Delaware Small Correlations

DCCRX Fund

USD 29.55 0.01 0.03%

The current 90-days correlation between Delaware Small Cap and Jhancock Diversified Macro is 0.19 (i.e., Average 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

Poor diversification

The correlation between Delaware Small Cap and DJI is 0.78 (i.e., Poor 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 inflation.

Moving together with Delaware Mutual Fund

0.78	VSMAX	Vanguard Small Cap	Pair Corr
0.78	VSCIX	Vanguard Small Cap	Pair Corr
0.78	VSCPX	Vanguard Small Cap	Pair Corr
0.78	NAESX	Vanguard Small Cap	Pair Corr
0.79	FSSNX	Fidelity Small Cap	Pair Corr
0.75	DFSTX	Us Small Cap	Pair Corr
0.77	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.77	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.76	PASVX	T Rowe Price	Pair Corr
0.75	PRVIX	T Rowe Price	Pair Corr
0.76	FSMMX	Fs Multi Strategy	Pair Corr
0.74	BTMPX	Ishares Msci Eafe	Pair Corr
0.74	BTMKX	Blackrock International	Pair Corr
0.74	MDIIX	Blackrock Intern Index	Pair Corr
0.69	EMSLX	Shelton Emerging Markets	Pair Corr
0.78	LMISX	Qs Large Cap	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.63	INTC	Intel Aggressive Push	Pair Corr

Moving against Delaware Mutual Fund

0.53	MMM	3M Company	Pair Corr
0.47	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.45	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	ACDOX	WMCVX	ADX	VDEQX	JDJRX
ACDOX		0.7	0.58	0.72	0.21	ACDOX
WMCVX	0.7		0.75	0.85	0.37	WMCVX
ADX	0.58	0.75		0.65	0.41	ADX
VDEQX	0.72	0.85	0.65		0.12	VDEQX
JDJRX	0.21	0.37	0.41	0.12		JDJRX
	ACDOX	WMCVX	ADX	VDEQX	JDJRX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ACDOX	0.14	0.00	(0.20)	(0.03)	0.14	(0.18)	0.22	(0.32)	0.87
WMCVX	0.98	0.11	0.12	0.13	0.83	(1.15)	2.32	(1.80)	8.98
ADX	0.66	0.04	0.02	0.11	0.73	(0.69)	1.44	(1.22)	3.14
VDEQX	0.60	(0.05)	0.00	(0.01)	0.00	0.00	1.23	(1.36)	3.64
JDJRX	0.38	(0.01)	(0.08)	0.02	0.41	(0.50)	0.94	(0.81)	2.24

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