Delaware Emerging Correlations

Mutual Funds . USA . 
Fund . Delaware Emerging Markets
DEDCX Fund  USD 7.77  0.01  0.13%   
The current 90-days correlation between Delaware Emerging Markets and Qs Large Cap is 0.35 (i.e., Weak diversification). The correlation of Delaware Emerging 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 Emerging Correlation With Market

Modest diversification

The correlation between Delaware Emerging Markets and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Emerging Markets 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 Emerging Markets. 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

  0.93OASGX Optimum Small MidPairCorr
  0.9OASVX Optimum Small MidPairCorr
  0.93WASAX Ivy Asset StrategyPairCorr
  0.93OCLVX Optimum Large CapPairCorr
  0.91OCLGX Optimum Large CapPairCorr
  0.92OCSGX Optimum Small MidPairCorr
  0.9OCSVX Optimum Small MidPairCorr
  0.94WSTAX Ivy Science AndPairCorr
  0.93DMO Western Asset MortgagePairCorr
  0.94DLTZX Delaware Limited TermPairCorr
  0.94DLTRX Delaware Limited TermPairCorr
  0.69IRSAX Ivy Advantus RealPairCorr
  0.86OIFIX Optimum Fixed IncomePairCorr
  0.9OIIEX Optimum InternationalPairCorr
  0.91OILGX Optimum Large CapPairCorr
  0.93OILVX Optimum Large CapPairCorr
  0.89DPDFX Delaware DiversifiedPairCorr
  0.93OISGX Optimum Small MidPairCorr
  0.9OISVX Optimum Small MidPairCorr
  0.96WHIAX Ivy High IncomePairCorr
  0.94DPRRX Delaware ReitPairCorr
  0.88DPRFX Delaware DiversifiedPairCorr
  0.94DPREX Delaware ReitPairCorr
  0.89FICGX First Investors SelectPairCorr
  0.9FIUSX First Investors OppoPairCorr
  0.9FIZRX Delaware OpportunityPairCorr
  0.93IWGAX Ivy Wilshire GlobalPairCorr
  0.94IEYAX Ivy Energy FundPairCorr
  0.94DTINX Delaware Limited TermPairCorr
  0.91WLGAX Ivy Large CapPairCorr
  0.91DCCIX Delaware Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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