Delaware Healthcare Correlations

DLRHX Fund

USD 27.01 0.32 1.20%

The current 90-days correlation between Delaware Healthcare and Pace Smallmedium Value is 0.61 (i.e., Poor diversification). The correlation of Delaware Healthcare 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 Healthcare Correlation With Market

Poor diversification

The correlation between Delaware Healthcare Fund and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Healthcare Fund 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 Healthcare Fund. 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 rate.

Moving together with Delaware Mutual Fund

0.72	OCFIX	Optimum Fixed Income	Pair Corr
1.0	DLHIX	Delaware Healthcare	Pair Corr
1.0	DLHCX	Delaware Healthcare	Pair Corr
1.0	DLHAX	Delaware Healthcare	Pair Corr
0.7	OIFIX	Optimum Fixed Income	Pair Corr
0.7	DPCFX	Delaware Diversified	Pair Corr
0.67	DPFFX	Delaware Diversified	Pair Corr

Moving against Delaware Mutual Fund

0.66	OASVX	Optimum Small Mid	Pair Corr
0.65	OCLGX	Optimum Large Cap	Pair Corr
0.65	OCSVX	Optimum Small Mid	Pair Corr
0.65	WCEAX	Ivy E Equity	Pair Corr
0.54	OCLVX	Optimum Large Cap	Pair Corr
0.54	DMO	Western Asset Mortgage	Pair Corr
0.52	OASGX	Optimum Small Mid	Pair Corr
0.51	OCSGX	Optimum Small Mid	Pair Corr
0.49	WSTAX	Ivy Science And	Pair Corr
0.33	WSGAX	Ivy Small Cap	Pair Corr
0.65	OILGX	Optimum Large Cap	Pair Corr
0.57	OILVX	Optimum Large Cap	Pair Corr
0.52	OISGX	Optimum Small Mid	Pair Corr

Related Correlations Analysis

	PCSVX	ABYSX	LRSOX	CVVRX	HRVIX	FISVX	MAVKX	LRSFX
PCSVX		0.98	0.92	0.98	0.95	0.94	0.93	0.92	PCSVX
ABYSX	0.98		0.96	0.99	0.97	0.97	0.96	0.96	ABYSX
LRSOX	0.92	0.96		0.96	0.98	0.98	0.98	1.0	LRSOX
CVVRX	0.98	0.99	0.96		0.98	0.98	0.97	0.96	CVVRX
HRVIX	0.95	0.97	0.98	0.98		0.99	0.99	0.98	HRVIX
FISVX	0.94	0.97	0.98	0.98	0.99		0.99	0.98	FISVX
MAVKX	0.93	0.96	0.98	0.97	0.99	0.99		0.98	MAVKX
LRSFX	0.92	0.96	1.0	0.96	0.98	0.98	0.98		LRSFX
	PCSVX	ABYSX	LRSOX	CVVRX	HRVIX	FISVX	MAVKX	LRSFX

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Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Healthcare 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 Healthcare'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
PCSVX	0.79	0.00	0.04	0.12	0.66	(0.97)	1.94	(1.27)	5.70
ABYSX	0.82	(0.02)	0.02	0.10	0.82	(1.00)	1.94	(1.80)	5.95
LRSOX	0.93	(0.02)	0.04	0.11	0.83	(1.12)	2.14	(1.46)	7.26
CVVRX	0.91	0.01	0.06	0.13	0.74	(1.11)	2.21	(1.42)	6.23
HRVIX	0.86	(0.03)	0.03	0.10	0.73	(0.98)	1.83	(1.41)	7.46
FISVX	0.95	(0.03)	0.03	0.10	0.85	(1.06)	2.00	(1.67)	8.12
MAVKX	0.90	0.00	0.06	0.12	0.74	(1.02)	2.07	(1.39)	7.83
LRSFX	0.93	(0.02)	0.04	0.11	0.83	(1.12)	2.15	(1.41)	7.23

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