Deutsche Munications Correlations

FLICX Fund

USD 38.67 0.33 0.85%

The current 90-days correlation between Deutsche Munications and Fidelity Advisor Diversified is 0.11 (i.e., Average diversification). The correlation of Deutsche Munications 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 Munications Correlation With Market

Average diversification

The correlation between Deutsche Munications Fund and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Munications Fund 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 Munications Fund. 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 main economic indicators.

Moving together with Deutsche Mutual Fund

0.65	KTCCX	Deutsche Science And	Pair Corr
0.65	KTCAX	Deutsche Science And	Pair Corr
0.65	KTCIX	Deutsche Science And	Pair Corr
0.65	KTCSX	Deutsche Science And	Pair Corr
0.73	KTRAX	Deutsche Global Income	Pair Corr
0.75	KTRCX	Deutsche Global Income	Pair Corr
0.77	SSLCX	Deutsche Small Cap	Pair Corr
0.69	SCDGX	Deutsche E Equity	Pair Corr
0.74	SCGSX	Deutsche Capital Growth	Pair Corr
0.66	SCQGX	Deutsche Large Cap	Pair Corr
0.76	SCPIX	Deutsche Sp 500	Pair Corr
0.76	BTIEX	Deutsche Equity 500	Pair Corr

Related Correlations Analysis

	FZABX	DLTZX	CDBCX	MBLAX	MDVSX	LIGFX	DIFIX	XWDIX
FZABX		0.76	0.78	0.72	0.52	0.72	0.89	0.64	FZABX
DLTZX	0.76		0.89	0.38	0.07	0.31	0.85	0.69	DLTZX
CDBCX	0.78	0.89		0.57	0.21	0.45	0.95	0.77	CDBCX
MBLAX	0.72	0.38	0.57		0.87	0.9	0.74	0.62	MBLAX
MDVSX	0.52	0.07	0.21	0.87		0.92	0.44	0.33	MDVSX
LIGFX	0.72	0.31	0.45	0.9	0.92		0.65	0.52	LIGFX
DIFIX	0.89	0.85	0.95	0.74	0.44	0.65		0.8	DIFIX
XWDIX	0.64	0.69	0.77	0.62	0.33	0.52	0.8		XWDIX
	FZABX	DLTZX	CDBCX	MBLAX	MDVSX	LIGFX	DIFIX	XWDIX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Munications 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 Munications' 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
FZABX	0.75	0.12	0.11	0.18	0.94	(0.75)	1.45	(1.19)	6.16
DLTZX	0.09	0.01	0.07	(0.45)	0.00	(0.18)	0.26	(0.13)	0.64
CDBCX	0.24	0.02	0.07	0.50	0.17	(0.30)	0.56	(0.44)	1.34
MBLAX	0.26	0.01	0.01	0.02	0.27	(0.29)	0.47	(0.47)	1.34
MDVSX	0.63	0.03	0.03	0.04	0.78	(0.69)	1.33	(1.41)	3.79
LIGFX	0.31	0.01	0.02	0.03	0.33	(0.34)	0.55	(0.55)	1.75
DIFIX	0.27	0.03	0.07	0.11	0.23	(0.34)	0.58	(0.41)	1.51
XWDIX	0.18	(0.01)	(0.03)	0.08	0.30	(0.17)	0.33	(0.46)	1.59

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Deutsche Munications Correlations

Deutsche Munications Correlation With Market

Average diversification

Moving together with Deutsche Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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