Delaware Value Correlations
| DDVAX Fund | USD 19.04 0.13 0.69% |
The correlation of Delaware Value 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 Value Correlation With Market
Very poor diversification
The correlation between Delaware Value Fund and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Value Fund and DJI in the same portfolio, assuming nothing else is changed.
Delaware |
Moving together with Delaware Mutual Fund
| 0.85 | OASGX | Optimum Small Mid | PairCorr |
| 0.88 | OASVX | Optimum Small Mid | PairCorr |
| 0.75 | WASAX | Ivy Asset Strategy | PairCorr |
| 0.71 | WSGAX | Ivy Small Cap | PairCorr |
| 0.98 | OCLVX | Optimum Large Cap | PairCorr |
| 0.82 | OCLGX | Optimum Large Cap | PairCorr |
| 0.85 | OCSGX | Optimum Small Mid | PairCorr |
| 0.88 | OCSVX | Optimum Small Mid | PairCorr |
| 0.78 | WSTAX | Ivy Science And | PairCorr |
| 0.7 | DMO | Western Asset Mortgage | PairCorr |
| 0.89 | WCEAX | Ivy E Equity | PairCorr |
| 0.82 | OILGX | Optimum Large Cap | PairCorr |
| 0.91 | OILVX | Optimum Large Cap | PairCorr |
| 0.85 | OISGX | Optimum Small Mid | PairCorr |
Moving against Delaware Mutual Fund
| 0.49 | DLHCX | Delaware Healthcare Potential Growth | PairCorr |
| 0.48 | DLHIX | Delaware Healthcare Potential Growth | PairCorr |
| 0.41 | OCFIX | Optimum Fixed Income | PairCorr |
| 0.48 | DLHAX | Delaware Healthcare Potential Growth | PairCorr |
| 0.48 | DLRHX | Delaware Healthcare Potential Growth | PairCorr |
| 0.45 | DPCFX | Delaware Diversified | PairCorr |
| 0.39 | OIFIX | Optimum Fixed Income | PairCorr |
| 0.38 | DPFFX | Delaware Diversified | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | TGIGX | ||
| 0.0 | -0.39 | 0.86 | 0.67 | TRSAX | ||
| 0.0 | -0.39 | -0.47 | 0.03 | MGIAX | ||
| 0.0 | 0.86 | -0.47 | 0.65 | DEVLX | ||
| 0.0 | 0.67 | 0.03 | 0.65 | RNCOX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Delaware Mutual Fund performing well and Delaware Value 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 Value'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TGIGX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TRSAX | 0.72 | (0.01) | (0.02) | 0.09 | 1.02 | 1.82 | 5.08 | |||
| MGIAX | 0.65 | (0.11) | 0.00 | (0.15) | 0.00 | 1.30 | 4.20 | |||
| DEVLX | 0.86 | 0.13 | 0.04 | 11.40 | 0.77 | 1.95 | 7.86 | |||
| RNCOX | 0.27 | 0.02 | (0.18) | (0.68) | 0.31 | 0.53 | 1.45 |