Delaware Extended Correlations

Mutual Funds . USA . 
Fund . Delaware Extended Duration
DEEIX Fund  USD 14.26  0.01  0.07%   
The current 90-days correlation between Delaware Extended and M Large Cap is -0.01 (i.e., Good 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

Very weak diversification

The correlation between Delaware Extended Duration and DJI is 0.51 (i.e., Very 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 gross domestic product.

Moving together with Delaware Mutual Fund

  0.9OCFIX Optimum Fixed IncomePairCorr
  0.63DLTZX Delaware Limited TermPairCorr
  0.68DMHIX Delaware Minnesota HighPairCorr
  0.7DMNIX Delaware Tax FreePairCorr
  0.71OIFIX Optimum Fixed IncomePairCorr
  0.9DPFFX Delaware DiversifiedPairCorr
  0.63OISVX Optimum Small MidPairCorr
  0.72DPRSX Delaware ReitPairCorr
  0.72DPRRX Delaware ReitPairCorr
  0.91DPRFX Delaware DiversifiedPairCorr
  0.72DPRDX Real EstatePairCorr
  0.89DPZRX Delaware DiversifiedPairCorr
  0.69DTFIX Delaware Tax FreePairCorr
  0.64DTINX Delaware Limited TermPairCorr
  0.69DTIDX Delaware Tax FreePairCorr
  0.71DTNIX Delaware Tax FreePairCorr
  0.71DTPIX Delaware Tax FreePairCorr
  0.7DCOIX Delaware Tax FreePairCorr
  0.69DCTIX Delaware Tax FreePairCorr

Related Correlations Analysis


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.

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