Deutsche Real Correlations

RRRRX Fund

USD 21.84 0.15 0.69%

The current 90-days correlation between Deutsche Real Estate and Scout E Bond is 0.06 (i.e., Significant diversification). The correlation of Deutsche Real 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 Real Correlation With Market

Very weak diversification

The correlation between Deutsche Real Estate and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Real Estate 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 Real Estate. 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 metropolitan statistical area.

Moving together with Deutsche Mutual Fund

0.65	O	Realty Income	Pair Corr
0.77	FR	First Industrial Realty	Pair Corr
0.66	WY	Weyerhaeuser	Pair Corr
0.62	VICI	VICI Properties	Pair Corr
0.63	MITT-PA	AG Mortgage Investment	Pair Corr
0.7	MITT-PB	AG Mortgage Investment	Pair Corr
0.61	ELME	Elme Communities	Pair Corr
0.69	WELL	Welltower	Pair Corr

Moving against Deutsche Mutual Fund

0.44	PW	Power REIT Earnings Call This Week	Pair Corr
0.41	WHLR	Wheeler Real Estate	Pair Corr
0.37	WETH	Wetouch Technology Common	Pair Corr
0.34	ESBA	Empire State Realty	Pair Corr

Related Correlations Analysis

	SCCIX	DLTNX	ARTFX	TTRBX	ABNTX
SCCIX		0.96	0.71	0.93	0.91	SCCIX
DLTNX	0.96		0.74	0.98	0.97	DLTNX
ARTFX	0.71	0.74		0.82	0.84	ARTFX
TTRBX	0.93	0.98	0.82		0.98	TTRBX
ABNTX	0.91	0.97	0.84	0.98		ABNTX
	SCCIX	DLTNX	ARTFX	TTRBX	ABNTX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Real 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 Real'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
SCCIX	0.25	0.01	0.16	(0.23)	0.22	(0.31)	0.57	(0.38)	1.44
DLTNX	0.23	0.02	0.19	0.84	0.16	(0.31)	0.57	(0.34)	1.40
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89
TTRBX	0.16	0.01	0.22	1.13	0.10	(0.19)	0.40	(0.30)	0.82
ABNTX	0.16	0.03	0.26	6.03	0.00	(0.21)	0.30	(0.39)	0.99

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