Deutsche Global Correlations

Mutual Funds . USA . 
Fund . Deutsche Global High
MGHYX Fund  USD 6.17  0.01  0.16%   
The current 90-days correlation between Deutsche Global High and Dreyfusstandish Global Fixed is 0.24 (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

Average diversification

The correlation between Deutsche Global High and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Global High 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 High. 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 manufacturing.

Moving together with Deutsche Mutual Fund

  0.66GCGGX Deutsche GnmaPairCorr
  0.89SRMAX Deutsche Short TermPairCorr
  0.87SRMCX Deutsche Short TermPairCorr
  0.89SRMSX Deutsche Short TermPairCorr
  0.78KTRAX Deutsche Global IncomePairCorr
  0.75KTRCX Deutsche Global IncomePairCorr
  0.79KTRIX Deutsche Global IncomePairCorr
  0.82NOTCX Deutsche Strategic HighPairCorr
  0.84NOTAX Deutsche Strategic HighPairCorr
  0.85NOTIX Deutsche Strategic HighPairCorr
  0.78KTRSX Deutsche Global IncomePairCorr
  0.76KCTCX Deutsche California TaxPairCorr
  0.77KCTAX Deutsche California TaxPairCorr
  0.75KDHSX Deutsche Croci EquityPairCorr
  0.73KDHCX Deutsche Croci EquityPairCorr
  0.74KDHAX Deutsche Croci EquityPairCorr
  0.75KDHIX Deutsche Croci EquityPairCorr
  0.87SCEMX Deutsche EnhancedPairCorr
  0.67SCINX Deutsche Croci InterPairCorr
  0.77SCHLX Deutsche Health AndPairCorr
  0.78SCMAX Deutsche MassachusettsPairCorr
  0.8SCMBX Deutsche Managed MunPairCorr
  0.91SCMTX Deutsche IntermediatePairCorr
  0.84SCOBX Deutsche Global GrowthPairCorr
  0.74SCSBX 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 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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