Delaware Tax Correlations

VIDAX Fund  USD 9.83  0.19  0.19%   
The correlation of Delaware Tax 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.
  
Check out World Market Map to better understand how to build diversified portfolios. 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

  0.8OASGX Optimum Small MidPairCorr
  0.97OCFIX Optimum Fixed IncomePairCorr
  0.94WASAX Ivy Asset StrategyPairCorr
  0.8WSGAX Ivy Small CapPairCorr
  0.79OCIEX Optimum InternationalPairCorr
  0.91OCLGX Optimum Large CapPairCorr
  0.72OCSGX Optimum Small MidPairCorr
  0.94WSTAX Ivy Science AndPairCorr
  0.84DMO Western Asset MortgagePairCorr
  0.9CXHYX Delaware National HighPairCorr
  0.8WCEAX Ivy E EquityPairCorr
  1.0FTORX First Investors TaxPairCorr
  0.9FTOTX First Investors TaxPairCorr
  0.8DLHIX Delaware HealthcarePairCorr
  0.86DLHCX Delaware HealthcarePairCorr
  0.86DLHAX Delaware HealthcarePairCorr
  0.75DLRHX Delaware HealthcarePairCorr
  0.79DLTZX Delaware Limited TermPairCorr
  0.92DLTRX Delaware Limited TermPairCorr
  0.93IPOAX Ivy Emerging MarketsPairCorr
  0.92DMHIX Delaware Minnesota HighPairCorr
  1.0DMOCX Delaware Tax FreePairCorr
  1.0DMNIX Delaware Tax FreePairCorr
  0.99DMTFX Delaware Tax FreePairCorr
  1.0DMUSX Delaware Tax FreePairCorr
  0.76IRSAX Ivy Advantus RealPairCorr
  0.97OIFIX Optimum Fixed IncomePairCorr
  0.81OIIEX Optimum InternationalPairCorr
  0.91OILGX Optimum Large CapPairCorr
  0.71OILVX Optimum Large Cap Potential GrowthPairCorr
  0.9VCTFX Delaware Tax FreePairCorr
  0.96DPCFX Delaware DiversifiedPairCorr
  0.86DPDFX Delaware DiversifiedPairCorr
  0.86DPFFX Delaware DiversifiedPairCorr
  0.73OISGX Optimum Small MidPairCorr
  0.85FGIPX First Investors GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Tax 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 Tax'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.