Deutsche European Correlations

Mutual Funds . USA . 
Fund . Deutsche European Equity
DURSX Fund  USD 13.46  0.03  0.22%   
The current 90-days correlation between Deutsche European Equity and Vanguard Health Care is -0.06 (i.e., Good 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 0.51 (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

  0.87GCGGX Deutsche GnmaPairCorr
  0.87SRMAX Deutsche Short TermPairCorr
  0.89SRMCX Deutsche Short TermPairCorr
  0.87SRMSX Deutsche Short TermPairCorr
  0.62KDHCX Deutsche Croci EquityPairCorr
  0.65KDHAX Deutsche Croci EquityPairCorr
  0.65KDHIX Deutsche Croci EquityPairCorr
  0.9SCEMX Deutsche EnhancedPairCorr
  0.96SCINX Deutsche Croci InterPairCorr
  0.77SCHLX Deutsche Health AndPairCorr
  0.71SCMTX Deutsche IntermediatePairCorr
  0.92SCOBX Deutsche Global GrowthPairCorr
  0.89SCSBX Deutsche E PlusPairCorr
  0.96SUIAX Deutsche Croci InterPairCorr
  0.96SUICX Deutsche Croci InterPairCorr
  0.96SUIIX Deutsche Croci InterPairCorr
  0.77SUHAX Deutsche Health AndPairCorr
  0.77SUHIX Deutsche Health AndPairCorr

Moving against Deutsche Mutual Fund

  0.51SSDAX Deutsche Small CapPairCorr
  0.51SSDIX Deutsche Small CapPairCorr
  0.51SSDSX Deutsche Small CapPairCorr
  0.5SSDZX Deutsche Small CapPairCorr
  0.47KTCCX Deutsche Science AndPairCorr
  0.46KTCAX Deutsche Science AndPairCorr
  0.46KTCIX Deutsche Science AndPairCorr
  0.46KTCSX Deutsche Science AndPairCorr
  0.32SCDGX Deutsche E EquityPairCorr
  0.34SDGCX Deutsche Capital GrowthPairCorr
  0.33SUWAX Deutsche E EquityPairCorr
  0.33SDGAX Deutsche Capital GrowthPairCorr
  0.32SCGSX Deutsche Capital GrowthPairCorr
  0.32SUWZX Deutsche E EquityPairCorr

Related Correlations Analysis

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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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