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 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.
  
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

  0.84VEMAX Vanguard Emerging MarketsPairCorr
  0.84VEIEX Vanguard Emerging MarketsPairCorr
  0.84VEMIX Vanguard Emerging MarketsPairCorr
  0.84VEMRX Vanguard Emerging MarketsPairCorr
  0.87FWWNX American Funds NewPairCorr
  0.87FNFWX American Funds NewPairCorr
  0.96NEWFX New World FundPairCorr
  0.87NWFFX New World FundPairCorr
  0.96NEWCX New World FundPairCorr
  0.85ODVYX Oppenheimer DevelopingPairCorr
  0.87PFN Pimco Income StrategyPairCorr
  0.85CIF Mfs Intermediate HighPairCorr
  0.87PCF Putnam High IncomePairCorr
  0.64XOM Exxon Mobil Corp Earnings Call This WeekPairCorr
  0.63JPM JPMorgan Chase Sell-off TrendPairCorr
  0.61CAT CaterpillarPairCorr
  0.7CVX Chevron Corp Earnings Call This WeekPairCorr

Moving against Delaware Mutual Fund

  0.71XDSMX Dreyfus StrategicPairCorr
  0.68XNBHX Neuberger Berman IntPairCorr
  0.58XPPRX Voya Prime RatePairCorr
  0.53XNXJX Nuveen New JerseyPairCorr
  0.7MCD McDonaldsPairCorr
  0.58TRV The Travelers CompaniesPairCorr
  0.45HPQ HP IncPairCorr
  0.4PG Procter Gamble Earnings Call This WeekPairCorr
  0.37WMT WalmartPairCorr

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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