Delaware Floating Correlations

DDFAX Fund

USD 7.91 0.00 0.00%

The current 90-days correlation between Delaware Floating Rate and Fulcrum Diversified Absolute is 0.02 (i.e., Significant diversification). The correlation of Delaware Floating 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 Floating Correlation With Market

Average diversification

The correlation between Delaware Floating Rate and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Floating Rate 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 Floating Rate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Delaware Mutual Fund

0.85	OOSYX	Oppenheimer Senior	Pair Corr
0.85	OOSIX	Oppenheimer Senior	Pair Corr
0.99	LFRIX	Floating Rate	Pair Corr
0.99	LARCX	Floating Rate	Pair Corr
0.99	LFRRX	Lord Abbett Inv	Pair Corr
0.99	LFRFX	Floating Rate	Pair Corr
0.99	LRRRX	Floating Rate	Pair Corr
0.99	LRRTX	Floating Rate	Pair Corr
0.99	LRRVX	Floating Rate	Pair Corr
1.0	LRRKX	Floating Rate	Pair Corr
0.88	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.88	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.88	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.88	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.88	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.67	CDCRX	Copeland Risk Managed	Pair Corr
0.61	ASGTX	Transamerica Small Cap	Pair Corr
0.67	CDGRX	Copeland Risk Managed	Pair Corr
0.88	PPIAX	Deutsche Short Duration	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.62	WMT	Walmart Common Stock	Pair Corr
0.71	MRK	Merck Company	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.64	AA	Alcoa Corp	Pair Corr
0.67	XOM	Exxon Mobil Corp	Pair Corr

Moving against Delaware Mutual Fund

0.7	MSFT	Microsoft	Pair Corr
0.63	HPQ	HP Inc	Pair Corr
0.58	PG	Procter Gamble	Pair Corr
0.56	HD	Home Depot	Pair Corr

Related Correlations Analysis

	FARIX	PRSVX	SMPIX	OPTCX	AUERX	BOSVX	PATFX
FARIX		0.84	0.61	0.87	0.88	0.86	0.29	FARIX
PRSVX	0.84		0.45	0.84	0.96	0.95	0.16	PRSVX
SMPIX	0.61	0.45		0.56	0.45	0.5	0.27	SMPIX
OPTCX	0.87	0.84	0.56		0.85	0.89	0.32	OPTCX
AUERX	0.88	0.96	0.45	0.85		0.96	0.19	AUERX
BOSVX	0.86	0.95	0.5	0.89	0.96		0.2	BOSVX
PATFX	0.29	0.16	0.27	0.32	0.19	0.2		PATFX
	FARIX	PRSVX	SMPIX	OPTCX	AUERX	BOSVX	PATFX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Floating 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 Floating'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
FARIX	0.48	0.07	0.06	0.24	0.43	(0.58)	1.06	(0.95)	3.57
PRSVX	0.94	0.14	0.15	0.13	0.81	(1.04)	1.80	(1.84)	13.81
SMPIX	2.72	0.33	0.11	0.19	3.35	(2.86)	6.54	(5.70)	24.53
OPTCX	0.16	0.00	(0.16)	0.04	0.14	(0.21)	0.40	(0.40)	0.91
AUERX	1.06	0.24	0.20	0.33	0.84	(1.34)	2.06	(1.76)	12.63
BOSVX	0.96	0.15	0.14	0.19	0.83	(1.15)	2.20	(1.44)	8.57
PATFX	0.09	0.02	(0.23)	(1.35)	0.00	(0.13)	0.27	(0.18)	0.72

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