Deutsche Global Correlations

Mutual Funds . USA . 
Fund . Deutsche Global Real
RRGAX Fund  USD 7.26  0.04  0.55%   
The current 90-days correlation between Deutsche Global Real and Perkins Mid Cap is 0.58 (i.e., Very weak 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

Very weak diversification

The correlation between Deutsche Global Real and DJI is 0.42 (i.e., Very weak 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

  0.77GCGGX Deutsche GnmaPairCorr
  0.77KTCCX Deutsche Science AndPairCorr
  0.71KTCAX Deutsche Science AndPairCorr
  0.67KTCIX Deutsche Science AndPairCorr
  0.71KTCSX Deutsche Science AndPairCorr
  0.85KTRAX Deutsche Global IncomePairCorr
  0.85KTRCX Deutsche Global IncomePairCorr
  0.85KTRIX Deutsche Global IncomePairCorr
  0.86NOTCX Deutsche Strategic HighPairCorr
  0.84NOTAX Deutsche Strategic HighPairCorr
  0.84NOTIX Deutsche Strategic HighPairCorr
  0.85KTRSX Deutsche Global IncomePairCorr
  0.85KTRZX Deutsche Global IncomePairCorr
  0.63SSDZX Deutsche Small CapPairCorr
  0.63SSDAX Deutsche Small CapPairCorr
  0.65SSDCX Deutsche Small CapPairCorr
  0.62SSDIX Deutsche Small CapPairCorr
  0.63SSDSX Deutsche Small CapPairCorr
  0.78SSLCX Deutsche Small CapPairCorr
  0.83KCTCX Deutsche California TaxPairCorr
  0.84KCTAX Deutsche California TaxPairCorr
  0.9KDHSX Deutsche Croci EquityPairCorr
  0.9KDHCX Deutsche Croci EquityPairCorr
  0.9KDHAX Deutsche Croci EquityPairCorr
  0.9KDHIX Deutsche Croci EquityPairCorr
  0.82SCDGX Deutsche E EquityPairCorr
  0.81SCGSX Deutsche Capital GrowthPairCorr
  0.66SCHLX Deutsche Health AndPairCorr
  0.79SCMAX Deutsche MassachusettsPairCorr
  0.79SCMBX Deutsche Managed MunPairCorr
  0.63SCMTX Deutsche IntermediatePairCorr
  0.73SCQGX Deutsche Large CapPairCorr
  0.85SCPIX Deutsche Sp 500PairCorr
  0.8SCSBX 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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