Delaware Value Correlations

Mutual Funds . USA . 
Fund . Delaware Value Fund
DDVRX Fund  USD 14.01  0.02  0.14%   
The current 90-days correlation between Delaware Value and Bbh Intermediate Municipal is 0.09 (i.e., Significant diversification). The correlation of Delaware Value 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 Value Correlation With Market

Very poor diversification

The correlation between Delaware Value Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Value Fund 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 Value Fund. 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 metropolitan statistical area.

Moving together with Delaware Mutual Fund

  0.99OASVX Optimum Small MidPairCorr
  0.68IMAAX Ivy Apollo MultiPairCorr
  0.98WASAX Ivy Asset StrategyPairCorr
  0.99OCLVX Optimum Large CapPairCorr
  0.98OCLGX Optimum Large CapPairCorr
  0.99OCSVX Optimum Small MidPairCorr
  0.89DMO Western Asset MortgagePairCorr
  0.8DLTZX Delaware Limited TermPairCorr
  0.8DLTRX Delaware Limited TermPairCorr
  0.99OISVX Optimum Small MidPairCorr
  0.95WHIAX Ivy High IncomePairCorr
  0.93DPREX Delaware ReitPairCorr
  0.97IEYAX Ivy Energy FundPairCorr
  0.89DULTX Delaware InvestmentsPairCorr
  0.92IGNAX Ivy Natural ResourcesPairCorr
  1.0DDVIX Delaware ValuePairCorr
  0.9DEDCX Delaware Emerging MarketsPairCorr
  0.91DEMCX Delaware Emerging MarketsPairCorr
  0.98VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.98VIVAX Vanguard Value IndexPairCorr
  0.98DXQLX Direxion Monthly NasdaqPairCorr
  0.98RYVLX Nasdaq 100 2xPairCorr
  0.98RYVYX Nasdaq 100 2xPairCorr
  0.98UOPIX Ultra Nasdaq 100PairCorr
  0.98RYCCX Nasdaq 100 2xPairCorr
  0.98UOPSX Ultranasdaq 100 ProfundPairCorr
  0.97INPIX Internet UltrasectorPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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