Delaware Floating Correlations

DDFCX Fund

USD 7.92 0.01 0.13%

The current 90-days correlation between Delaware Floating Rate and Optimum Small Mid Cap is 0.17 (i.e., Average 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

Modest diversification

The correlation between Delaware Floating Rate and DJI is 0.22 (i.e., Modest 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 main economic indicators.

Moving together with Delaware Mutual Fund

0.61	WASAX	Ivy Asset Strategy	Pair Corr
0.75	CXHYX	Delaware National High	Pair Corr
0.67	FTNYX	Delaware Tax Free	Pair Corr
0.65	FTORX	First Investors Tax	Pair Corr
0.68	FTOTX	First Investors Tax	Pair Corr
0.7	DLHIX	Delaware Healthcare	Pair Corr
0.7	DLHCX	Delaware Healthcare	Pair Corr
0.7	DLHAX	Delaware Healthcare	Pair Corr
0.7	DLRHX	Delaware Healthcare	Pair Corr
0.67	DMHIX	Delaware Minnesota High	Pair Corr
0.62	DMOCX	Delaware Tax Free	Pair Corr
0.67	DMNIX	Delaware Tax Free	Pair Corr
0.68	DMTFX	Delaware Tax Free	Pair Corr
0.73	DMUSX	Delaware Tax Free	Pair Corr
0.63	VAZIX	Delaware Tax Free	Pair Corr
0.7	VCTFX	Delaware Tax Free	Pair Corr

Related Correlations Analysis

	OASGX	OASVX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX	OCLVX	OCLGX	OCSGX
OASGX		0.97	-0.13	-0.77	0.25	0.98	-0.47	0.42	0.96	1.0	OASGX
OASVX	0.97		0.03	-0.65	0.4	0.96	-0.34	0.58	0.94	0.97	OASVX
IMAAX	-0.13	0.03		0.66	0.85	-0.1	0.85	0.71	-0.06	-0.13	IMAAX
OCFIX	-0.77	-0.65	0.66		0.34	-0.74	0.82	0.19	-0.73	-0.77	OCFIX
WASAX	0.25	0.4	0.85	0.34		0.3	0.72	0.91	0.3	0.25	WASAX
WSGAX	0.98	0.96	-0.1	-0.74	0.3		-0.41	0.43	0.96	0.98	WSGAX
OCIEX	-0.47	-0.34	0.85	0.82	0.72	-0.41		0.49	-0.4	-0.47	OCIEX
OCLVX	0.42	0.58	0.71	0.19	0.91	0.43	0.49		0.4	0.42	OCLVX
OCLGX	0.96	0.94	-0.06	-0.73	0.3	0.96	-0.4	0.4		0.96	OCLGX
OCSGX	1.0	0.97	-0.13	-0.77	0.25	0.98	-0.47	0.42	0.96		OCSGX
	OASGX	OASVX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX	OCLVX	OCLGX	OCSGX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OCSGX	+ 1.0	OASGX
WSGAX	+ 0.98	OASGX
OCSGX	+ 0.98	WSGAX
OASVX	+ 0.97	OASGX
OCSGX	+ 0.97	OASVX
OCLGX	+ 0.96	OASGX

High negative correlations

OCSGX	- 0.77	OCFIX
OCFIX	- 0.77	OASGX
WSGAX	- 0.74	OCFIX
OCLGX	- 0.73	OCFIX
OCFIX	- 0.65	OASVX
OCSGX	- 0.47	OCIEX

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
OASGX	1.09	(0.14)	0.00	(0.16)	0.00	0.00	1.96	(2.56)	5.44
OASVX	0.77	(0.05)	0.00	(0.10)	0.00	0.00	1.30	(1.84)	3.77
IMAAX	0.39	0.02	0.09	(0.01)	0.47	(0.44)	0.98	(0.74)	2.44
OCFIX	0.24	0.03	0.27	0.99	0.17	(0.30)	0.58	(0.46)	1.42
WASAX	0.53	0.03	0.07	(0.01)	0.68	(0.53)	1.11	(1.12)	2.98
WSGAX	1.20	(0.09)	0.00	(0.12)	0.00	0.00	2.02	(3.15)	5.71
OCIEX	0.65	0.10	0.13	0.11	0.82	(0.68)	1.74	(1.42)	5.28
OCLVX	0.61	0.05	0.08	0.01	0.70	(0.69)	1.22	(1.11)	3.41
OCLGX	1.13	(0.13)	0.00	(0.16)	0.00	0.00	2.28	(2.75)	6.41
OCSGX	1.08	(0.14)	0.00	(0.16)	0.00	0.00	1.88	(2.65)	5.40

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