Deutsche Equity Correlations

Mutual Funds . USA . 
Fund . Deutsche Equity 500
BTIRX Fund  USD 189.59  0.56  0.29%   
The current 90-days correlation between Deutsche Equity 500 and Putnman Retirement Ready is 0.15 (i.e., Average diversification). The correlation of Deutsche Equity 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.

Deutsche Equity Correlation With Market

Very poor diversification

The correlation between Deutsche Equity 500 and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Equity 500 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 Deutsche Equity 500. 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 Deutsche Mutual Fund

  0.98KTCAX Deutsche Science AndPairCorr
  0.97SCPIX Deutsche Sp 500PairCorr
  0.97BTIEX Deutsche Equity 500PairCorr
  0.97SUWIX Deutsche E EquityPairCorr
  0.99SDGAX Deutsche Capital GrowthPairCorr
  0.99SDGCX Deutsche Capital GrowthPairCorr
  0.92TISHX Deutsche MunicationsPairCorr
  0.94KGDCX Deutsche Global SmallPairCorr
  0.95SZCIX Deutsche Small CapPairCorr
  0.64PPLSX Deutsche Multi AssetPairCorr
  0.92FLICX Deutsche MunicationsPairCorr
  0.93SNPTX Dws Equity SectorPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.99ELFNX Elfun Trusts ElfunPairCorr
  0.83ACP Aberdeen Income CreditPairCorr

Moving against Deutsche Mutual Fund

  0.71SCHLX Deutsche Health AndPairCorr
  0.71GGGGX Deutsche GnmaPairCorr
  0.64DURSX Deutsche European EquityPairCorr
  0.6RRGRX Deutsche Global RealPairCorr
  0.49SUIRX Deutsche Croci InterPairCorr
  0.84JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.77MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.63PFHCX Pacific Funds SmallPairCorr
  0.49NHS Neuberger Berman HighPairCorr
  0.34BA Boeing Buyout TrendPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Equity 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 Deutsche Equity'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY