Deutsche Gnma Correlations

Mutual Funds . USA . 
Fund . Deutsche Gnma Fund
GIGGX Fund  USD 11.48  0.01  0.09%   
The current 90-days correlation between Deutsche Gnma and Multi Manager High Yield is 0.08 (i.e., Significant diversification). The correlation of Deutsche Gnma 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 Gnma Correlation With Market

Average diversification

The correlation between Deutsche Gnma Fund and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Gnma Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Deutsche Gnma 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 price.

Moving together with Deutsche Mutual Fund

  0.99GCGGX Deutsche GnmaPairCorr
  0.63KTCCX Deutsche Science AndPairCorr
  0.76KTCAX Deutsche Science AndPairCorr
  0.77KTCIX Deutsche Science AndPairCorr
  0.76KTCSX Deutsche Science AndPairCorr
  0.69KTRAX Deutsche Global IncomePairCorr
  0.68KTRCX Deutsche Global IncomePairCorr
  0.69KTRIX Deutsche Global IncomePairCorr
  0.82NOTCX Deutsche Strategic HighPairCorr
  0.8NOTAX Deutsche Strategic HighPairCorr
  0.79NOTIX Deutsche Strategic HighPairCorr
  0.69KTRSX Deutsche Global IncomePairCorr
  0.69KTRZX Deutsche Global IncomePairCorr
  0.7SSDZX Deutsche Small CapPairCorr
  0.71SSDAX Deutsche Small CapPairCorr
  0.71SSDCX Deutsche Small CapPairCorr
  0.7SSDIX Deutsche Small CapPairCorr
  0.7SSDSX Deutsche Small CapPairCorr
  0.65SSLCX Deutsche Small CapPairCorr
  0.83KCTCX Deutsche California TaxPairCorr
  0.82KCTAX Deutsche California TaxPairCorr
  0.67KDHSX Deutsche Croci EquityPairCorr
  0.67KDHCX Deutsche Croci EquityPairCorr
  0.67KDHAX Deutsche Croci EquityPairCorr
  0.67KDHIX Deutsche Croci EquityPairCorr
  0.75SCDGX Deutsche E EquityPairCorr
  0.62SCINX Deutsche Croci InterPairCorr
  0.75SCGSX Deutsche Capital GrowthPairCorr
  0.82SCMAX Deutsche MassachusettsPairCorr
  0.79SCMBX Deutsche Managed MunPairCorr
  0.78SCMTX Deutsche IntermediatePairCorr
  0.81SCOBX Deutsche Global GrowthPairCorr
  0.78SCQGX Deutsche Large CapPairCorr
  0.8SCPIX Deutsche Sp 500PairCorr
  0.99SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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