Delaware Emerging Correlations

Mutual Funds . USA . 
Fund . Delaware Emerging Markets
DEDCX Fund  USD 7.64  0.02  0.26%   
The current 90-days correlation between Delaware Emerging Markets and Qs Large Cap is 0.24 (i.e., Modest diversification). The correlation of Delaware Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Delaware Emerging Markets and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Emerging Markets 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 Emerging Markets. 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

  0.65OCFIX Optimum Fixed IncomePairCorr
  0.64OCIEX Optimum InternationalPairCorr
  0.77CXHYX Delaware National HighPairCorr
  0.75FTNYX Delaware Tax FreePairCorr
  0.75FTORX First Investors TaxPairCorr
  0.79FTOTX First Investors TaxPairCorr
  0.76DMHIX Delaware Minnesota HighPairCorr
  0.75DMOCX Delaware Tax FreePairCorr
  0.75DMNIX Delaware Tax FreePairCorr
  0.74DMTFX Delaware Tax FreePairCorr
  0.79DMUSX Delaware Tax FreePairCorr
  0.68VAZIX Delaware Tax FreePairCorr
  0.67OIFIX Optimum Fixed IncomePairCorr
  0.78VCTFX Delaware Tax FreePairCorr
  0.69DPCFX Delaware DiversifiedPairCorr
  0.84DPDFX Delaware DiversifiedPairCorr
  0.84DPFFX Delaware DiversifiedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Emerging 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 Emerging'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY