Delaware Reit Correlations

Mutual Funds . USA . 
Fund . Delaware Reit Fund
DPRCX Fund  USD 12.50  0.03  0.24%   
The current 90-days correlation between Delaware Reit and Jp Morgan Smartretirement is 0.6 (i.e., Poor diversification). The correlation of Delaware Reit 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 Reit Correlation With Market

Weak diversification

The correlation between Delaware Reit Fund and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Reit 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 Reit 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 main economic indicators.

Moving together with Delaware Mutual Fund

  0.96IMAAX Ivy Apollo MultiPairCorr
  0.76OCFIX Optimum Fixed IncomePairCorr
  0.73OCIEX Optimum InternationalPairCorr
  0.66CXHYX Delaware National HighPairCorr
  0.65FTNYX Delaware Tax FreePairCorr
  0.67FTORX First Investors TaxPairCorr
  0.66FTOTX First Investors TaxPairCorr
  0.63DLTRX Delaware Limited TermPairCorr
  0.62DMOCX Delaware Tax FreePairCorr
  0.68DMTFX Delaware Tax FreePairCorr
  0.68DMUSX Delaware Tax FreePairCorr
  0.76OIFIX Optimum Fixed IncomePairCorr
  0.72OIIEX Optimum InternationalPairCorr
  0.63VCTFX Delaware Tax FreePairCorr
  0.75DPCFX Delaware DiversifiedPairCorr
  0.74DPDFX Delaware DiversifiedPairCorr
  0.75DPFFX Delaware DiversifiedPairCorr

Moving against Delaware Mutual Fund

  0.33OASVX Optimum Small MidPairCorr
  0.33OCLGX Optimum Large CapPairCorr
  0.32OCSVX Optimum Small MidPairCorr
  0.32DMO Western Asset MortgagePairCorr
  0.39FGIPX First Investors GrowthPairCorr
  0.38FGINX First Investors GrowthPairCorr
  0.34OILGX Optimum Large CapPairCorr
  0.33OISVX Optimum Small MidPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
URFRX
+ 0.99
JTSQX
FHRVX
+ 0.89
EXBAX
JLMOX
+ 0.86
FHRVX
JLMOX
+ 0.85
URFRX
JLMOX
+ 0.78
JTSQX
MODRX
+ 0.76
EXBAX
  
High negative correlations   
MODRX
- 0.09
JTSQX

Risk-Adjusted Indicators

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