Delaware Enhanced Correlations
| DEXDelisted Fund | USD 8.78 0.00 0.00% |
The current 90-days correlation between Delaware Enhanced Global and First Trust Energy is -0.01 (i.e., Good diversification). The correlation of Delaware Enhanced 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 Enhanced Correlation With Market
Modest diversification
The correlation between Delaware Enhanced Global and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Enhanced Global and DJI in the same portfolio, assuming nothing else is changed.
Delaware |
Moving against Delaware Fund
| 0.56 | MQY | Blackrock Muniyield | PairCorr |
| 0.55 | MUI | Blackrock Muni Inter | PairCorr |
| 0.49 | VVR | Invesco Senior Income | PairCorr |
| 0.39 | HTY | John Hancock Tax | PairCorr |
| 0.38 | ARTFX | Artisan High Income | PairCorr |
| 0.35 | EGRSX | Eaton Vance Global | PairCorr |
| 0.58 | PFPNX | Pimco Capital Sec | PairCorr |
| 0.55 | PFNNX | Pimco Preferred And | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Delaware Fund performing well and Delaware Enhanced 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 Enhanced'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AWP | 1.08 | (0.19) | 0.00 | (0.27) | 0.00 | 2.07 | 8.14 | |||
| AOD | 0.51 | (0.05) | 0.00 | (0.09) | 0.00 | 0.93 | 3.01 | |||
| AFB | 0.54 | (0.09) | 0.00 | (21.77) | 0.00 | 0.90 | 2.93 | |||
| FIF | 0.98 | 0.09 | 0.05 | (1.03) | 1.17 | 2.11 | 5.78 | |||
| ASGI | 0.66 | (0.14) | 0.00 | (0.92) | 0.00 | 1.43 | 4.69 | |||
| AGD | 0.52 | (0.04) | 0.00 | (0.06) | 0.00 | 0.89 | 2.78 | |||
| SPE | 0.65 | 0.10 | 0.10 | 0.23 | 0.69 | 1.49 | 4.78 | |||
| MGU | 4.83 | (1.00) | 0.00 | 0.57 | 0.00 | 11.11 | 103.31 | |||
| LGI | 0.76 | (0.10) | 0.00 | (0.16) | 0.00 | 1.59 | 4.16 | |||
| MFD | 0.59 | 0.23 | 0.23 | (1.93) | 0.51 | 1.57 | 3.39 |
View Delaware Enhanced Related Equities
| Risk & Return | Correlation |
Still Interested in Delaware Enhanced Global?
Investing in delisted delisted funds can be risky, as the fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.