Delaware Small Correlations
| DEVLX Fund | USD 66.24 0.58 0.87% |
The current 90-days correlation between Delaware Small Cap and Locorr Strategic Allocation is -0.21 (i.e., Very good diversification). The correlation of Delaware Small 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 Small Correlation With Market
Good diversification
The correlation between Delaware Small Cap and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Small Cap and DJI in the same portfolio, assuming nothing else is changed.
Delaware |
Moving together with Delaware Mutual Fund
| 0.9 | VSIIX | Vanguard Small Cap | PairCorr |
| 0.9 | VISVX | Vanguard Small Cap | PairCorr |
| 0.9 | DFSVX | Us Small Cap | PairCorr |
| 0.9 | DFFVX | Us Targeted Value | PairCorr |
| 0.91 | UBVCX | Undiscovered Managers | PairCorr |
| 0.91 | UBVAX | Undiscovered Managers | PairCorr |
| 0.91 | UBVSX | Undiscovered Managers | PairCorr |
| 0.9 | AVFIX | American Beacon Small | PairCorr |
| 0.63 | CVX | Chevron Corp | PairCorr |
Moving against Delaware Mutual Fund
| 0.49 | PG | Procter Gamble | PairCorr |
| 0.6 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.31 | VZ | Verizon Communications Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Delaware Mutual Fund performing well and Delaware Small 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 Small'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LSAIX | 0.31 | 0.10 | (0.24) | 1.08 | 0.00 | 1.01 | 2.50 | |||
| MSTSX | 0.69 | 0.08 | 0.04 | 0.33 | 0.47 | 1.87 | 10.06 | |||
| TRBCX | 1.13 | 0.11 | 0.14 | 0.32 | 0.94 | 2.83 | 16.05 | |||
| WMFFX | 0.73 | 0.07 | 0.05 | 0.32 | 0.57 | 1.81 | 10.54 | |||
| OWLSX | 0.67 | 0.11 | 0.09 | 0.37 | 0.30 | 1.59 | 10.33 | |||
| PBLIX | 0.69 | 0.10 | 0.06 | 0.35 | 0.43 | 1.90 | 10.31 | |||
| JAAIX | 0.17 | 0.04 | (0.61) | 0.45 | 0.00 | 0.38 | 2.40 | |||
| TAAKX | 0.79 | 0.12 | 0.10 | 0.36 | 0.53 | 2.05 | 11.56 |