Delaware Dividend Correlations

Mutual Funds USA . 
Fund . Delaware Dividend Incme
DDIAX Fund  USD 16.06  0.03  0.19%   
The current 90-days correlation between Delaware Dividend Incme and Ashmore Emerging Markets is 0.42 (i.e., Very weak diversification). The correlation of Delaware Dividend 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 Dividend Correlation With Market

Very poor diversification

The correlation between Delaware Dividend Incme 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 Dividend Incme 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 Dividend Incme. 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

  0.93OASGX Optimum Small MidPairCorr
  0.91OCFIX Optimum Fixed IncomePairCorr
  0.98WASAX Ivy Asset StrategyPairCorr
  0.92WSGAX Ivy Small CapPairCorr
  0.81OCIEX Optimum InternationalPairCorr
  0.86OCLVX Optimum Large CapPairCorr
  0.93OCLGX Optimum Large CapPairCorr
  0.93OCSGX Optimum Small MidPairCorr
  0.93WSTAX Ivy Science AndPairCorr
  0.79DMO Western Asset MortgagePairCorr
  0.9CXHYX Delaware National HighPairCorr
  0.95WCEAX Ivy E EquityPairCorr
  0.9FTNYX Delaware Tax FreePairCorr
  0.91FTORX First Investors TaxPairCorr
  0.9FTOTX First Investors TaxPairCorr
  0.89DLHIX Delaware HealthcarePairCorr
  0.89DLHCX Delaware HealthcarePairCorr
  0.89DLHAX Delaware HealthcarePairCorr
  0.89DLRHX Delaware HealthcarePairCorr
  0.87DLTZX Delaware Limited TermPairCorr
  0.87DLTRX Delaware Limited TermPairCorr
  0.91IPOAX Ivy Emerging MarketsPairCorr
  0.91DMHIX Delaware Minnesota HighPairCorr
  0.91DMOCX Delaware Tax FreePairCorr
  0.91DMNIX Delaware Tax FreePairCorr
  0.9DMTFX Delaware Tax FreePairCorr
  0.91DMUSX Delaware Tax FreePairCorr
  0.84IRSAX Ivy Advantus RealPairCorr
  0.92OIFIX Optimum Fixed IncomePairCorr
  0.83OIIEX Optimum InternationalPairCorr
  0.93OILGX Optimum Large CapPairCorr
  0.89OILVX Optimum Large CapPairCorr
  0.91VCTFX Delaware Tax FreePairCorr
  0.89DPCFX Delaware DiversifiedPairCorr
  0.9DPDFX Delaware DiversifiedPairCorr
  0.9DPFFX Delaware DiversifiedPairCorr
  0.93OISGX Optimum Small MidPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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