Delaware Strategic Correlations

Mutual Funds . USA . 
Fund . Delaware Strategic Income
DEGGX Fund  USD 7.59  0.01  0.13%   
The current 90-days correlation between Delaware Strategic Income and Small Cap Value Fund is -0.05 (i.e., Good diversification). The correlation of Delaware Strategic 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 Strategic Correlation With Market

Almost no diversification

The correlation between Delaware Strategic Income and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Strategic Income 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 Strategic Income. 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 price.

Moving together with Delaware Mutual Fund

  0.88WASAX Ivy Asset StrategyPairCorr
  0.83WSGAX Ivy Small CapPairCorr
  0.62WSTAX Ivy Science AndPairCorr
  0.86WCEAX Ivy E EquityPairCorr
  0.89DLHAX Delaware HealthcarePairCorr
  0.85IPOAX Ivy Emerging MarketsPairCorr
  0.71DMOCX Delaware Tax FreePairCorr
  0.79IRSAX Ivy Advantus RealPairCorr
  0.68VCTFX Delaware Tax FreePairCorr
  0.61DPCFX Delaware DiversifiedPairCorr
  0.72DPDFX Delaware DiversifiedPairCorr
  0.9FGIPX First Investors GrowthPairCorr
  0.9FGINX First Investors GrowthPairCorr
  0.94WHIAX Ivy High IncomePairCorr
  0.89IVIAX Ivy InternationalPairCorr
  0.89FIUSX First Investors OppoPairCorr
  0.91IVOAX Ivy Mid CapPairCorr
  0.86IEYAX Ivy Energy FundPairCorr
  0.94DTICX Delaware Limited TermPairCorr
  0.82WLGAX Ivy Large CapPairCorr
  0.94DTRIX Delaware Limited TermPairCorr
  0.91DCCCX Delaware Small CapPairCorr
  0.92DCCAX Delaware Small CapPairCorr
  1.0DUGCX Delaware Core PlusPairCorr
  0.89WMGAX Ivy Mid CapPairCorr
  0.87IGNAX Ivy Natural ResourcesPairCorr
  0.91DDIAX Delaware Dividend IncmePairCorr
  0.91DDICX Delaware Wealth BuilderPairCorr
  0.86DDVAX Delaware ValuePairCorr
  0.74DVMMX Delaware Minnesota HighPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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