Delaware Floating Correlations
| DDFFX Fund | USD 7.78 0.03 0.39% |
The current 90-days correlation between Delaware Floating Rate and Metropolitan West High is -0.06 (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 weak diversification
The correlation between Delaware Floating Rate and DJI is 0.44 (i.e., Very weak 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.
Delaware |
Moving against Delaware Mutual Fund
| 0.61 | DMO | Western Asset Mortgage | PairCorr |
| 0.34 | OCFIX | Optimum Fixed Income | PairCorr |
| 0.33 | DPRFX | Delaware Diversified | PairCorr |
Related Correlations Analysis
| 0.95 | 0.94 | 0.97 | 0.92 | 0.95 | 0.88 | PHDTX | ||
| 0.95 | 0.83 | 0.93 | 0.95 | 0.9 | 0.93 | WAHSX | ||
| 0.94 | 0.83 | 0.92 | 0.8 | 0.94 | 0.76 | CBSYX | ||
| 0.97 | 0.93 | 0.92 | 0.89 | 0.95 | 0.86 | FHIRX | ||
| 0.92 | 0.95 | 0.8 | 0.89 | 0.86 | 0.9 | AGDAX | ||
| 0.95 | 0.9 | 0.94 | 0.95 | 0.86 | 0.84 | PARCX | ||
| 0.88 | 0.93 | 0.76 | 0.86 | 0.9 | 0.84 | MWHIX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PHDTX | 0.07 | 0.01 | (0.12) | 0.23 | 0.00 | 0.11 | 0.44 | |||
| WAHSX | 0.12 | 0.01 | (0.11) | 0.16 | 0.00 | 0.29 | 1.00 | |||
| CBSYX | 0.43 | 0.09 | 0.13 | 0.20 | 0.39 | 0.82 | 6.07 | |||
| FHIRX | 0.08 | 0.02 | 0.00 | 0.53 | 0.00 | 0.55 | 1.11 | |||
| AGDAX | 0.11 | 0.01 | (0.17) | 2.13 | 0.00 | 0.28 | 0.86 | |||
| PARCX | 0.39 | 0.08 | 0.13 | 0.20 | 0.25 | 0.69 | 5.35 | |||
| MWHIX | 0.12 | 0.01 | (0.14) | 0.31 | 0.00 | 0.44 | 1.10 |