Delaware Emerging Correlations

DEMIX Fund

USD 31.52 0.08 0.25%

The current 90-days correlation between Delaware Emerging Markets and Fbanjx is 0.03 (i.e., Significant 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

Average diversification

The correlation between Delaware Emerging Markets and DJI is 0.15 (i.e., Average 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 gross domestic product.

Moving together with Delaware Mutual Fund

0.72	DLRHX	Delaware Healthcare	Pair Corr
0.71	DLTZX	Delaware Limited Term	Pair Corr
0.73	DLTRX	Delaware Limited Term	Pair Corr
0.77	DMHIX	Delaware Minnesota High	Pair Corr
0.72	FICHX	First Investors Select	Pair Corr
0.75	FICGX	First Investors Select	Pair Corr
0.66	DTIDX	Delaware Tax Free	Pair Corr
0.7	DCOIX	Delaware Tax Free	Pair Corr
0.71	DUGRX	Delaware Strategic Income	Pair Corr
0.74	DUGIX	Delaware Strategic Income	Pair Corr
0.76	DULTX	Delaware Investments	Pair Corr

Moving against Delaware Mutual Fund

0.32

FIZRX

Delaware Opportunity

Pair Corr

Related Correlations Analysis

	FBANJX	FABWX	WABMSX	LOGBX	PMEGX	AUUIX	LMUSX
FBANJX		0.92	0.81	0.59	0.54	0.75	0.82	FBANJX
FABWX	0.92		0.82	0.54	0.63	0.88	0.91	FABWX
WABMSX	0.81	0.82		0.53	0.57	0.77	0.8	WABMSX
LOGBX	0.59	0.54	0.53		0.71	0.71	0.62	LOGBX
PMEGX	0.54	0.63	0.57	0.71		0.8	0.85	PMEGX
AUUIX	0.75	0.88	0.77	0.71	0.8		0.93	AUUIX
LMUSX	0.82	0.91	0.8	0.62	0.85	0.93		LMUSX
	FBANJX	FABWX	WABMSX	LOGBX	PMEGX	AUUIX	LMUSX

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
FBANJX	0.48	(0.01)	(0.03)	0.04	0.67	(0.48)	0.96	(1.05)	2.76
FABWX	0.66	0.03	0.02	0.08	0.93	(0.66)	1.22	(1.48)	4.04
WABMSX	0.54	0.04	(0.01)	0.47	0.80	(0.53)	1.05	(1.39)	3.37
LOGBX	0.48	0.00	(0.05)	0.05	0.65	(0.52)	0.80	(0.94)	5.36
PMEGX	1.08	0.39	0.40	0.87	0.31	(1.34)	1.23	(1.24)	26.94
AUUIX	0.59	0.08	0.09	0.13	0.56	(0.63)	1.23	(0.99)	7.96
LMUSX	0.62	0.04	0.04	0.11	0.79	(0.61)	1.56	(1.35)	4.05

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