Delaware Emerging Correlations

DEMRX Fund

USD 33.86 2.30 7.29%

The current 90-days correlation between Delaware Emerging Markets and Transamerica International Equity is 0.39 (i.e., Weak 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

Weak diversification

The correlation between Delaware Emerging Markets and DJI is 0.36 (i.e., Weak 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 population.

Moving together with Delaware Mutual Fund

0.69	OASGX	Optimum Small Mid	Pair Corr
0.63	OASVX	Optimum Small Mid	Pair Corr
0.71	OCIEX	Optimum International	Pair Corr
0.66	OCLVX	Optimum Large Cap	Pair Corr
0.67	OCLGX	Optimum Large Cap	Pair Corr
0.73	OIIEX	Optimum International	Pair Corr
0.72	OILVX	Optimum Large Cap	Pair Corr
0.61	OISGX	Optimum Small Mid	Pair Corr
0.63	DUGRX	Delaware Strategic Income	Pair Corr
0.62	DUGIX	Delaware Strategic Income	Pair Corr

Moving against Delaware Mutual Fund

0.56	DMO	Western Asset Mortgage	Pair Corr
0.32	FIZRX	Delaware Opportunity	Pair Corr

Related Correlations Analysis

	TRWIX	QLENX	CIESX	SMYIX	MSTFX	PAEIX	GSCYX
TRWIX		0.92	0.87	0.95	0.83	0.94	0.89	TRWIX
QLENX	0.92		0.75	0.91	0.74	0.83	0.88	QLENX
CIESX	0.87	0.75		0.89	0.94	0.87	0.72	CIESX
SMYIX	0.95	0.91	0.89		0.86	0.89	0.84	SMYIX
MSTFX	0.83	0.74	0.94	0.86		0.81	0.68	MSTFX
PAEIX	0.94	0.83	0.87	0.89	0.81		0.83	PAEIX
GSCYX	0.89	0.88	0.72	0.84	0.68	0.83		GSCYX
	TRWIX	QLENX	CIESX	SMYIX	MSTFX	PAEIX	GSCYX

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
TRWIX	0.65	0.12	0.13	0.24	0.59	(0.76)	1.33	(1.14)	4.54
QLENX	0.31	0.08	0.09	0.38	0.00	(0.38)	0.77	(0.39)	1.55
CIESX	0.67	0.12	0.09	0.52	0.57	(0.73)	1.27	(1.07)	5.87
SMYIX	0.62	0.10	0.09	0.21	0.65	(0.68)	1.25	(1.16)	6.98
MSTFX	0.78	0.19	0.15	0.62	0.63	(0.90)	1.12	(1.21)	15.62
PAEIX	0.61	0.04	0.03	0.12	0.72	(0.65)	1.29	(1.27)	2.96
GSCYX	1.06	0.15	0.14	0.19	0.96	(1.16)	2.01	(1.67)	13.07

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