Deutsche Croci Correlations

KDHIX Fund

USD 54.82 0.10 0.18%

The current 90-days correlation between Deutsche Croci Equity and Victory Cemp Market is 0.07 (i.e., Significant diversification). The correlation of Deutsche Croci 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 Croci Correlation With Market

Significant diversification

The correlation between Deutsche Croci Equity and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Croci Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Deutsche Croci 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 gross domestic product.

Moving together with Deutsche Mutual Fund

0.78	KTRAX	Deutsche Global Income	Pair Corr
0.77	KTRCX	Deutsche Global Income	Pair Corr
0.84	KDHCX	Deutsche Croci Equity	Pair Corr
1.0	KDHAX	Deutsche Croci Equity	Pair Corr
0.69	SCHLX	Deutsche Health And	Pair Corr
0.67	SCOBX	Deutsche Global Growth	Pair Corr

Related Correlations Analysis

	CBHAX	APDOX	FEMDX	CDHIX	FWOKX	EPASX	TEOJX
CBHAX		0.6	0.61	0.71	0.61	0.77	0.81	CBHAX
APDOX	0.6		0.98	0.92	0.87	0.76	0.78	APDOX
FEMDX	0.61	0.98		0.94	0.87	0.78	0.81	FEMDX
CDHIX	0.71	0.92	0.94		0.88	0.9	0.91	CDHIX
FWOKX	0.61	0.87	0.87	0.88		0.79	0.78	FWOKX
EPASX	0.77	0.76	0.78	0.9	0.79		0.97	EPASX
TEOJX	0.81	0.78	0.81	0.91	0.78	0.97		TEOJX
	CBHAX	APDOX	FEMDX	CDHIX	FWOKX	EPASX	TEOJX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CBHAX	0.18	0.03	0.26	(0.40)	0.00	(0.25)	0.36	(0.36)	1.17
APDOX	0.16	0.04	0.23	1.46	0.04	(0.18)	0.30	(0.29)	1.07
FEMDX	0.15	0.04	0.36	0.49	0.00	(0.21)	0.42	(0.25)	1.11
CDHIX	0.68	0.14	0.16	0.20	0.74	(0.73)	1.44	(1.24)	4.90
FWOKX	0.73	0.12	0.14	(25.28)	0.92	(0.76)	1.38	(1.16)	6.10
EPASX	0.53	0.05	0.11	0.21	0.61	(0.60)	1.02	(1.17)	3.67
TEOJX	0.80	0.11	0.13	0.29	0.89	(0.92)	1.54	(1.53)	5.83

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Deutsche Croci Correlations

Deutsche Croci Correlation With Market

Significant diversification

Moving together with Deutsche Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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