Deutsche Global Correlations

Mutual Funds . USA . 
Fund . Deutsche Global Small
KGDAX Fund  USD 25.93  0.63  2.49%   
The current 90-days correlation between Deutsche Global Small and Nuveen Global Real is 0.46 (i.e., Very weak diversification). The correlation of Deutsche Global 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 Global Correlation With Market

Very weak diversification

The correlation between Deutsche Global Small and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Global Small 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 Global Small. 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 nation.

Moving together with Deutsche Mutual Fund

  0.82SSDZX Deutsche Small CapPairCorr
  0.82SSDAX Deutsche Small CapPairCorr
  0.82SSDIX Deutsche Small CapPairCorr
  0.82SSDSX Deutsche Small CapPairCorr
  0.65SSLCX Deutsche Small CapPairCorr
  0.76SCDGX Deutsche E EquityPairCorr
  0.73SCGSX Deutsche Capital GrowthPairCorr
  0.79SCQGX Deutsche Large CapPairCorr

Moving against Deutsche Mutual Fund

  0.61SCINX Deutsche Croci InterPairCorr
  0.57GCGGX Deutsche GnmaPairCorr
  0.53SRMCX Deutsche Short TermPairCorr
  0.49SRMSX Deutsche Short TermPairCorr
  0.46SRMAX Deutsche Short TermPairCorr
  0.42SCEMX Deutsche EnhancedPairCorr
  0.41KDHSX Deutsche Croci EquityPairCorr
  0.41KDHAX Deutsche Croci EquityPairCorr
  0.41KDHIX Deutsche Croci EquityPairCorr
  0.4KDHCX Deutsche Croci EquityPairCorr
  0.33KTRIX Deutsche Global IncomePairCorr
  0.33KTRSX Deutsche Global IncomePairCorr
  0.33KTRZX Deutsche Global IncomePairCorr
  0.32KTRCX Deutsche Global IncomePairCorr
  0.63SUIIX Deutsche Croci InterPairCorr
  0.63SUIRX Deutsche Croci InterPairCorr
  0.61SUIAX Deutsche Croci InterPairCorr
  0.61SUICX Deutsche Croci InterPairCorr
  0.6GGGGX Deutsche GnmaPairCorr
  0.5SCSBX Deutsche E PlusPairCorr
  0.39SCMTX Deutsche IntermediatePairCorr
  0.34SDCSX Deutsche California TaxPairCorr

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 Global 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 Global'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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