Delaware Investments Correlations

VFL Stock

USD 10.85 0.09 0.82%

The current 90-days correlation between Delaware Investments and MFS Investment Grade is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Delaware Investments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delaware Investments Florida moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Delaware Investments Correlation With Market

Good diversification

The correlation between Delaware Investments Florida and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Investments Florida and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Delaware Investments Florida. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Delaware Stock

0.69

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Pair Corr

Moving against Delaware Stock

0.76	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.71	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.71	AB	AllianceBernstein	Pair Corr
0.7	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.68	BAM	Brookfield Asset Man	Pair Corr
0.68	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.67	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.65	CG	Carlyle Group	Pair Corr
0.65	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.65	AX	Axos Financial	Pair Corr
0.65	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.64	APO	Apollo Global Management	Pair Corr
0.64	UPST	Upstart Holdings Buyout Trend	Pair Corr
0.64	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.64	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.63	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.61	KKR	KKR Co LP	Pair Corr
0.59	MA	Mastercard	Pair Corr
0.59	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.58	V	Visa Class A	Pair Corr
0.57	AC	Associated Capital	Pair Corr
0.54	PYPL	PayPal Holdings	Pair Corr
0.54	L	Loews Corp	Pair Corr
0.49	BN	Brookfield Corp	Pair Corr
0.48	AXP	American Express Sell-off Trend	Pair Corr
0.42	PPYA	Papaya Growth Opportunity	Pair Corr
0.41	DHIL	Diamond Hill Investment	Pair Corr
0.38	ALLY	Ally Financial Fiscal Year End 17th of January 2025	Pair Corr
0.78	LC	LendingClub Corp	Pair Corr
0.71	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.67	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.66	CM	Canadian Imperial Bank Earnings Call Tomorrow	Pair Corr
0.66	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.62	WT	WisdomTree	Pair Corr
0.61	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.5	QD	Qudian Inc Trending	Pair Corr
0.46	MC	Moelis	Pair Corr

Related Correlations Analysis

	CXH	EOT	MVT	DTF	CXE	KTF	MQY	MUI	MUE	ECF
CXH		0.34	0.65	0.41	0.55	0.72	0.6	0.48	0.83	0.18	CXH
EOT	0.34		0.73	-0.11	0.76	-0.03	0.77	-0.03	0.3	-0.54	EOT
MVT	0.65	0.73		0.07	0.85	0.25	0.89	0.12	0.66	-0.44	MVT
DTF	0.41	-0.11	0.07		-0.08	0.63	-0.08	0.21	0.38	0.46	DTF
CXE	0.55	0.76	0.85	-0.08		0.27	0.94	0.18	0.53	-0.41	CXE
KTF	0.72	-0.03	0.25	0.63	0.27		0.31	0.6	0.59	0.59	KTF
MQY	0.6	0.77	0.89	-0.08	0.94	0.31		0.23	0.55	-0.4	MQY
MUI	0.48	-0.03	0.12	0.21	0.18	0.6	0.23		0.41	0.57	MUI
MUE	0.83	0.3	0.66	0.38	0.53	0.59	0.55	0.41		0.22	MUE
ECF	0.18	-0.54	-0.44	0.46	-0.41	0.59	-0.4	0.57	0.22		ECF
	CXH	EOT	MVT	DTF	CXE	KTF	MQY	MUI	MUE	ECF

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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

MQY	+ 0.94	CXE
MQY	+ 0.89	MVT
CXE	+ 0.85	MVT
MUE	+ 0.83	CXH
MQY	+ 0.77	EOT
CXE	+ 0.76	EOT

High negative correlations

ECF	- 0.54	EOT
ECF	- 0.44	MVT
ECF	- 0.41	CXE
ECF	- 0.4	MQY
DTF	- 0.11	EOT
MQY	- 0.08	DTF

Risk-Adjusted Indicators

There is a big difference between Delaware Stock performing well and Delaware Investments Company 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 Investments' 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
CXH	0.35	0.05	(0.14)	(0.20)	0.40	(0.39)	0.86	(0.74)	2.10
EOT	0.37	0.02	(0.18)	(0.61)	0.40	(0.43)	0.81	(0.87)	1.93
MVT	0.48	0.02	(0.13)	(0.49)	0.58	(0.54)	1.17	(1.09)	2.79
DTF	0.23	0.01	(0.31)	(0.15)	0.23	(0.28)	0.54	(0.36)	1.96
CXE	0.51	0.00	(0.15)	0.21	0.54	(0.69)	1.53	(1.02)	3.34
KTF	0.45	0.08	(0.05)	(2.09)	0.48	(0.53)	1.12	(0.61)	3.40
MQY	0.44	0.02	(0.13)	(3.29)	0.57	(0.46)	0.98	(1.07)	2.74
MUI	0.30	0.05	(0.08)	(2.42)	0.47	(0.33)	0.73	(0.64)	3.31
MUE	0.42	0.07	(0.06)	(3.72)	0.50	(0.44)	0.86	(0.77)	2.53
ECF	0.66	0.18	0.17	0.51	0.40	(0.77)	1.59	(1.26)	3.49

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