Delaware Value Correlations

Mutual Funds . USA . 
Fund . Delaware Value Fund
DDVCX Fund  USD 14.03  0.08  0.57%   
The current 90-days correlation between Delaware Value and T Rowe Price is 0.85 (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

Almost no diversification

The correlation between Delaware Value Fund and DJI is 0.93 (i.e., Almost no 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 main economic indicators.

Moving together with Delaware Mutual Fund

  0.94OASGX Optimum Small MidPairCorr
  0.93OASVX Optimum Small MidPairCorr
  0.95WASAX Ivy Asset StrategyPairCorr
  0.94OCIEX Optimum InternationalPairCorr
  0.99OCLVX Optimum Large CapPairCorr
  0.94OCLGX Optimum Large CapPairCorr
  0.99OCSGX Optimum Small MidPairCorr
  0.93OCSVX Optimum Small MidPairCorr
  0.95WSTAX Ivy Science AndPairCorr
  0.9DMO Western Asset MortgagePairCorr
  0.98WCEAX Ivy E EquityPairCorr
  0.75DLTZX Delaware Limited TermPairCorr
  0.8DLTRX Delaware Limited TermPairCorr
  0.94IPOAX Ivy Emerging MarketsPairCorr
  0.81IRSAX Ivy Advantus RealPairCorr
  0.96OIIEX Optimum InternationalPairCorr
  0.98OILGX Optimum Large CapPairCorr
  0.93OILVX Optimum Large CapPairCorr
  0.65DPFFX Delaware DiversifiedPairCorr
  0.94OISGX Optimum Small MidPairCorr
  0.99OISVX Optimum Small MidPairCorr
  0.98FGIPX First Investors GrowthPairCorr
  0.98FGINX First Investors GrowthPairCorr
  0.93WHIAX Ivy High IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Value 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 Delaware Value'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.

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