Deutsche European Correlations

Mutual Funds . USA . 
Fund . Deutsche European Equity
DURSX Fund  USD 13.24  0.01  0.08%   
The current 90-days correlation between Deutsche European Equity and Morningstar Defensive Bond is 0.11 (i.e., Average diversification). The correlation of Deutsche European 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 European Correlation With Market

Very weak diversification

The correlation between Deutsche European Equity and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche European Equity 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 Deutsche European Equity. 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 state.

Moving together with Deutsche Mutual Fund

  0.67SRMAX Deutsche Short TermPairCorr
  0.67SRMCX Deutsche Short TermPairCorr
  0.87SRMSX Deutsche Short TermPairCorr
  0.93SCEMX Deutsche EnhancedPairCorr
  0.92SCINX Deutsche Croci InterPairCorr
  0.66SCHLX Deutsche Health AndPairCorr
  0.79SCMTX Deutsche IntermediatePairCorr
  0.96SCOBX Deutsche Global GrowthPairCorr
  0.73SCSBX Deutsche E PlusPairCorr

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 European 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 European'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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