Delaware Value Correlations

Mutual Funds . USA . 
Fund . Delaware Value Fund
DDVIX Fund  USD 14.01  0.03  0.21%   
The current 90-days correlation between Delaware Value and Global Gold Fund is -0.44 (i.e., Very good 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

Very poor diversification

The correlation between Delaware Value Fund and DJI is 0.86 (i.e., Very poor 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 gross domestic product.

Moving together with Delaware Mutual Fund

  0.99OASVX Optimum Small MidPairCorr
  0.98WASAX Ivy Asset StrategyPairCorr
  0.73OCLVX Optimum Large CapPairCorr
  0.71OCLGX Optimum Large CapPairCorr
  0.99OCSVX Optimum Small MidPairCorr
  0.8DLTRX Delaware Limited TermPairCorr
  0.99OISVX Optimum Small MidPairCorr
  0.65WHIAX Ivy High IncomePairCorr
  0.93DPREX Delaware ReitPairCorr
  0.67IEYAX Ivy Energy FundPairCorr
  0.64DULTX Delaware InvestmentsPairCorr
  0.7IGNAX Ivy Natural ResourcesPairCorr
  0.71DDVRX Delaware ValuePairCorr
  0.92DEMCX Delaware Emerging MarketsPairCorr
  0.71VVIAX Vanguard Value IndexPairCorr
  0.74DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.71AMRMX American MutualPairCorr
  0.7AMFFX American MutualPairCorr
  0.7AMFCX American MutualPairCorr
  0.74DODGX Dodge Stock FundPairCorr
  0.71VIVAX Vanguard Value IndexPairCorr
  0.7DXQLX Direxion Monthly NasdaqPairCorr
  0.7RYVLX Nasdaq 100 2xPairCorr
  0.7RYVYX Nasdaq 100 2xPairCorr
  0.7UOPIX Ultra Nasdaq 100PairCorr
  0.7RYCCX Nasdaq 100 2xPairCorr
  0.7UOPSX Ultranasdaq 100 ProfundPairCorr
  0.72INPIX Internet UltrasectorPairCorr

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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