Delaware Small Correlations

Mutual Funds . USA . 
Fund . Delaware Small Cap
DCCAX Fund  USD 31.78  0.18  0.57%   
The current 90-days correlation between Delaware Small Cap and M Large Cap is -0.11 (i.e., Good diversification). The correlation of Delaware Small 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 Small Correlation With Market

Almost no diversification

The correlation between Delaware Small Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Small Cap 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 Small Cap. 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

  0.95WASAX Ivy Asset StrategyPairCorr
  0.89WSGAX Ivy Small CapPairCorr
  0.73WSTAX Ivy Science AndPairCorr
  0.93WCEAX Ivy E EquityPairCorr
  0.65FTOTX First Investors TaxPairCorr
  0.86DLHCX Delaware HealthcarePairCorr
  0.69DLHAX Delaware HealthcarePairCorr
  0.93IPOAX Ivy Emerging MarketsPairCorr
  0.77DMOCX Delaware Tax FreePairCorr
  0.87IRSAX Ivy Advantus RealPairCorr
  0.69VCTFX Delaware Tax FreePairCorr
  0.69DPCFX Delaware DiversifiedPairCorr
  0.73DPDFX Delaware DiversifiedPairCorr
  0.97FGIPX First Investors GrowthPairCorr
  0.98FGINX First Investors GrowthPairCorr
  0.86WHIAX Ivy High IncomePairCorr
  0.89DPREX Delaware ReitPairCorr
  0.88DPRCX Delaware ReitPairCorr
  0.87IBNAX Ivy BalancedPairCorr
  0.95IVIAX Ivy InternationalPairCorr
  0.95IVINX Ivy Global GrowthPairCorr
  0.97FIVUX First Investors OppoPairCorr
  0.91IVOAX Ivy Mid CapPairCorr
  0.9IEYAX Ivy Energy FundPairCorr
  0.87DTICX Delaware Limited TermPairCorr
  0.92DTRIX Delaware Limited TermPairCorr
  0.98DCCCX Delaware Small CapPairCorr
  0.93DUGCX Delaware Core PlusPairCorr
  0.83WMGAX Ivy Mid CapPairCorr
  0.91IGNAX Ivy Natural ResourcesPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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