Delaware Minnesota Correlations

Mutual Funds . USA . 
Fund . Delaware Minnesota High Yield
DMHIX Fund  USD 10.05  0.01  0.1%   
The current 90-days correlation between Delaware Minnesota High and Teton Vertible Securities is 0.03 (i.e., Significant diversification). The correlation of Delaware Minnesota 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 Minnesota Correlation With Market

Poor diversification

The correlation between Delaware Minnesota High Yield and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Minnesota High Yield 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 Minnesota High Yield. 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

  0.65OASGX Optimum Small MidPairCorr
  0.77OASVX Optimum Small MidPairCorr
  0.72OCFIX Optimum Fixed IncomePairCorr
  0.87OCIEX Optimum InternationalPairCorr
  0.77OCLVX Optimum Large CapPairCorr
  0.65OCSGX Optimum Small MidPairCorr
  0.76OCSVX Optimum Small MidPairCorr
  0.84DLTZX Delaware Limited TermPairCorr
  0.89DLTRX Delaware Limited TermPairCorr
  0.99DMNIX Delaware Tax FreePairCorr
  0.87OIIEX Optimum InternationalPairCorr
  0.77OILVX Optimum Large CapPairCorr
  0.85DPFFX Delaware DiversifiedPairCorr
  0.61OISGX Optimum Small MidPairCorr
  0.82OISVX Optimum Small MidPairCorr
  0.88DPRSX Delaware ReitPairCorr
  0.88DPRRX Delaware ReitPairCorr
  0.7DPRFX Delaware DiversifiedPairCorr
  0.86DPZRX Delaware DiversifiedPairCorr
  0.63FICGX First Investors SelectPairCorr
  0.83FIZRX Delaware OpportunityPairCorr
  0.7DTFIX Delaware Tax FreePairCorr
  0.85DTINX Delaware Limited TermPairCorr
  0.91DTIDX Delaware Tax FreePairCorr
  0.77DTPIX Delaware Tax FreePairCorr
  0.81DCCIX Delaware Small CapPairCorr
  0.8DCCRX Delaware Small CapPairCorr
  0.9DCOIX Delaware Tax FreePairCorr
  0.8DUGRX Delaware Strategic IncomePairCorr
  0.83DUGIX Delaware Strategic IncomePairCorr

Moving against Delaware Mutual Fund

  0.38DMO Western Asset MortgagePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Minnesota 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 Minnesota'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.

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