Deutsche Global Correlations

RRGAX Fund  USD 7.01  0.07  0.99%   
The current 90-days correlation between Deutsche Global Real and Perkins Mid Cap is 0.76 (i.e., Poor 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

Good diversification

The correlation between Deutsche Global Real and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Global Real and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Deutsche Global Real. 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

  0.69SRMAX Deutsche Short TermPairCorr
  0.71SRMCX Deutsche Short TermPairCorr
  0.67SRMSX Deutsche Short TermPairCorr
  0.86KTRAX Deutsche Global IncomePairCorr
  0.84KTRCX Deutsche Global IncomePairCorr
  0.8NOTCX Deutsche Strategic HighPairCorr
  0.81NOTAX Deutsche Strategic HighPairCorr
  0.8NOTIX Deutsche Strategic HighPairCorr
  0.86KTRSX Deutsche Global IncomePairCorr
  0.73KCTCX Deutsche California TaxPairCorr
  0.75KCTAX Deutsche California TaxPairCorr
  0.78KDHSX Deutsche Croci EquityPairCorr
  0.78KDHCX Deutsche Croci EquityPairCorr
  0.78KDHAX Deutsche Croci EquityPairCorr
  0.78KDHIX Deutsche Croci EquityPairCorr
  0.71SCEMX Deutsche EnhancedPairCorr
  0.69SCHLX Deutsche Health AndPairCorr
  0.75SCMAX Deutsche MassachusettsPairCorr
  0.78SCMBX Deutsche Managed MunPairCorr
  0.8SCMTX Deutsche IntermediatePairCorr
  0.82SCOBX Deutsche Global GrowthPairCorr
  0.66SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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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.