Deutsche Science Correlations

KTCSX Fund

USD 37.40 0.14 0.38%

The current 90-days correlation between Deutsche Science And and Redwood Real Estate is -0.16 (i.e., Good diversification). The correlation of Deutsche Science 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 Science Correlation With Market

Very weak diversification

The correlation between Deutsche Science And and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Science And 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 Science And. 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 state.

Moving together with Deutsche Mutual Fund

0.73	VEEA	Veea Inc Symbol Change	Pair Corr
0.81	VISL	Vislink Technologies Earnings Call This Week	Pair Corr
0.66	YAAS	Youxin Technology	Pair Corr
0.62	ZENA	ZenaTech	Pair Corr
0.68	INGM	Ingram Micro Holding	Pair Corr
0.91	HPE-PC	Hewlett Packard Ente	Pair Corr
0.7	VEEAW	Veea Inc Symbol Change	Pair Corr
0.75	NOVA	Sunnova Energy Inter	Pair Corr
0.71	NXXT	NextNRG Symbol Change	Pair Corr
0.79	CORZZ	Core Scientific, Tranche	Pair Corr
0.79	SLNHP	Soluna Holdings Preferred	Pair Corr
0.75	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.66	RZLVW	Rezolve AI Limited	Pair Corr

Moving against Deutsche Mutual Fund

0.61	EMKR	EMCORE	Pair Corr
0.41	HCP	Hashicorp	Pair Corr
0.69	INFN	Infinera	Pair Corr
0.68	MTTR	Matterport	Pair Corr
0.65	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.47	HPAIW	Helport AI Limited	Pair Corr
0.39	LGTY	Logility Supply Chain Symbol Change	Pair Corr
0.69	GCGGX	Deutsche Gnma	Pair Corr
0.46	SRMCX	Deutsche Short Term	Pair Corr
0.44	SRMSX	Deutsche Short Term	Pair Corr
0.41	SRMAX	Deutsche Short Term	Pair Corr

Related Correlations Analysis

	CREMX	FREEX	REPIX	SEIRX	RRSCX	SAREX	ZRPTUX
CREMX		0.01	0.54	0.36	0.43	0.48	0.54	CREMX
FREEX	0.01		0.63	0.75	0.64	0.71	0.32	FREEX
REPIX	0.54	0.63		0.96	0.97	0.99	0.63	REPIX
SEIRX	0.36	0.75	0.96		0.94	0.98	0.57	SEIRX
RRSCX	0.43	0.64	0.97	0.94		0.95	0.6	RRSCX
SAREX	0.48	0.71	0.99	0.98	0.95		0.6	SAREX
ZRPTUX	0.54	0.32	0.63	0.57	0.6	0.6		ZRPTUX
	CREMX	FREEX	REPIX	SEIRX	RRSCX	SAREX	ZRPTUX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Science 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 Science'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CREMX	0.02	0.02	14.01	0.08	0.00	0.08
FREEX	0.99	(0.13)	(0.30)	1.62	(2.46)	7.05
REPIX	1.39	0.00	(0.07)	2.69	(2.92)	7.54
SEIRX	0.94	(0.04)	(0.12)	1.69	(2.42)	4.42
RRSCX	0.75	(0.02)	(0.09)	1.56	(1.56)	4.16
SAREX	0.92	(0.02)	(0.10)	1.64	(1.86)	4.54
ZRPTUX	0.08	(0.01)	(0.92)	0.15	(0.45)	0.98

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