Delaware Emerging Correlations

Mutual Funds . USA . 
Fund . Delaware Emerging Markets
DEMIX Fund  USD 26.37  0.11  0.42%   
The current 90-days correlation between Delaware Emerging Markets and Wabmsx is 0.49 (i.e., Very 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

Weak diversification

The correlation between Delaware Emerging Markets and DJI is 0.39 (i.e., Weak 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 gross domestic product.

Moving together with Delaware Mutual Fund

  0.95OASGX Optimum Small MidPairCorr
  0.92OASVX Optimum Small MidPairCorr
  0.76OCFIX Optimum Fixed IncomePairCorr
  0.95WASAX Ivy Asset StrategyPairCorr
  0.91WSGAX Ivy Small CapPairCorr
  0.91OCIEX Optimum InternationalPairCorr
  0.94OCLVX Optimum Large CapPairCorr
  0.93OCLGX Optimum Large CapPairCorr
  0.94OCSGX Optimum Small MidPairCorr
  0.91OCSVX Optimum Small MidPairCorr
  0.96WSTAX Ivy Science AndPairCorr
  0.89DMO Western Asset MortgagePairCorr
  0.95WCEAX Ivy E EquityPairCorr
  0.91DLTZX Delaware Limited TermPairCorr
  0.9DLTRX Delaware Limited TermPairCorr
  0.96IPOAX Ivy Emerging MarketsPairCorr
  0.68IRSAX Ivy Advantus RealPairCorr
  0.8OIFIX Optimum Fixed IncomePairCorr
  0.92OIIEX Optimum InternationalPairCorr
  0.93OILGX Optimum Large CapPairCorr
  0.95OILVX Optimum Large CapPairCorr
  0.81DPCFX Delaware DiversifiedPairCorr
  0.84DPDFX Delaware DiversifiedPairCorr
  0.84DPFFX Delaware DiversifiedPairCorr

Moving against Delaware Mutual Fund

  0.32FTNYX Delaware Tax FreePairCorr
  0.47VAZIX Delaware Tax FreePairCorr

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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