Delaware Strategic Correlations

DUGRX Fund  USD 7.63  0.01  0.13%   
The current 90-days correlation between Delaware Strategic Income and Parnassus Endeavor Fund is 0.05 (i.e., Significant diversification). The correlation of Delaware Strategic 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delaware Strategic Income. 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 population.

Moving together with Delaware Mutual Fund

  0.69OASGX Optimum Small MidPairCorr
  0.66OASVX Optimum Small MidPairCorr
  0.65OCLVX Optimum Large CapPairCorr
  0.67OCSGX Optimum Small MidPairCorr
  0.65OCSVX Optimum Small MidPairCorr
  0.76DLHIX Delaware HealthcarePairCorr
  0.89DLRHX Delaware HealthcarePairCorr
  0.84DLTZX Delaware Limited TermPairCorr
  0.81DLTRX Delaware Limited TermPairCorr
  0.67OILVX Optimum Large CapPairCorr
  0.61OISGX Optimum Small MidPairCorr
  0.68OISVX Optimum Small MidPairCorr
  0.74FICHX First Investors SelectPairCorr
  0.82FICGX First Investors SelectPairCorr
  0.71DTINX Delaware Limited TermPairCorr
  0.66DCCIX Delaware Small CapPairCorr
  0.79DCCRX Delaware Small CapPairCorr
  0.99DUGIX Delaware Strategic IncomePairCorr

Moving against Delaware Mutual Fund

  0.67DMO Western Asset MortgagePairCorr
  0.32DTFIX Delaware Tax FreePairCorr
  0.41DCTIX Delaware Tax FreePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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