Deutsche Global Correlations

KGDIX Fund

USD 30.39 1.88 5.83%

The current 90-days correlation between Deutsche Global Small and Origin Emerging Markets is 0.26 (i.e., Modest 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

Significant diversification

The correlation between Deutsche Global Small and DJI is 0.04 (i.e., Significant 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 gross domestic product.

Moving together with Deutsche Mutual Fund

0.7	KTCAX	Deutsche Science And	Pair Corr
0.76	KTCIX	Deutsche Science And	Pair Corr
0.76	KTCSX	Deutsche Science And	Pair Corr
0.93	SSDZX	Deutsche Small Cap	Pair Corr
0.84	SSDAX	Deutsche Small Cap	Pair Corr
0.82	SSDCX	Deutsche Small Cap	Pair Corr
0.85	SSDIX	Deutsche Small Cap	Pair Corr
0.93	SSDSX	Deutsche Small Cap	Pair Corr
0.85	SSLCX	Deutsche Small Cap	Pair Corr
0.76	KDHSX	Deutsche Croci Equity	Pair Corr
0.65	KDHCX	Deutsche Croci Equity	Pair Corr
0.76	KDHAX	Deutsche Croci Equity	Pair Corr
0.65	KDHIX	Deutsche Croci Equity	Pair Corr
0.88	SCDGX	Deutsche E Equity	Pair Corr
0.7	SCEMX	Deutsche Enhanced	Pair Corr
0.8	SCGSX	Deutsche Capital Growth	Pair Corr
0.79	SCQGX	Deutsche Large Cap	Pair Corr
0.86	SCPIX	Deutsche Sp 500	Pair Corr

Related Correlations Analysis

	POEIX	EMSLX	SMQFX	QLENX	CDHIX	LOTCX	REMVX
POEIX		0.67	0.73	-0.43	0.43	-0.06	0.75	POEIX
EMSLX	0.67		0.9	-0.66	0.69	-0.27	0.9	EMSLX
SMQFX	0.73	0.9		-0.38	0.82	-0.18	0.97	SMQFX
QLENX	-0.43	-0.66	-0.38		-0.25	0.2	-0.48	QLENX
CDHIX	0.43	0.69	0.82	-0.25		0.05	0.82	CDHIX
LOTCX	-0.06	-0.27	-0.18	0.2	0.05		-0.18	LOTCX
REMVX	0.75	0.9	0.97	-0.48	0.82	-0.18		REMVX
	POEIX	EMSLX	SMQFX	QLENX	CDHIX	LOTCX	REMVX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

REMVX	+ 0.97	SMQFX
SMQFX	+ 0.9	EMSLX
REMVX	+ 0.9	EMSLX
CDHIX	+ 0.82	SMQFX
REMVX	+ 0.82	CDHIX
REMVX	+ 0.75	POEIX

High negative correlations

QLENX	- 0.66	EMSLX
REMVX	- 0.48	QLENX
QLENX	- 0.43	POEIX
QLENX	- 0.38	SMQFX
LOTCX	- 0.27	EMSLX
CDHIX	- 0.25	QLENX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
POEIX	0.69	0.04	0.01	0.98	0.75	(0.84)	1.53	(1.23)	5.70
EMSLX	0.75	(0.06)	0.00	(0.60)	0.00	0.00	1.76	(1.44)	6.36
SMQFX	0.58	(0.06)	0.00	(1.75)	0.00	0.00	1.10	(1.33)	5.63
QLENX	0.49	(0.03)	0.00	(0.03)	0.00	0.00	0.76	(1.08)	8.74
CDHIX	0.64	(0.15)	0.00	(0.34)	0.00	0.00	1.06	(1.34)	5.46
LOTCX	0.61	(0.02)	0.00	3.34	0.00	0.00	1.01	(1.50)	3.31
REMVX	0.93	(0.10)	0.00	1.03	0.00	0.00	1.40	(2.04)	9.14

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