Delaware Strategic Correlations
| DUGRX Fund | USD 7.62 0.01 0.13% |
The current 90-days correlation between Delaware Strategic Income and Dunham Real Estate is -0.04 (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
Significant diversification
The correlation between Delaware Strategic Income and DJI is 0.06 (i.e., Significant 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.
Delaware |
Moving together with Delaware Mutual Fund
| 0.61 | OASGX | Optimum Small Mid | PairCorr |
| 0.87 | DLHIX | Delaware Healthcare | PairCorr |
| 0.88 | DLRHX | Delaware Healthcare | PairCorr |
| 0.8 | DLTZX | Delaware Limited Term | PairCorr |
| 0.76 | DLTRX | Delaware Limited Term | PairCorr |
| 0.62 | OIIEX | Optimum International | PairCorr |
| 0.76 | OISGX | Optimum Small Mid | PairCorr |
| 0.71 | DPRSX | Delaware Reit | PairCorr |
| 0.71 | DPRRX | Delaware Reit | PairCorr |
| 0.72 | DPRDX | Real Estate | PairCorr |
| 0.8 | FICHX | First Investors Select | PairCorr |
| 0.81 | DTINX | Delaware Limited Term | PairCorr |
Moving against Delaware Mutual Fund
| 0.67 | DMO | Western Asset Mortgage | PairCorr |
| 0.55 | OCFIX | Optimum Fixed Income | PairCorr |
| 0.5 | OCLGX | Optimum Large Cap | PairCorr |
| 0.44 | OILGX | Optimum Large Cap | PairCorr |
| 0.38 | DDVIX | Delaware Value | PairCorr |
| 0.38 | DDVRX | Delaware Value | PairCorr |
| 0.38 | DDZRX | Delaware Value | PairCorr |
Related Correlations Analysis
| 0.89 | 0.0 | 0.88 | 0.9 | 0.7 | 0.46 | DNREX | ||
| 0.89 | 0.0 | 0.93 | 0.91 | 0.73 | 0.6 | VREQX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | NMMRF | ||
| 0.88 | 0.93 | 0.0 | 0.86 | 0.72 | 0.5 | TIREX | ||
| 0.9 | 0.91 | 0.0 | 0.86 | 0.72 | 0.5 | CREYX | ||
| 0.7 | 0.73 | 0.0 | 0.72 | 0.72 | 0.8 | FREAX | ||
| 0.46 | 0.6 | 0.0 | 0.5 | 0.5 | 0.8 | JYEBX | ||
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
| High negative correlations
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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 | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DNREX | 0.53 | (0.08) | 0.00 | (0.09) | 0.00 | 1.08 | 3.13 | |||
| VREQX | 0.58 | (0.07) | 0.00 | (0.09) | 0.00 | 1.08 | 3.72 | |||
| NMMRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TIREX | 0.56 | (0.06) | 0.00 | (0.07) | 0.00 | 1.01 | 3.63 | |||
| CREYX | 0.63 | (0.05) | 0.00 | (0.02) | 0.00 | 1.07 | 3.89 | |||
| FREAX | 0.58 | (0.02) | (0.09) | (0.03) | 0.78 | 1.04 | 3.78 | |||
| JYEBX | 0.59 | (0.03) | 0.00 | (0.08) | 0.00 | 1.00 | 3.48 |