Delaware Emerging Correlations

DEMRX Fund

USD 26.36 0.10 0.38%

The current 90-days correlation between Delaware Emerging Markets and Small Cap Stock is 0.02 (i.e., Significant 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 metropolitan statistical area.

Moving together with Delaware Mutual Fund

0.94	OASGX	Optimum Small Mid	Pair Corr
0.91	OASVX	Optimum Small Mid	Pair Corr
0.76	OCFIX	Optimum Fixed Income	Pair Corr
0.94	WASAX	Ivy Asset Strategy	Pair Corr
0.9	WSGAX	Ivy Small Cap	Pair Corr
0.91	OCIEX	Optimum International	Pair Corr
0.94	OCLVX	Optimum Large Cap	Pair Corr
0.93	OCLGX	Optimum Large Cap	Pair Corr
0.94	OCSGX	Optimum Small Mid	Pair Corr
0.91	OCSVX	Optimum Small Mid	Pair Corr
0.96	WSTAX	Ivy Science And	Pair Corr
0.89	DMO	Western Asset Mortgage	Pair Corr
0.95	WCEAX	Ivy E Equity	Pair Corr
0.91	DLTZX	Delaware Limited Term	Pair Corr
0.91	DLTRX	Delaware Limited Term	Pair Corr
0.94	IPOAX	Ivy Emerging Markets	Pair Corr
0.7	IRSAX	Ivy Advantus Real	Pair Corr
0.8	OIFIX	Optimum Fixed Income	Pair Corr
0.92	OIIEX	Optimum International	Pair Corr
0.93	OILGX	Optimum Large Cap	Pair Corr
0.94	OILVX	Optimum Large Cap	Pair Corr
0.81	DPCFX	Delaware Diversified	Pair Corr
0.84	DPDFX	Delaware Diversified	Pair Corr
0.84	DPFFX	Delaware Diversified	Pair Corr

Moving against Delaware Mutual Fund

0.32	FTNYX	Delaware Tax Free	Pair Corr
0.38	VAZIX	Delaware Tax Free	Pair Corr

Related Correlations Analysis

	USCAX	LIGFX	RTOUX	TRBCX	ABVCX
USCAX		0.95	1.0	0.98	0.98	USCAX
LIGFX	0.95		0.95	0.97	0.95	LIGFX
RTOUX	1.0	0.95		0.98	0.98	RTOUX
TRBCX	0.98	0.97	0.98		0.96	TRBCX
ABVCX	0.98	0.95	0.98	0.96		ABVCX
	USCAX	LIGFX	RTOUX	TRBCX	ABVCX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
USCAX	0.93	0.30	0.13	(1.52)	0.85	(1.14)	2.30	(1.96)	6.43
LIGFX	0.24	0.05	(0.12)	0.32	0.00	(0.29)	0.67	(0.42)	1.63
RTOUX	0.85	0.27	0.11	(1.17)	0.84	(1.00)	2.31	(1.79)	6.53
TRBCX	0.84	0.32	0.17	(5.78)	0.69	(0.98)	2.50	(1.34)	5.73
ABVCX	0.58	0.15	0.02	(2.76)	0.59	(0.62)	1.42	(1.22)	4.39

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