Delaware Limited-term Correlations

DLTZX Fund

USD 7.88 0.01 0.13%

The current 90-days correlation between Delaware Limited Term and Delaware Dividend Incm is 0.12 (i.e., Average diversification). The correlation of Delaware Limited-term 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 Limited-term Correlation With Market

Good diversification

The correlation between Delaware Limited Term Diversif and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Limited Term Diversif 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 Limited Term Diversified. 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 nation.

Moving together with Delaware Mutual Fund

0.69	CXHYX	Delaware National High	Pair Corr
0.69	FTNYX	Delaware Tax Free	Pair Corr
0.7	FTORX	First Investors Tax	Pair Corr
0.72	FTOTX	First Investors Tax	Pair Corr
0.93	DLTRX	Delaware Limited Term	Pair Corr
0.74	DMHIX	Delaware Minnesota High	Pair Corr
0.72	DMOCX	Delaware Tax Free	Pair Corr
0.74	DMNIX	Delaware Tax Free	Pair Corr
0.68	DMTFX	Delaware Tax Free	Pair Corr
0.69	DMUSX	Delaware Tax Free	Pair Corr
0.69	VAZIX	Delaware Tax Free	Pair Corr
0.69	VCTFX	Delaware Tax Free	Pair Corr
0.61	DPDFX	Delaware Diversified	Pair Corr
0.62	DPFFX	Delaware Diversified	Pair Corr

Related Correlations Analysis

	XDDFX	XDEWX	DHIRX	DHOIX	DHOCX	DHOAX	XVCFX	XVFLX	XDWIX
XDDFX		0.48	-0.25	0.17	-0.27	-0.25	0.0	0.04	0.22	XDDFX
XDEWX	0.48		0.19	-0.17	0.18	0.19	0.0	-0.41	0.06	XDEWX
DHIRX	-0.25	0.19		-0.79	0.94	1.0	0.0	0.0	-0.01	DHIRX
DHOIX	0.17	-0.17	-0.79		-0.69	-0.79	0.0	-0.01	0.01	DHOIX
DHOCX	-0.27	0.18	0.94	-0.69		0.94	0.0	0.0	-0.01	DHOCX
DHOAX	-0.25	0.19	1.0	-0.79	0.94		0.0	0.0	-0.01	DHOAX
XVCFX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	XVCFX
XVFLX	0.04	-0.41	0.0	-0.01	0.0	0.0	0.0		-0.08	XVFLX
XDWIX	0.22	0.06	-0.01	0.01	-0.01	-0.01	0.0	-0.08		XDWIX
	XDDFX	XDEWX	DHIRX	DHOIX	DHOCX	DHOAX	XVCFX	XVFLX	XDWIX

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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

DHOAX	+ 1.0	DHIRX
DHOCX	+ 0.94	DHIRX
DHOAX	+ 0.94	DHOCX
XDEWX	+ 0.48	XDDFX
XDWIX	+ 0.22	XDDFX
DHIRX	+ 0.19	XDEWX

High negative correlations

DHOAX	- 0.79	DHOIX
DHOIX	- 0.79	DHIRX
DHOCX	- 0.69	DHOIX
XVFLX	- 0.41	XDEWX
DHOCX	- 0.27	XDDFX
DHOAX	- 0.25	XDDFX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Limited-term 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 Limited-term'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
XDDFX	0.71	(0.12)	0.00	1.19	0.00	0.00	1.26	(1.86)	4.60
XDEWX	0.51	0.02	(0.11)	(0.07)	0.68	(0.64)	1.25	(1.03)	4.81
DHIRX	0.03	0.00	0.00	0.19	0.00	0.00	0.00	0.00	0.59
DHOIX	1.30	(0.61)	0.00	1.25	0.00	0.00	0.00	0.00	43.48
DHOCX	0.02	(0.01)	0.00	3.44	0.00	0.00	0.00	0.00	0.59
DHOAX	0.03	0.00	0.00	0.18	0.00	0.00	0.00	0.00	0.59
XVCFX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XVFLX	0.32	0.02	(0.16)	0.02	0.58	(0.36)	0.67	(0.82)	3.44
XDWIX	0.97	(0.33)	0.00	3.34	0.00	0.00	1.37	(8.29)	8.29

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