Delaware Reit Correlations

Mutual Funds . USA . 
Fund . Delaware Reit Fund
DPRRX Fund  USD 12.85  0.01  0.08%   
The current 90-days correlation between Delaware Reit and Adams Diversified Equity is -0.13 (i.e., Good diversification). The correlation of Delaware Reit 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 Reit Correlation With Market

Very weak diversification

The correlation between Delaware Reit Fund and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Reit 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 Reit 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

  0.94OASGX Optimum Small MidPairCorr
  0.87OASVX Optimum Small MidPairCorr
  0.71OCFIX Optimum Fixed IncomePairCorr
  0.95WASAX Ivy Asset StrategyPairCorr
  0.91WSGAX Ivy Small CapPairCorr
  0.94OCIEX Optimum InternationalPairCorr
  0.94OCLVX Optimum Large CapPairCorr
  0.94OCSGX Optimum Small MidPairCorr
  0.87OCSVX Optimum Small MidPairCorr
  0.95WSTAX Ivy Science AndPairCorr
  0.94DMO Western Asset MortgagePairCorr
  0.86DLTZX Delaware Limited TermPairCorr
  0.87DLTRX Delaware Limited TermPairCorr
  0.95IPOAX Ivy Emerging MarketsPairCorr
  0.79IRSAX Ivy Advantus RealPairCorr
  0.75OIFIX Optimum Fixed IncomePairCorr
  0.95OIIEX Optimum InternationalPairCorr
  0.94OILGX Optimum Large CapPairCorr
  0.93OILVX Optimum Large CapPairCorr
  0.76DPCFX Delaware DiversifiedPairCorr
  0.79DPDFX Delaware DiversifiedPairCorr
  0.79DPFFX Delaware DiversifiedPairCorr
  0.95OISGX Optimum Small MidPairCorr
  0.89OISVX Optimum Small MidPairCorr

Moving against Delaware Mutual Fund

  0.46FTNYX Delaware Tax FreePairCorr
  0.53VAZIX 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 Reit 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 Reit'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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