Delaware Emerging Correlations

DEMZX Fund

USD 31.54 0.08 0.25%

The current 90-days correlation between Delaware Emerging Markets and Optimum Small Mid Cap is 0.33 (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 0.37 (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 nation.

Moving together with Delaware Mutual Fund

0.72	DLRHX	Delaware Healthcare	Pair Corr
0.7	DLTZX	Delaware Limited Term	Pair Corr
0.75	DLTRX	Delaware Limited Term	Pair Corr
0.74	DMHIX	Delaware Minnesota High	Pair Corr
0.68	OILVX	Optimum Large Cap	Pair Corr
0.64	OISGX	Optimum Small Mid	Pair Corr
0.64	DTIDX	Delaware Tax Free	Pair Corr
0.62	DCCRX	Delaware Small Cap	Pair Corr
0.68	DCOIX	Delaware Tax Free	Pair Corr
0.71	DUGRX	Delaware Strategic Income	Pair Corr
0.75	DUGIX	Delaware Strategic Income	Pair Corr
0.74	DULTX	Delaware Investments	Pair Corr

Moving against Delaware Mutual Fund

0.5	DMO	Western Asset Mortgage	Pair Corr
0.36	DEERX	Delaware Extended	Pair Corr

Related Correlations Analysis

	OASGX	OASVX	FICHX	FICGX	OCFIX	OCIEX	OCLVX	OCLGX	OCSGX
OASGX		0.93	0.79	0.91	0.27	0.8	0.91	0.85	0.99	OASGX
OASVX	0.93		0.6	0.85	0.16	0.75	0.98	0.93	0.97	OASVX
FICHX	0.79	0.6		0.89	0.44	0.61	0.58	0.54	0.72	FICHX
FICGX	0.91	0.85	0.89		0.27	0.69	0.84	0.81	0.89	FICGX
OCFIX	0.27	0.16	0.44	0.27		0.23	0.17	0.1	0.24	OCFIX
OCIEX	0.8	0.75	0.61	0.69	0.23		0.73	0.66	0.79	OCIEX
OCLVX	0.91	0.98	0.58	0.84	0.17	0.73		0.94	0.96	OCLVX
OCLGX	0.85	0.93	0.54	0.81	0.1	0.66	0.94		0.91	OCLGX
OCSGX	0.99	0.97	0.72	0.89	0.24	0.79	0.96	0.91		OCSGX
	OASGX	OASVX	FICHX	FICGX	OCFIX	OCIEX	OCLVX	OCLGX	OCSGX

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
OASGX	1.11	0.01	0.03	0.06	1.22	(1.28)	2.13	(2.09)	7.11
OASVX	0.85	0.05	0.06	0.09	0.88	(1.00)	1.88	(1.47)	10.39
FICHX	0.67	0.03	(0.02)	0.58	0.89	(0.73)	1.36	(1.73)	3.92
FICGX	0.74	0.10	0.04	(15.57)	0.85	(0.86)	1.31	(1.71)	6.79
OCFIX	0.15	0.00	(0.25)	0.06	0.12	(0.19)	0.34	(0.34)	0.79
OCIEX	0.60	(0.03)	(0.04)	0.02	0.82	(0.61)	1.25	(1.27)	3.42
OCLVX	0.65	0.10	0.14	0.16	0.42	(0.85)	0.98	(0.97)	9.70
OCLGX	2.81	0.81	0.20	0.37	3.10	(3.59)	2.07	(2.27)	103.56
OCSGX	1.18	0.06	0.07	0.09	1.21	(1.38)	2.14	(2.05)	10.00

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