Delaware Emerging Correlations

Mutual Funds . USA . 
Fund . Delaware Emerging Markets
DEMZX Fund  USD 26.81  0.13  0.49%   
The current 90-days correlation between Delaware Emerging Markets and T Rowe Price is -0.32 (i.e., Very good 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

Poor diversification

The correlation between Delaware Emerging Markets and DJI is 0.67 (i.e., Poor 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 nation.

Moving together with Delaware Mutual Fund

  0.94OASGX Optimum Small MidPairCorr
  0.92OASVX Optimum Small MidPairCorr
  0.79OCFIX Optimum Fixed IncomePairCorr
  0.95WASAX Ivy Asset StrategyPairCorr
  0.91WSGAX Ivy Small CapPairCorr
  0.91OCIEX Optimum InternationalPairCorr
  0.93OCLVX Optimum Large CapPairCorr
  0.92OCLGX Optimum Large CapPairCorr
  0.95OCSGX Optimum Small MidPairCorr
  0.9OCSVX Optimum Small MidPairCorr
  0.95WSTAX Ivy Science AndPairCorr
  0.9DMO Western Asset MortgagePairCorr
  0.94WCEAX Ivy E EquityPairCorr
  0.9DLTZX Delaware Limited TermPairCorr
  0.91DLTRX Delaware Limited TermPairCorr
  0.95IPOAX Ivy Emerging MarketsPairCorr
  0.73IRSAX Ivy Advantus RealPairCorr
  0.8OIFIX Optimum Fixed IncomePairCorr
  0.91OIIEX Optimum InternationalPairCorr
  0.94OILGX Optimum Large CapPairCorr
  0.93OILVX Optimum Large CapPairCorr
  0.8DPCFX Delaware DiversifiedPairCorr
  0.82DPDFX Delaware DiversifiedPairCorr
  0.84DPFFX Delaware DiversifiedPairCorr

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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