Delaware Tax-free Correlations

Mutual Funds . USA . 
Fund . Delaware Tax Free Usa
DMTFX Fund  USD 10.38  0.04  0.38%   
The current 90-days correlation between Delaware Tax Free and Rbc Ultra Short Fixed is 0.11 (i.e., Average diversification). The correlation of Delaware Tax-free 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 Tax-free Correlation With Market

Average diversification

The correlation between Delaware Tax Free Usa and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Tax Free Usa 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 Tax Free Usa. 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

  0.66IMAAX Ivy Apollo MultiPairCorr
  0.64OCFIX Optimum Fixed IncomePairCorr
  0.96CXHYX Delaware National HighPairCorr
  0.99FTNYX Delaware Tax FreePairCorr
  1.0FTORX First Investors TaxPairCorr
  0.99FTOTX First Investors TaxPairCorr
  0.61DLHIX Delaware HealthcarePairCorr
  0.62DLHCX Delaware HealthcarePairCorr
  0.62DLHAX Delaware HealthcarePairCorr
  0.66DLRHX Delaware HealthcarePairCorr
  0.99DMHIX Delaware Minnesota HighPairCorr
  0.9DMOCX Delaware Tax FreePairCorr
  1.0DMNIX Delaware Tax FreePairCorr
  0.97DMUSX Delaware Tax FreePairCorr
  0.91VAZIX Delaware Tax FreePairCorr
  0.81IRSAX Ivy Advantus RealPairCorr
  0.63OIFIX Optimum Fixed IncomePairCorr
  0.99VCTFX Delaware Tax FreePairCorr
  0.69DPCFX Delaware DiversifiedPairCorr
  0.68DPDFX Delaware DiversifiedPairCorr
  0.66DPFFX 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 Tax-free 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 Tax-free'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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