Delaware Emerging Correlations

Mutual Funds . USA . 
Fund . Delaware Emerging Markets
DEMCX Fund  USD 24.10  0.36  1.52%   
The current 90-days correlation between Delaware Emerging Markets and Alternative Asset Allocation is 0.26 (i.e., Modest diversification). The correlation of Delaware Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Delaware Emerging Markets and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Emerging Markets 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 Emerging Markets. 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 main economic indicators.

Moving together with Delaware Mutual Fund

  0.94OASGX Optimum Small MidPairCorr
  0.91OASVX Optimum Small MidPairCorr
  0.76OCFIX Optimum Fixed IncomePairCorr
  0.95WASAX Ivy Asset StrategyPairCorr
  0.9WSGAX Ivy Small CapPairCorr
  0.92OCIEX Optimum InternationalPairCorr
  0.94OCLVX Optimum Large CapPairCorr
  0.93OCLGX Optimum Large CapPairCorr
  0.94OCSGX Optimum Small MidPairCorr
  0.91OCSVX Optimum Small MidPairCorr
  0.96WSTAX Ivy Science AndPairCorr
  0.88DMO Western Asset MortgagePairCorr
  0.95WCEAX Ivy E EquityPairCorr
  0.9DLTZX Delaware Limited TermPairCorr
  0.9DLTRX Delaware Limited TermPairCorr
  0.96IPOAX Ivy Emerging MarketsPairCorr
  0.67IRSAX Ivy Advantus RealPairCorr
  0.8OIFIX Optimum Fixed IncomePairCorr
  0.92OIIEX Optimum InternationalPairCorr
  0.93OILGX Optimum Large CapPairCorr
  0.94OILVX Optimum Large CapPairCorr
  0.81DPCFX Delaware DiversifiedPairCorr
  0.83DPDFX Delaware DiversifiedPairCorr
  0.84DPFFX Delaware DiversifiedPairCorr

Moving against Delaware Mutual Fund

  0.4FTNYX Delaware Tax FreePairCorr
  0.52VAZIX Delaware Tax FreePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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