Delaware Emerging Correlations
DEMCX Fund | USD 24.10 0.36 1.52% |
The current 90-days correlation between Delaware Emerging Markets and Siit Large Cap is 0.08 (i.e., Significant 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
Weak diversification
The correlation between Delaware Emerging Markets and DJI is 0.38 (i.e., Weak 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.
Delaware |
Moving together with Delaware Mutual Fund
0.84 | VEMAX | Vanguard Emerging Markets | PairCorr |
0.84 | VEIEX | Vanguard Emerging Markets | PairCorr |
0.84 | VEMIX | Vanguard Emerging Markets | PairCorr |
0.84 | VEMRX | Vanguard Emerging Markets | PairCorr |
0.87 | FWWNX | American Funds New | PairCorr |
0.87 | FNFWX | American Funds New | PairCorr |
0.96 | NEWFX | New World Fund | PairCorr |
0.87 | NWFFX | New World Fund | PairCorr |
0.96 | NEWCX | New World Fund | PairCorr |
0.85 | ODVYX | Oppenheimer Developing | PairCorr |
0.87 | PFN | Pimco Income Strategy | PairCorr |
0.85 | CIF | Mfs Intermediate High | PairCorr |
0.87 | PCF | Putnam High Income | PairCorr |
0.64 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
0.63 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
0.61 | CAT | Caterpillar | PairCorr |
0.7 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
Moving against Delaware Mutual Fund
0.71 | XDSMX | Dreyfus Strategic | PairCorr |
0.68 | XNBHX | Neuberger Berman Int | PairCorr |
0.58 | XPPRX | Voya Prime Rate | PairCorr |
0.53 | XNXJX | Nuveen New Jersey | PairCorr |
0.7 | MCD | McDonalds | PairCorr |
0.58 | TRV | The Travelers Companies | PairCorr |
0.45 | HPQ | HP Inc | PairCorr |
0.4 | PG | Procter Gamble Earnings Call This Week | PairCorr |
0.37 | WMT | Walmart | PairCorr |
Related Correlations Analysis
0.99 | 0.98 | 0.99 | 0.97 | 0.99 | LCIAX | ||
0.99 | 0.98 | 0.98 | 0.97 | 0.98 | AMFFX | ||
0.98 | 0.98 | 0.98 | 0.98 | 0.99 | PTEZX | ||
0.99 | 0.98 | 0.98 | 0.96 | 0.97 | AMONX | ||
0.97 | 0.97 | 0.98 | 0.96 | 0.99 | GMLVX | ||
0.99 | 0.98 | 0.99 | 0.97 | 0.99 | PAXLX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
LCIAX | 0.62 | 0.33 | 0.06 | (1.30) | 0.34 | 2.06 | 4.96 | |||
AMFFX | 0.48 | 0.24 | (0.05) | (1.19) | 0.30 | 1.52 | 3.62 | |||
PTEZX | 0.62 | 0.10 | 0.14 | 0.34 | 0.00 | 2.11 | 5.32 | |||
AMONX | 0.71 | 0.37 | 0.09 | (1.34) | 0.35 | 2.22 | 4.88 | |||
GMLVX | 0.50 | 0.15 | 0.05 | 0.52 | 0.00 | 1.55 | 4.06 | |||
PAXLX | 0.58 | 0.15 | 0.18 | 0.41 | 0.00 | 2.02 | 4.81 |