Deutsche Strategic Correlations

NOTAX Fund

USD 10.64 0.03 0.28%

The current 90-days correlation between Deutsche Strategic High and Great West Goldman Sachs is -0.02 (i.e., Good diversification). The correlation of Deutsche Strategic 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 Strategic Correlation With Market

Good diversification

The correlation between Deutsche Strategic High and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Strategic 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 Strategic 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 nation.

Moving together with Deutsche Mutual Fund

0.96	NHMAX	Nuveen High Yield	Pair Corr
0.99	NHCCX	Nuveen High Yield	Pair Corr
0.98	NHMRX	Nuveen High Yield	Pair Corr
0.98	NHMFX	Nuveen High Yield	Pair Corr
1.0	ABHFX	American High Income	Pair Corr
1.0	AHICX	American High Income	Pair Corr
1.0	AMHIX	American High Income	Pair Corr
0.99	GHYCX	Goldman Sachs High	Pair Corr
0.99	GHYAX	Goldman Sachs High	Pair Corr
0.99	ACTDX	Invesco High Yield	Pair Corr
0.86	WHIYX	Ivy High Income	Pair Corr
0.87	IVHIX	Ivy High Income	Pair Corr
0.87	IHIFX	Ivy High Income	Pair Corr
0.86	WRHIX	Ivy High Income	Pair Corr
0.86	WHIAX	Ivy High Income	Pair Corr

Related Correlations Analysis

	MXKJX	IOGYX	GMAMX	VGSBX	GLDAX	QGLDX	SPPIX	UNWPX
MXKJX		-0.3	-0.13	0.21	-0.32	-0.39	0.32	-0.45	MXKJX
IOGYX	-0.3		-0.16	0.55	0.99	0.81	-0.99	0.87	IOGYX
GMAMX	-0.13	-0.16		0.01	-0.12	0.05	0.19	-0.12	GMAMX
VGSBX	0.21	0.55	0.01		0.5	0.17	-0.49	0.16	VGSBX
GLDAX	-0.32	0.99	-0.12	0.5		0.83	-0.99	0.89	GLDAX
QGLDX	-0.39	0.81	0.05	0.17	0.83		-0.79	0.87	QGLDX
SPPIX	0.32	-0.99	0.19	-0.49	-0.99	-0.79		-0.88	SPPIX
UNWPX	-0.45	0.87	-0.12	0.16	0.89	0.87	-0.88		UNWPX
	MXKJX	IOGYX	GMAMX	VGSBX	GLDAX	QGLDX	SPPIX	UNWPX

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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

GLDAX	+ 0.99	IOGYX
UNWPX	+ 0.89	GLDAX
UNWPX	+ 0.87	IOGYX
UNWPX	+ 0.87	QGLDX
QGLDX	+ 0.83	GLDAX
QGLDX	+ 0.81	IOGYX

High negative correlations

SPPIX	- 0.99	GLDAX
SPPIX	- 0.99	IOGYX
UNWPX	- 0.88	SPPIX
SPPIX	- 0.79	QGLDX
SPPIX	- 0.49	VGSBX
UNWPX	- 0.45	MXKJX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Strategic 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 Strategic'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
MXKJX	0.97	0.01	0.00	0.03	2.42	(1.18)	1.42	(1.64)	26.05
IOGYX	1.32	(0.18)	0.00	(1.01)	0.00	0.00	2.61	(2.81)	8.99
GMAMX	0.42	0.01	(0.01)	(0.03)	0.98	(0.48)	0.70	(0.49)	10.21
VGSBX	0.25	(0.03)	0.00	(1.33)	0.00	0.00	0.43	(0.54)	1.83
GLDAX	1.29	(0.19)	0.00	(1.46)	0.00	0.00	2.57	(2.88)	8.37
QGLDX	0.85	0.00	(0.02)	(0.21)	1.30	(0.76)	1.37	(1.99)	4.89
SPPIX	1.50	0.25	0.11	(1.05)	1.65	(1.60)	3.25	(2.77)	10.57
UNWPX	1.23	(0.15)	0.00	(0.66)	0.00	0.00	2.60	(2.50)	6.71

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