Delaware Floating Correlations

Mutual Funds USA . 
Fund . Delaware Floating Rate
DDFFX Fund  USD 7.91  0.00  0.00%   
The current 90-days correlation between Delaware Floating Rate and Transamerica Large Cap is 0.08 (i.e., Significant diversification). The correlation of Delaware Floating 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 Floating Correlation With Market

Average diversification

The correlation between Delaware Floating Rate and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Floating Rate 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 Floating Rate. 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 census.

Moving together with Delaware Mutual Fund

  0.62OASVX Optimum Small MidPairCorr
  0.65OCSGX Optimum Small MidPairCorr
  0.65OCSVX Optimum Small MidPairCorr
  0.7DLHIX Delaware HealthcarePairCorr
  0.67DLRHX Delaware HealthcarePairCorr
  0.67OILVX Optimum Large CapPairCorr
  0.67FICGX First Investors SelectPairCorr
  0.63DCCIX Delaware Small CapPairCorr
  0.62DCCRX Delaware Small CapPairCorr
  0.8DUGRX Delaware Strategic IncomePairCorr
  0.61DULTX Delaware InvestmentsPairCorr
  0.63DCZRX Delaware Small CapPairCorr
  0.62DDDRX Delaware Wealth BuilderPairCorr

Moving against Delaware Mutual Fund

  0.69DMO Western Asset MortgagePairCorr
  0.49OCLGX Optimum Large CapPairCorr
  0.35DTNIX Delaware Tax FreePairCorr
  0.61DEERX Delaware ExtendedPairCorr
  0.37DDVIX Delaware ValuePairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DLCFX
+ 0.94
DLQIX
DLCFX
+ 0.86
FLRAX
DLQIX
+ 0.83
FLRAX
TRCPX
+ 0.77
FLRAX
DLCFX
+ 0.77
TRCPX
NBPBX
+ 0.75
TALCX
  

High negative correlations

DLQIX
- 0.03
TALCX

Risk-Adjusted Indicators

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