Delaware Extended Correlations

DEEAX Fund

USD 14.05 0.01 0.07%

The current 90-days correlation between Delaware Extended and Dreyfusstandish Global Fixed is 0.64 (i.e., Poor diversification). The correlation of Delaware Extended 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 Extended Correlation With Market

Weak diversification

The correlation between Delaware Extended Duration and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Extended Duration 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 Extended Duration. 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

0.86	VWETX	Vanguard Long Term	Pair Corr
0.72	VBLAX	Vanguard Long Term	Pair Corr
0.66	VBLLX	Vanguard Long Term	Pair Corr
0.71	VBLIX	Vanguard Long Term	Pair Corr
0.81	VWESX	Vanguard Long Term	Pair Corr
0.81	SLDAX	Siit Long Duration	Pair Corr
0.79	PLRIX	Pimco Long Term	Pair Corr
0.73	PLRPX	Pimco Long Duration	Pair Corr

Moving against Delaware Mutual Fund

0.53	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.53	USPIX	Profunds Ultrashort Steady Growth	Pair Corr
0.34	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	LFLCX	SMYIX	ANAGX	CNGLX	APDPX	DSDYX
LFLCX		0.85	0.57	0.82	0.95	0.34	LFLCX
SMYIX	0.85		0.4	0.97	0.9	0.35	SMYIX
ANAGX	0.57	0.4		0.42	0.37	0.64	ANAGX
CNGLX	0.82	0.97	0.42		0.86	0.39	CNGLX
APDPX	0.95	0.9	0.37	0.86		0.25	APDPX
DSDYX	0.34	0.35	0.64	0.39	0.25		DSDYX
	LFLCX	SMYIX	ANAGX	CNGLX	APDPX	DSDYX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Extended 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 Extended'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
LFLCX	0.13	0.02	(0.11)	0.73	0.00	(0.18)	0.32	(0.32)	0.75
SMYIX	0.63	0.12	0.13	0.24	0.62	(0.69)	1.16	(1.16)	7.76
ANAGX	0.11	(0.01)	0.00	(0.37)	0.00	0.00	0.29	(0.29)	0.58
CNGLX	0.57	0.03	0.03	0.09	0.66	(0.62)	1.11	(1.19)	5.46
APDPX	0.10	0.07	0.11	(3.34)	0.00	(0.15)	0.28	(0.10)	0.82
DSDYX	0.09	(0.01)	0.00	(0.16)	0.00	0.00	0.20	(0.20)	0.59

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