Delaware Limited-term Correlations

Mutual Funds . USA . 
Fund . Delaware Limited Term Diversified
DLTRX Fund  USD 7.95  0.01  0.13%   
The current 90-days correlation between Delaware Limited Term and Optimum Small Mid Cap is 0.05 (i.e., Significant diversification). The correlation of Delaware Limited-term 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 Limited-term Correlation With Market

Significant diversification

The correlation between Delaware Limited Term Diversif and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Limited Term Diversif 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 Limited Term Diversified. 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 real.

Moving together with Delaware Mutual Fund

  0.72OASGX Optimum Small MidPairCorr
  0.84OCFIX Optimum Fixed IncomePairCorr
  0.63WASAX Ivy Asset StrategyPairCorr
  0.75WSGAX Ivy Small CapPairCorr
  0.7OCLVX Optimum Large CapPairCorr
  0.8OCLGX Optimum Large CapPairCorr
  0.8OCSGX Optimum Small MidPairCorr
  0.67DMO Western Asset MortgagePairCorr
  0.68CXHYX Delaware National HighPairCorr
  0.62WCEAX Ivy E EquityPairCorr
  0.75FTNYX Delaware Tax FreePairCorr
  0.72FTOTX First Investors TaxPairCorr
  0.61DLHIX Delaware HealthcarePairCorr
  0.75DLRHX Delaware HealthcarePairCorr
  0.95DLTZX Delaware Limited TermPairCorr
  0.66IPOAX Ivy Emerging MarketsPairCorr
  0.81DMHIX Delaware Minnesota HighPairCorr
  0.77DMOCX Delaware Tax FreePairCorr
  0.75DMNIX Delaware Tax FreePairCorr
  0.72IRSAX Ivy Advantus RealPairCorr
  0.83OIFIX Optimum Fixed IncomePairCorr
  0.62OIIEX Optimum InternationalPairCorr
  0.79OILGX Optimum Large CapPairCorr
  0.7OILVX Optimum Large CapPairCorr
  0.72VCTFX Delaware Tax FreePairCorr
  0.87DPCFX Delaware DiversifiedPairCorr
  0.87DPDFX Delaware DiversifiedPairCorr
  0.91DPFFX Delaware DiversifiedPairCorr
  0.8OISGX Optimum Small MidPairCorr
  0.82FGIPX First Investors GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Limited-term 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 Limited-term'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OASGX  0.81  0.10  0.11  0.11  0.69 
(0.99)
 1.93 
(1.29)
 4.38 
OASVX  0.73 (0.01)(0.01) 0.01  0.74 
(0.96)
 1.70 
(1.13)
 4.20 
OCFIX  0.19  0.04  0.11  2.31  0.00 
(0.27)
 0.45 
(0.23)
 1.24 
WASAX  0.29  0.05  0.12  0.17  0.10 
(0.36)
 0.75 
(0.42)
 1.57 
WSGAX  0.81  0.09  0.10  0.10  0.77 
(0.90)
 2.04 
(1.39)
 4.45 
OCIEX  0.48  0.05  0.08  0.12  0.43 
(0.54)
 1.09 
(0.87)
 3.00 
OCLVX  0.44  0.01 (0.03)(0.02) 0.54 
(0.54)
 1.09 
(0.97)
 3.35 
OCLGX  0.54  0.15  0.16 (0.61) 0.52 
(0.59)
 1.18 
(1.11)
 3.37 
OCSGX  0.82  0.06  0.03 (0.22) 0.91 
(1.01)
 2.01 
(1.32)
 6.16 
OCSVX  0.75 (0.08) 0.00 (0.04) 0.00 
 0.00 
 1.69 
(1.21)
 4.27 

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