Delaware Strategic Correlations

DUGRX Fund

USD 7.62 0.01 0.13%

The current 90-days correlation between Delaware Strategic Income and Rbc Money Market is -0.1 (i.e., Good diversification). The correlation of Delaware Strategic 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 Strategic Correlation With Market

Very poor diversification

The correlation between Delaware Strategic Income and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Strategic Income 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 Strategic Income. 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

0.88	OASGX	Optimum Small Mid	Pair Corr
0.86	OASVX	Optimum Small Mid	Pair Corr
0.83	OCIEX	Optimum International	Pair Corr
0.89	OCLVX	Optimum Large Cap	Pair Corr
0.78	OCLGX	Optimum Large Cap	Pair Corr
0.89	OCSGX	Optimum Small Mid	Pair Corr
0.87	OCSVX	Optimum Small Mid	Pair Corr
0.9	DLHIX	Delaware Healthcare	Pair Corr
0.9	DLRHX	Delaware Healthcare	Pair Corr
0.94	DLTZX	Delaware Limited Term	Pair Corr
0.92	DLTRX	Delaware Limited Term	Pair Corr
0.84	DMHIX	Delaware Minnesota High	Pair Corr
0.8	DMNIX	Delaware Tax Free	Pair Corr
0.87	OIIEX	Optimum International	Pair Corr
0.89	OILVX	Optimum Large Cap	Pair Corr
0.86	OISGX	Optimum Small Mid	Pair Corr
0.87	OISVX	Optimum Small Mid	Pair Corr
0.85	DPRSX	Delaware Reit	Pair Corr
0.85	DPRRX	Delaware Reit	Pair Corr
0.84	DPRDX	Real Estate	Pair Corr
0.65	DPZRX	Delaware Diversified	Pair Corr
0.78	FICHX	First Investors Select	Pair Corr
0.86	FICGX	First Investors Select	Pair Corr
0.89	FIZRX	Delaware Opportunity	Pair Corr
0.92	DTINX	Delaware Limited Term	Pair Corr
0.63	DTIDX	Delaware Tax Free	Pair Corr
0.89	DCCIX	Delaware Small Cap	Pair Corr
0.89	DCCRX	Delaware Small Cap	Pair Corr
0.77	DCOIX	Delaware Tax Free	Pair Corr

Moving against Delaware Mutual Fund

0.85

DMO

Western Asset Mortgage

Pair Corr

Related Correlations Analysis

	PFCXX	QCMMIX	IVMXX	FMFXX	JRSXX	MODXX	PBMXX	0P000070L2
PFCXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFCXX
QCMMIX	0.0		0.0	0.0	0.0	0.0	0.0	0.96	QCMMIX
IVMXX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IVMXX
FMFXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FMFXX
JRSXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	JRSXX
MODXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MODXX
PBMXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PBMXX
0P000070L2	0.0	0.96	0.0	0.0	0.0	0.0	0.0		0P000070L2
	PFCXX	QCMMIX	IVMXX	FMFXX	JRSXX	MODXX	PBMXX	0P000070L2

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

0P000070L2	+ 0.96	QCMMIX
QCMMIX	+ 0.0	PFCXX
IVMXX	+ 0.0	PFCXX
FMFXX	+ 0.0	PFCXX
JRSXX	+ 0.0	PFCXX
MODXX	+ 0.0	PFCXX

High negative correlations

0P000070L2	- 0.0	PBMXX
0P000070L2	- 0.0	MODXX
PBMXX	- 0.0	MODXX
0P000070L2	- 0.0	JRSXX
PBMXX	- 0.0	JRSXX
MODXX	- 0.0	JRSXX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Strategic 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 Strategic'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	Treynor Ratio	Potential Upside	Maximum Drawdown
PFCXX	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.00	0.03	0.03
IVMXX	0.00	0.00	0.00	0.00
FMFXX	0.00	0.00	0.00	0.00
JRSXX	0.00	0.00	0.00	0.00
MODXX	0.00	0.00	0.00	0.00
PBMXX	0.00	0.00	0.00	0.00
0P000070L2	0.03	0.63	0.00	0.40

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