Delaware Investments Correlations

VFL Stock

USD 10.19 0.07 0.68%

The current 90-days correlation between Delaware Investments and MFS Investment Grade is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Delaware Investments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delaware Investments Florida moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Delaware Investments Correlation With Market

Good diversification

The correlation between Delaware Investments Florida and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Investments Florida and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Delaware Investments Florida. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Delaware Stock

0.79	V	Visa Class A Sell-off Trend	Pair Corr
0.69	MA	Mastercard	Pair Corr
0.62	SNFCA	Security National Earnings Call Today	Pair Corr
0.77	BBDC	Barings BDC	Pair Corr
0.85	COOP	Mr Cooper Group	Pair Corr
0.74	BK	Bank of New York Sell-off Trend	Pair Corr

Moving against Delaware Stock

0.6	WD	Walker Dunlop	Pair Corr
0.48	ORGN	Origin Materials	Pair Corr
0.33	SYF	Synchrony Financial	Pair Corr
0.59	PYPL	PayPal Holdings	Pair Corr
0.53	BITF	Bitfarms	Pair Corr
0.52	DHIL	Diamond Hill Investment	Pair Corr
0.44	CODI	Compass Diversified	Pair Corr
0.38	AX	Axos Financial	Pair Corr
0.49	LC	LendingClub Corp	Pair Corr
0.44	EG	Everest Group	Pair Corr
0.4	KB	KB Financial Group	Pair Corr
0.36	BX	Blackstone Group	Pair Corr
0.36	CM	Canadian Imperial Bank	Pair Corr
0.35	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	CXH	EOT	MVT	DTF	CXE	KTF	MQY	MUI	MUE	ECF
CXH		0.77	0.92	0.83	0.84	0.75	0.82	-0.45	0.84	0.03	CXH
EOT	0.77		0.77	0.73	0.92	0.87	0.83	-0.43	0.77	0.01	EOT
MVT	0.92	0.77		0.84	0.8	0.74	0.86	-0.43	0.92	0.21	MVT
DTF	0.83	0.73	0.84		0.77	0.67	0.78	-0.46	0.8	0.07	DTF
CXE	0.84	0.92	0.8	0.77		0.88	0.83	-0.47	0.77	-0.02	CXE
KTF	0.75	0.87	0.74	0.67	0.88		0.83	-0.47	0.76	0.13	KTF
MQY	0.82	0.83	0.86	0.78	0.83	0.83		-0.55	0.9	0.04	MQY
MUI	-0.45	-0.43	-0.43	-0.46	-0.47	-0.47	-0.55		-0.41	0.13	MUI
MUE	0.84	0.77	0.92	0.8	0.77	0.76	0.9	-0.41		0.32	MUE
ECF	0.03	0.01	0.21	0.07	-0.02	0.13	0.04	0.13	0.32		ECF
	CXH	EOT	MVT	DTF	CXE	KTF	MQY	MUI	MUE	ECF

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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

MVT	+ 0.92	CXH
CXE	+ 0.92	EOT
MUE	+ 0.92	MVT
MUE	+ 0.9	MQY
KTF	+ 0.88	CXE
KTF	+ 0.87	EOT

High negative correlations

MUI	- 0.55	MQY
MUI	- 0.47	KTF
MUI	- 0.47	CXE
MUI	- 0.46	DTF
MUI	- 0.45	CXH
MUI	- 0.43	MVT

Risk-Adjusted Indicators

There is a big difference between Delaware Stock performing well and Delaware Investments Company 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 Investments' 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
CXH	0.38	(0.01)	(0.01)	(0.08)	0.55	(0.37)	0.76	(0.98)	2.37
EOT	0.47	(0.02)	0.00	0.35	0.00	0.00	1.01	(1.28)	2.87
MVT	0.52	0.01	0.01	0.03	0.63	(0.62)	0.95	(1.15)	3.47
DTF	0.31	0.01	0.03	0.31	0.45	(0.33)	0.72	(0.62)	1.64
CXE	0.58	(0.01)	(0.01)	0.06	0.72	(0.62)	0.82	(1.08)	4.08
KTF	0.35	(0.03)	0.00	0.45	0.00	0.00	0.75	(0.95)	2.76
MQY	0.49	(0.03)	0.00	(0.17)	0.00	0.00	1.04	(0.85)	2.85
MUI	0.46	(0.03)	0.00	0.21	0.00	0.00	0.73	(1.40)	3.95
MUE	0.57	(0.03)	0.00	(0.13)	0.00	0.00	1.22	(1.25)	3.56
ECF	0.74	(0.04)	0.00	0.45	0.00	0.00	1.46	(1.78)	4.33

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