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.
Delaware |
Moving together with Delaware Mutual Fund
| 0.69 | OASGX | Optimum Small Mid | PairCorr |
| 0.66 | OASVX | Optimum Small Mid | PairCorr |
| 0.65 | OCLVX | Optimum Large Cap | PairCorr |
| 0.67 | OCSGX | Optimum Small Mid | PairCorr |
| 0.65 | OCSVX | Optimum Small Mid | PairCorr |
| 0.76 | DLHIX | Delaware Healthcare | PairCorr |
| 0.89 | DLRHX | Delaware Healthcare | PairCorr |
| 0.84 | DLTZX | Delaware Limited Term | PairCorr |
| 0.81 | DLTRX | Delaware Limited Term | PairCorr |
| 0.67 | OILVX | Optimum Large Cap | PairCorr |
| 0.61 | OISGX | Optimum Small Mid | PairCorr |
| 0.68 | OISVX | Optimum Small Mid | PairCorr |
| 0.74 | FICHX | First Investors Select | PairCorr |
| 0.82 | FICGX | First Investors Select | PairCorr |
| 0.71 | DTINX | Delaware Limited Term | PairCorr |
| 0.66 | DCCIX | Delaware Small Cap | PairCorr |
| 0.79 | DCCRX | Delaware Small Cap | PairCorr |
| 0.99 | DUGIX | Delaware Strategic Income | PairCorr |
Moving against Delaware Mutual Fund
| 0.67 | DMO | Western Asset Mortgage | PairCorr |
| 0.32 | DTFIX | Delaware Tax Free | PairCorr |
| 0.41 | DCTIX | Delaware Tax Free | PairCorr |
Related Correlations Analysis
| 0.93 | 0.86 | 0.93 | 0.76 | 0.79 | PARWX | ||
| 0.93 | 0.92 | 0.9 | 0.84 | 0.86 | TALCX | ||
| 0.86 | 0.92 | 0.87 | 0.82 | 0.87 | SGGAX | ||
| 0.93 | 0.9 | 0.87 | 0.78 | 0.8 | APGYX | ||
| 0.76 | 0.84 | 0.82 | 0.78 | 0.92 | SAIFX | ||
| 0.79 | 0.86 | 0.87 | 0.8 | 0.92 | DLQIX | ||
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PARWX | 0.76 | 0.23 | 0.30 | 0.31 | 0.35 | 1.23 | 13.56 | |||
| TALCX | 0.57 | 0.11 | 0.13 | 0.19 | 0.49 | 1.31 | 3.10 | |||
| SGGAX | 1.11 | 0.34 | 0.21 | (2.08) | 0.87 | 2.00 | 22.54 | |||
| APGYX | 0.82 | 0.11 | 0.10 | 0.21 | 0.85 | 1.87 | 12.21 | |||
| SAIFX | 0.70 | 0.17 | 0.22 | 0.24 | 0.30 | 1.24 | 12.73 | |||
| DLQIX | 0.88 | 0.32 | 0.31 | 0.63 | 0.38 | 1.47 | 19.80 |