Delaware Minnesota Correlations

Mutual Funds . USA . 
Fund . Delaware Minnesota High Yield
DMHIX Fund  USD 9.40  0.04  0.42%   
The current 90-days correlation between Delaware Minnesota High and Ab Discovery Value is 0.15 (i.e., Average diversification). The correlation of Delaware Minnesota 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 Minnesota Correlation With Market

Average diversification

The correlation between Delaware Minnesota High Yield and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Minnesota High Yield 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 Minnesota High Yield. 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

  0.71CXHYX Delaware National HighPairCorr
  0.67FTNYX Delaware Tax FreePairCorr
  0.79FTORX First Investors TaxPairCorr
  0.8FTOTX First Investors TaxPairCorr
  0.83DMOCX Delaware Tax FreePairCorr
  0.85DMNIX Delaware Tax FreePairCorr
  0.76DMTFX Delaware Tax FreePairCorr
  0.97DMUSX Delaware Tax FreePairCorr
  0.83VCTFX 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 Minnesota 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 Minnesota'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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