Delaware Floating Correlations

DDFZX Fund

USD 7.92 0.00 0.00%

The current 90-days correlation between Delaware Floating Rate and Optimum Small Mid Cap is -0.05 (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

Average diversification

The correlation between Delaware Floating Rate and DJI is 0.18 (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 signals in nation.

Moving together with Delaware Mutual Fund

0.9	DLHIX	Delaware Healthcare	Pair Corr
0.9	DLRHX	Delaware Healthcare	Pair Corr
0.83	DLTZX	Delaware Limited Term	Pair Corr
0.82	DLTRX	Delaware Limited Term	Pair Corr
0.63	DPRSX	Delaware Reit	Pair Corr
0.62	DPRRX	Delaware Reit	Pair Corr
0.62	DPRDX	Real Estate	Pair Corr
0.68	FICHX	First Investors Select	Pair Corr
0.86	DTINX	Delaware Limited Term	Pair Corr
0.83	DUGRX	Delaware Strategic Income	Pair Corr
0.86	DUGIX	Delaware Strategic Income	Pair Corr
0.91	DULTX	Delaware Investments	Pair Corr

Moving against Delaware Mutual Fund

0.6	OCFIX	Optimum Fixed Income	Pair Corr
0.57	DMO	Western Asset Mortgage	Pair Corr
0.55	OCLGX	Optimum Large Cap	Pair Corr
0.54	OILGX	Optimum Large Cap	Pair Corr
0.46	OCSVX	Optimum Small Mid	Pair Corr
0.4	OILVX	Optimum Large Cap	Pair Corr
0.36	OASVX	Optimum Small Mid	Pair Corr
0.34	OCLVX	Optimum Large Cap	Pair Corr
0.32	OISVX	Optimum Small Mid	Pair Corr
0.64	DEERX	Delaware Extended	Pair Corr
0.61	DEEIX	Delaware Extended	Pair Corr
0.61	DEZRX	Delaware Extended	Pair Corr
0.58	OAFIX	Optimum Fixed Income	Pair Corr
0.5	OALGX	Optimum Large Cap	Pair Corr
0.4	DDVIX	Delaware Value	Pair Corr
0.4	DDZRX	Delaware Value	Pair Corr

Related Correlations Analysis

	OASGX	OASVX	OCFIX	OCIEX	OCLVX	OCLGX	OCSGX	OCSVX	DMO	DLHIX
OASGX		0.34	-0.03	0.64	0.27	0.09	0.69	0.26	-0.32	0.44	OASGX
OASVX	0.34		0.45	0.14	0.78	0.46	0.71	0.99	0.02	-0.22	OASVX
OCFIX	-0.03	0.45		-0.36	0.8	0.79	0.45	0.57	0.78	-0.49	OCFIX
OCIEX	0.64	0.14	-0.36		-0.08	-0.2	0.21	0.07	-0.42	0.22	OCIEX
OCLVX	0.27	0.78	0.8	-0.08		0.7	0.73	0.84	0.45	-0.25	OCLVX
OCLGX	0.09	0.46	0.79	-0.2	0.7		0.44	0.57	0.68	-0.56	OCLGX
OCSGX	0.69	0.71	0.45	0.21	0.73	0.44		0.68	0.05	0.16	OCSGX
OCSVX	0.26	0.99	0.57	0.07	0.84	0.57	0.68		0.17	-0.34	OCSVX
DMO	-0.32	0.02	0.78	-0.42	0.45	0.68	0.05	0.17		-0.64	DMO
DLHIX	0.44	-0.22	-0.49	0.22	-0.25	-0.56	0.16	-0.34	-0.64		DLHIX
	OASGX	OASVX	OCFIX	OCIEX	OCLVX	OCLGX	OCSGX	OCSVX	DMO	DLHIX

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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

OCSVX	+ 0.99	OASVX
OCSVX	+ 0.84	OCLVX
OCLVX	+ 0.8	OCFIX
OCLGX	+ 0.79	OCFIX
OCLVX	+ 0.78	OASVX
DMO	+ 0.78	OCFIX

High negative correlations

DLHIX	- 0.64	DMO
DLHIX	- 0.56	OCLGX
DLHIX	- 0.49	OCFIX
DMO	- 0.42	OCIEX
OCIEX	- 0.36	OCFIX
DLHIX	- 0.34	OCSVX

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	1.04	0.00	(0.05)	0.04	1.31	(1.12)	2.08	(2.06)	5.54
OASVX	0.74	(0.13)	0.00	(0.07)	0.00	0.00	1.69	(1.59)	6.74
OCFIX	0.17	(0.03)	0.00	4.04	0.00	0.00	0.33	(0.33)	2.00
OCIEX	0.60	0.01	(0.06)	0.12	0.81	(0.61)	1.25	(1.26)	3.61
OCLVX	0.57	(0.07)	0.00	(0.05)	0.00	0.00	0.96	(1.07)	6.30
OCLGX	1.24	(0.36)	0.00	(0.55)	0.00	0.00	1.74	(2.24)	24.57
OCSGX	1.07	(0.11)	0.00	(0.01)	0.00	0.00	2.05	(2.17)	6.28
OCSVX	0.76	(0.14)	0.00	(0.10)	0.00	0.00	1.59	(1.66)	7.64
DMO	0.50	(0.09)	0.00	(0.62)	0.00	0.00	0.91	(1.02)	3.85
DLHIX	0.84	0.31	0.33	0.43	0.34	(1.03)	2.07	(1.18)	6.65

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