Delaware Emerging Correlations

Mutual Funds . USA . 
Fund . Delaware Emerging Markets
DEMZX Fund  USD 39.53  0.44  1.13%   
The current 90-days correlation between Delaware Emerging Markets and Blackrock High Yield is 0.14 (i.e., Average diversification). The correlation of Delaware Emerging 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 Emerging Correlation With Market

Very poor diversification

The correlation between Delaware Emerging Markets and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Emerging Markets 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 Emerging Markets. 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

  0.83OASGX Optimum Small MidPairCorr
  0.8OASVX Optimum Small MidPairCorr
  0.96OCIEX Optimum InternationalPairCorr
  0.82OCLVX Optimum Large CapPairCorr
  0.67OCLGX Optimum Large CapPairCorr
  0.81OCSGX Optimum Small MidPairCorr
  0.79OCSVX Optimum Small MidPairCorr
  0.67DLHIX Delaware HealthcarePairCorr
  0.67DLRHX Delaware HealthcarePairCorr
  0.77DLTZX Delaware Limited TermPairCorr
  0.73DLTRX Delaware Limited TermPairCorr
  0.88DMHIX Delaware Minnesota HighPairCorr
  0.86DMNIX Delaware Tax FreePairCorr
  0.97OIIEX Optimum InternationalPairCorr
  0.82OILVX Optimum Large CapPairCorr
  0.65DPFFX Delaware DiversifiedPairCorr
  0.79OISGX Optimum Small MidPairCorr
  0.82OISVX Optimum Small MidPairCorr
  0.94DPRSX Delaware ReitPairCorr
  0.94DPRRX Delaware ReitPairCorr
  0.94DPRDX Real EstatePairCorr
  0.67DPZRX Delaware DiversifiedPairCorr
  0.74FICHX First Investors SelectPairCorr
  0.79FICGX First Investors SelectPairCorr
  0.85FIZRX Delaware OpportunityPairCorr
  0.8DTINX Delaware Limited TermPairCorr
  0.7DTIDX Delaware Tax FreePairCorr
  0.84DCCIX Delaware Small CapPairCorr
  0.84DCCRX Delaware Small CapPairCorr
  0.81DCOIX Delaware Tax FreePairCorr
  0.85DUGRX Delaware Strategic IncomePairCorr

Moving against Delaware Mutual Fund

  0.66DMO Western Asset MortgagePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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