Delaware Diversified Correlations

Mutual Funds . USA . 
Fund . Delaware Diversified Income
DPDFX Fund  USD 7.63  0.02  0.26%   
The current 90-days correlation between Delaware Diversified and Rbb Fund is -0.05 (i.e., Good diversification). The correlation of Delaware Diversified 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 Diversified Correlation With Market

Good diversification

The correlation between Delaware Diversified Income and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Diversified Income 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 Diversified Income. 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 census.

Moving together with Delaware Mutual Fund

  0.97OCFIX Optimum Fixed IncomePairCorr
  0.63CXHYX Delaware National HighPairCorr
  0.62FTORX First Investors TaxPairCorr
  0.64DLRHX Delaware HealthcarePairCorr
  0.68DMHIX Delaware Minnesota HighPairCorr
  0.62DMOCX Delaware Tax FreePairCorr
  0.64DMNIX Delaware Tax FreePairCorr
  0.61DMTFX Delaware Tax FreePairCorr
  0.68DMUSX Delaware Tax FreePairCorr
  0.82OIFIX Optimum Fixed IncomePairCorr
  0.84DPCFX Delaware DiversifiedPairCorr
  0.85DPFFX Delaware DiversifiedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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