Delaware Value Correlations

Mutual Funds . USA . 
Fund . Delaware Value
DDZRX Fund  USD 14.01  0.02  0.14%   
The current 90-days correlation between Delaware Value and Franklin Adjustable Government is 0.08 (i.e., Significant 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 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 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. 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 metropolitan statistical area.

Moving together with Delaware Mutual Fund

  0.96OASVX Optimum Small MidPairCorr
  0.65IMAAX Ivy Apollo MultiPairCorr
  0.96WASAX Ivy Asset StrategyPairCorr
  0.99OCLVX Optimum Large CapPairCorr
  0.96OCLGX Optimum Large CapPairCorr
  0.99OCSVX Optimum Small MidPairCorr
  0.9DMO Western Asset MortgagePairCorr
  0.81DLTZX Delaware Limited TermPairCorr
  0.82DLTRX Delaware Limited TermPairCorr
  0.99OISVX Optimum Small MidPairCorr
  0.96WHIAX Ivy High IncomePairCorr
  0.92DPREX Delaware ReitPairCorr
  0.97IEYAX Ivy Energy FundPairCorr
  0.89DULTX Delaware InvestmentsPairCorr
  0.91IGNAX Ivy Natural ResourcesPairCorr
  1.0DDVIX Delaware ValuePairCorr
  1.0DDVRX Delaware ValuePairCorr
  0.9DEDCX Delaware Emerging MarketsPairCorr
  0.92DEMCX Delaware Emerging MarketsPairCorr
  0.98VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.95AMRMX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.95AMFCX American MutualPairCorr
  0.96DODGX Dodge Stock FundPairCorr
  0.98VIVAX Vanguard Value IndexPairCorr
  0.98DXQLX Direxion Monthly NasdaqPairCorr
  0.96RYVLX Nasdaq 100 2xPairCorr
  0.98RYVYX Nasdaq 100 2xPairCorr
  0.98UOPIX Ultra Nasdaq 100PairCorr
  0.98RYCCX Nasdaq 100 2xPairCorr
  0.98UOPSX Ultranasdaq 100 ProfundPairCorr
  0.97INPIX 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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