Delaware Emerging Correlations

DEMCX Fund

USD 35.60 0.22 0.61%

The current 90-days correlation between Delaware Emerging Markets and Delaware Healthcare Fund is -0.09 (i.e., Good 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

Very poor diversification

The correlation between Delaware Emerging Markets and DJI is 0.81 (i.e., Very poor 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 services.

Moving together with Delaware Mutual Fund

0.81	WASAX	Ivy Asset Strategy	Pair Corr
0.68	WSGAX	Ivy Small Cap	Pair Corr
0.79	WSTAX	Ivy Science And	Pair Corr
0.65	CXHYX	Delaware National High	Pair Corr
0.72	WCEAX	Ivy E Equity	Pair Corr
0.75	FTNYX	Delaware Tax Free	Pair Corr
0.87	FTORX	First Investors Tax	Pair Corr
0.89	FTOTX	First Investors Tax	Pair Corr
0.64	DLHCX	Delaware Healthcare	Pair Corr
0.66	DLHAX	Delaware Healthcare	Pair Corr
0.95	IPOAX	Ivy Emerging Markets	Pair Corr
0.91	DMOCX	Delaware Tax Free	Pair Corr
0.63	DMTFX	Delaware Tax Free	Pair Corr
0.88	DMUSX	Delaware Tax Free	Pair Corr
0.7	IRSAX	Ivy Advantus Real	Pair Corr
0.88	VCTFX	Delaware Tax Free	Pair Corr
0.76	DPCFX	Delaware Diversified	Pair Corr
0.8	DPDFX	Delaware Diversified	Pair Corr
0.87	FGIPX	First Investors Growth	Pair Corr
0.95	FGINX	First Investors Growth	Pair Corr
0.81	WHIAX	Ivy High Income	Pair Corr
0.96	DPREX	Delaware Reit	Pair Corr
0.95	DPRCX	Delaware Reit	Pair Corr
0.76	DPTCX	Delaware Tax Free	Pair Corr
0.75	IBNAX	Ivy Balanced	Pair Corr
0.84	IVIAX	Ivy International	Pair Corr
0.78	IVINX	Ivy Global Growth	Pair Corr
0.92	FIUSX	First Investors Oppo	Pair Corr
0.73	IVOAX	Ivy Mid Cap	Pair Corr
0.7	IVSAX	Ivy Global Bond	Pair Corr
0.97	IEYAX	Ivy Energy Fund	Pair Corr
0.83	DTICX	Delaware Limited Term	Pair Corr
0.87	DTRIX	Delaware Limited Term	Pair Corr
0.84	DCCCX	Delaware Small Cap	Pair Corr
0.86	DCCAX	Delaware Small Cap	Pair Corr
0.88	DUGCX	Delaware Core Plus	Pair Corr
0.88	DUICX	Delaware Tax Free	Pair Corr
0.87	VIDAX	Delaware Tax Free	Pair Corr

Related Correlations Analysis

	WASAX	WSGAX	WSTAX	CXHYX	WCEAX	FTNYX	FTORX	FTOTX	DLHCX	DLHAX
WASAX		0.95	0.75	0.22	0.99	0.37	0.57	0.6	0.81	0.84	WASAX
WSGAX	0.95		0.64	0.12	0.96	0.25	0.44	0.48	0.8	0.82	WSGAX
WSTAX	0.75	0.64		0.37	0.7	0.39	0.55	0.58	0.64	0.68	WSTAX
CXHYX	0.22	0.12	0.37		0.13	0.95	0.9	0.89	0.05	0.06	CXHYX
WCEAX	0.99	0.96	0.7	0.13		0.26	0.47	0.51	0.8	0.83	WCEAX
FTNYX	0.37	0.25	0.39	0.95	0.26		0.96	0.95	0.19	0.2	FTNYX
FTORX	0.57	0.44	0.55	0.9	0.47	0.96		0.99	0.35	0.37	FTORX
FTOTX	0.6	0.48	0.58	0.89	0.51	0.95	0.99		0.42	0.42	FTOTX
DLHCX	0.81	0.8	0.64	0.05	0.8	0.19	0.35	0.42		0.96	DLHCX
DLHAX	0.84	0.82	0.68	0.06	0.83	0.2	0.37	0.42	0.96		DLHAX
	WASAX	WSGAX	WSTAX	CXHYX	WCEAX	FTNYX	FTORX	FTOTX	DLHCX	DLHAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WASAX	0.57	0.19	0.22	(2.80)	0.30	(0.66)	0.92	(1.08)	10.31
WSGAX	2.04	0.55	0.14	2.03	3.05	(2.77)	2.28	(1.90)	68.29
WSTAX	1.21	0.04	0.00	(0.63)	1.85	(1.10)	2.14	(3.27)	7.77
CXHYX	0.11	0.00	(0.16)	(0.09)	0.09	(0.20)	0.31	(0.31)	0.93
WCEAX	0.86	0.24	0.20	(2.00)	0.68	(0.97)	1.11	(1.46)	17.19
FTNYX	0.10	0.00	(0.15)	0.54	0.00	(0.18)	0.29	(0.19)	0.97
FTORX	0.09	0.01	(0.18)	1.42	0.00	(0.14)	0.25	(0.17)	0.82
FTOTX	0.09	0.01	(0.16)	2.69	0.00	(0.15)	0.25	(0.08)	0.83
DLHCX	0.89	0.22	0.28	0.38	0.46	(1.18)	2.08	(1.15)	9.05
DLHAX	0.94	0.24	0.25	1.98	0.58	(1.23)	2.06	(1.46)	10.20

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Delaware Emerging Correlations

Delaware Emerging Correlation With Market

Very poor diversification

Moving together with Delaware Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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