Deutsche Strategic Correlations

NOTCX Fund

USD 10.65 0.03 0.28%

The current 90-days correlation between Deutsche Strategic High and Issachar Fund Class is 0.19 (i.e., Average 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 -0.06 (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 main economic indicators.

Moving together with Deutsche Mutual Fund

0.94	NHMAX	Nuveen High Yield	Pair Corr
0.99	NHCCX	Nuveen High Yield	Pair Corr
0.97	NHMRX	Nuveen High Yield	Pair Corr
0.97	NHMFX	Nuveen High Yield	Pair Corr
0.99	ABHFX	American High Income	Pair Corr
1.0	AHICX	American High Income	Pair Corr
0.99	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
0.87	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
0.87	WHIAX	Ivy High Income	Pair Corr
0.61	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Moving against Deutsche Mutual Fund

0.31

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Related Correlations Analysis

	LIOTX	LMUSX	SMYIX	TACLX	LFLCX	TAAKX	MSTGX
LIOTX		0.87	0.85	0.64	0.79	0.73	0.85	LIOTX
LMUSX	0.87		0.98	0.74	0.82	0.82	0.84	LMUSX
SMYIX	0.85	0.98		0.79	0.88	0.84	0.9	SMYIX
TACLX	0.64	0.74	0.79		0.7	0.76	0.85	TACLX
LFLCX	0.79	0.82	0.88	0.7		0.78	0.92	LFLCX
TAAKX	0.73	0.82	0.84	0.76	0.78		0.77	TAAKX
MSTGX	0.85	0.84	0.9	0.85	0.92	0.77		MSTGX
	LIOTX	LMUSX	SMYIX	TACLX	LFLCX	TAAKX	MSTGX

Click cells to compare fundamentals

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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
LIOTX	0.90	0.03	0.01	0.05	1.26	(0.95)	2.13	(1.97)	6.56
LMUSX	0.72	0.00	0.00	0.02	1.20	(0.69)	1.27	(1.50)	6.30
SMYIX	0.63	(0.01)	(0.02)	0.00	1.09	(0.57)	1.48	(1.31)	4.86
TACLX	0.53	(0.05)	0.00	(0.06)	0.00	0.00	0.88	(0.97)	5.47
LFLCX	0.18	(0.02)	0.00	(0.28)	0.00	0.00	0.44	(0.33)	1.31
TAAKX	0.61	(0.06)	0.00	(0.07)	0.00	0.00	1.01	(1.47)	6.84
MSTGX	0.24	(0.01)	(0.07)	(0.04)	0.33	(0.31)	0.54	(0.33)	1.83

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