Delaware Floating Correlations

Mutual Funds . USA . 
Fund . Delaware Floating Rate
DDFCX Fund  USD 7.84  0.01  0.13%   
The current 90-days correlation between Delaware Floating Rate and Delaware Healthcare Fund is -0.09 (i.e., Good 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

Very poor diversification

The correlation between Delaware Floating Rate and DJI is 0.81 (i.e., Very poor 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 signals in services.

Moving together with Delaware Mutual Fund

  0.82WASAX Ivy Asset StrategyPairCorr
  0.8WSGAX Ivy Small CapPairCorr
  0.73WSTAX Ivy Science AndPairCorr
  0.83WCEAX Ivy E EquityPairCorr
  0.88DLHCX Delaware HealthcarePairCorr
  0.88DLHAX Delaware HealthcarePairCorr
  0.73IPOAX Ivy Emerging MarketsPairCorr
  0.73IRSAX Ivy Advantus RealPairCorr
  0.79FGIPX First Investors GrowthPairCorr
  0.73FGINX First Investors GrowthPairCorr
  0.87WHIAX Ivy High IncomePairCorr
  0.82IBNAX Ivy BalancedPairCorr
  0.83IVIAX Ivy InternationalPairCorr
  0.84IVINX Ivy Global GrowthPairCorr
  0.76FIVUX First Investors OppoPairCorr
  0.87IVOAX Ivy Mid CapPairCorr
  0.66IEYAX Ivy Energy FundPairCorr
  0.69DTICX Delaware Limited TermPairCorr
  0.69WLGAX Ivy Large CapPairCorr
  0.81DTRIX Delaware Limited TermPairCorr
  0.83DCCCX Delaware Small CapPairCorr
  0.83DCCAX Delaware Small CapPairCorr
  0.89DUGCX Delaware Core PlusPairCorr
  0.88WMGAX Ivy Mid CapPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
WASAX  0.57  0.19  0.22 (2.80) 0.30 
(0.66)
 0.92 
(1.08)
 10.31 
WSGAX  2.04  0.55  0.14  2.03  3.05 
(2.77)
 2.28 
(1.90)
 68.29 
WSTAX  1.21  0.04  0.00 (0.63) 1.85 
(1.10)
 2.14 
(3.27)
 7.77 
CXHYX  0.11  0.00 (0.16)(0.09) 0.09 
(0.20)
 0.31 
(0.31)
 0.93 
WCEAX  0.86  0.24  0.20 (2.00) 0.68 
(0.97)
 1.11 
(1.46)
 17.19 
FTNYX  0.10  0.00 (0.15) 0.54  0.00 
(0.18)
 0.29 
(0.19)
 0.97 
FTORX  0.09  0.01 (0.18) 1.42  0.00 
(0.14)
 0.25 
(0.17)
 0.82 
FTOTX  0.09  0.01 (0.16) 2.69  0.00 
(0.15)
 0.25 
(0.08)
 0.83 
DLHCX  0.89  0.22  0.28  0.38  0.46 
(1.18)
 2.08 
(1.15)
 9.05 
DLHAX  0.94  0.24  0.25  1.98  0.58 
(1.23)
 2.06 
(1.46)
 10.20 

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