Delaware Diversified Correlations

Mutual Funds USA . 
Fund . Delaware Diversified Income
DPDFX Fund  USD 7.68  0.02  0.26%   
The current 90-days correlation between Delaware Diversified and Global Technology Portfolio is -0.23 (i.e., Very good diversification). The correlation of Delaware Diversified 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 Diversified Correlation With Market

Good diversification

The correlation between Delaware Diversified Income and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Diversified 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 Diversified 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 census.

Moving together with Delaware Mutual Fund

  0.68IMAAX Ivy Apollo MultiPairCorr
  0.99OCFIX Optimum Fixed IncomePairCorr
  0.74CXHYX Delaware National HighPairCorr
  0.78FTNYX Delaware Tax FreePairCorr
  0.78FTORX First Investors TaxPairCorr
  0.78FTOTX First Investors TaxPairCorr
  0.7DLHIX Delaware HealthcarePairCorr
  0.7DLHCX Delaware HealthcarePairCorr
  0.7DLHAX Delaware HealthcarePairCorr
  0.7DLRHX Delaware HealthcarePairCorr
  0.61DLTZX Delaware Limited TermPairCorr
  0.63DLTRX Delaware Limited TermPairCorr
  0.72DMOCX Delaware Tax FreePairCorr
  0.63DMNIX Delaware Tax FreePairCorr
  0.83DMTFX Delaware Tax FreePairCorr
  0.76DMUSX Delaware Tax FreePairCorr
  0.65VAZIX Delaware Tax FreePairCorr
  0.99OIFIX Optimum Fixed IncomePairCorr
  0.76VCTFX Delaware Tax FreePairCorr
  1.0DPCFX Delaware DiversifiedPairCorr
  1.0DPFFX Delaware DiversifiedPairCorr

Moving against Delaware Mutual Fund

  0.73OCLGX Optimum Large CapPairCorr
  0.72WCEAX Ivy E EquityPairCorr
  0.71DMO Western Asset MortgagePairCorr
  0.66OASVX Optimum Small MidPairCorr
  0.66OCSVX Optimum Small MidPairCorr
  0.6WSTAX Ivy Science AndPairCorr
  0.58OCLVX Optimum Large CapPairCorr
  0.56OASGX Optimum Small MidPairCorr
  0.55OCSGX Optimum Small MidPairCorr
  0.45WSGAX Ivy Small CapPairCorr
  0.38WASAX Ivy Asset StrategyPairCorr
  0.74OILGX Optimum Large CapPairCorr
  0.71FGIPX First Investors GrowthPairCorr
  0.71FGINX First Investors GrowthPairCorr
  0.67OISVX Optimum Small MidPairCorr
  0.6OILVX Optimum Large CapPairCorr
  0.56OISGX Optimum Small MidPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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