MidPairCorr
  0.96WHIAX Ivy High IncomePairCorr
  0.93DPREX Delaware ReitPairCorr
  0.97IEYAX Ivy Energy FundPairCorr
  0.89DULTX Delaware InvestmentsPairCorr
  0.92IGNAX Ivy Natural ResourcesPairCorr
  1.0DDVIX Delaware ValuePairCorr
  0.97DDVRX Delaware ValuePairCorr
  0.89DEDCX Delaware Emerging MarketsPairCorr
  0.91DEMCX Delaware Emerging MarketsPairCorr
  0.96VVIAX Vanguard Value IndexPairCorr
  0.97DOXGX Dodge Cox StockPairCorr
  0.96AFMFX American MutualPairCorr
  0.96FFMMX American Funds AmericanPairCorr
  0.96FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.97DODGX Dodge Stock FundPairCorr
  0.96VIVAX Vanguard Value IndexPairCorr
  0.97DXQLX Direxion Monthly NasdaqPairCorr
  0.98RYVLX Nasdaq 100 2xPairCorr
  0.98RYVYX Nasdaq 100 2xPairCorr
  0.97UOPIX Ultra Nasdaq 100PairCorr
  0.97RYCCX Nasdaq 100 2xPairCorr
  0.97UOPSX Ultranasdaq 100 ProfundPairCorr
  0.96INPIX Internet UltrasectorPairCorr

Related Correlations Analysis

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