Delaware National Correlations

Mutual Funds . USA . 
Fund . Delaware National High Yield
CXHYX Fund  USD 9.96  0.05  0.50%   
The current 90-days correlation between Delaware National High and Guidemark Large Cap is -0.02 (i.e., Good diversification). The correlation of Delaware National 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 National Correlation With Market

Average diversification

The correlation between Delaware National High Yield and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware National High Yield and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Delaware National High Yield. 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 manufacturing.

Moving together with Delaware Mutual Fund

  0.76IMAAX Ivy Apollo MultiPairCorr
  0.66OCFIX Optimum Fixed IncomePairCorr
  0.63OCIEX Optimum InternationalPairCorr
  0.94FTNYX Delaware Tax FreePairCorr
  0.92FTORX First Investors TaxPairCorr
  0.96FTOTX First Investors TaxPairCorr
  0.74DLHIX Delaware HealthcarePairCorr
  0.79DLHCX Delaware HealthcarePairCorr
  0.78DLRHX Delaware HealthcarePairCorr
  0.65DLTZX Delaware Limited TermPairCorr
  0.96DMHIX Delaware Minnesota HighPairCorr
  0.87DMOCX Delaware Tax FreePairCorr
  0.9DMNIX Delaware Tax FreePairCorr
  0.97DMTFX Delaware Tax FreePairCorr
  0.92DMUSX Delaware Tax FreePairCorr
  0.94VAZIX Delaware Tax FreePairCorr
  0.82IRSAX Ivy Advantus RealPairCorr
  0.62OIIEX Optimum InternationalPairCorr
  0.98VCTFX Delaware Tax FreePairCorr
  0.69DPCFX Delaware DiversifiedPairCorr
  0.7DPDFX Delaware DiversifiedPairCorr
  0.63DPFFX Delaware DiversifiedPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PCPAX
+ 0.94
DOXGX
CBLSX
+ 0.92
TALCX
DOXGX
+ 0.9
TACLX
CBLSX
+ 0.9
TACLX
TALCX
+ 0.9
LTFOX
CBLSX
+ 0.88
DOXGX
  
High negative correlations   
TALCX
- 0.04
CMIFX

Risk-Adjusted Indicators

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