Deutsche Core Correlations

SCDGX Fund

USD 32.77 0.02 0.06%

The current 90-days correlation between Deutsche E Equity and Multimanager Lifestyle Moderate is 0.71 (i.e., Poor diversification). The correlation of Deutsche Core 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 Core Correlation With Market

Poor diversification

The correlation between Deutsche E Equity and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche E Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Deutsche E Equity. 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 price.

Moving together with Deutsche Mutual Fund

0.85	KTCCX	Deutsche Science And	Pair Corr
0.86	KTCAX	Deutsche Science And	Pair Corr
0.84	KTCIX	Deutsche Science And	Pair Corr
0.86	KTCSX	Deutsche Science And	Pair Corr
0.7	KTRAX	Deutsche Global Income	Pair Corr
0.71	KTRCX	Deutsche Global Income	Pair Corr
0.69	KTRIX	Deutsche Global Income	Pair Corr
0.69	KTRSX	Deutsche Global Income	Pair Corr
0.69	KTRZX	Deutsche Global Income	Pair Corr
0.85	SSDZX	Deutsche Small Cap	Pair Corr
0.85	SSDAX	Deutsche Small Cap	Pair Corr
0.85	SSDCX	Deutsche Small Cap	Pair Corr
0.85	SSDIX	Deutsche Small Cap	Pair Corr
0.85	SSDSX	Deutsche Small Cap	Pair Corr
0.85	SSLCX	Deutsche Small Cap	Pair Corr
0.87	SCGSX	Deutsche Capital Growth	Pair Corr
0.87	SCQGX	Deutsche Large Cap	Pair Corr
0.9	SCPIX	Deutsche Sp 500	Pair Corr

Moving against Deutsche Mutual Fund

0.5	SCINX	Deutsche Croci Inter	Pair Corr
0.46	GCGGX	Deutsche Gnma	Pair Corr
0.34	SRMSX	Deutsche Short Term	Pair Corr
0.33	SRMAX	Deutsche Short Term	Pair Corr
0.31	SRMCX	Deutsche Short Term	Pair Corr
0.5	SUIAX	Deutsche Croci Inter	Pair Corr
0.5	SUIIX	Deutsche Croci Inter	Pair Corr
0.5	SUIRX	Deutsche Croci Inter	Pair Corr
0.49	SUICX	Deutsche Croci Inter	Pair Corr
0.47	GGGGX	Deutsche Gnma	Pair Corr
0.35	SCSBX	Deutsche E Plus	Pair Corr

Related Correlations Analysis

	JULMX	IRSOX	TSMPX	WGBIX	RRPPX	TRBOX	MXBPX
JULMX		0.81	0.84	0.83	0.89	0.83	0.89	JULMX
IRSOX	0.81		0.99	0.94	0.58	1.0	0.94	IRSOX
TSMPX	0.84	0.99		0.97	0.63	0.99	0.96	TSMPX
WGBIX	0.83	0.94	0.97		0.68	0.93	0.94	WGBIX
RRPPX	0.89	0.58	0.63	0.68		0.6	0.77	RRPPX
TRBOX	0.83	1.0	0.99	0.93	0.6		0.95	TRBOX
MXBPX	0.89	0.94	0.96	0.94	0.77	0.95		MXBPX
	JULMX	IRSOX	TSMPX	WGBIX	RRPPX	TRBOX	MXBPX

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 Core 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 Core'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
JULMX	0.31	0.01	0.00	(0.05)	0.00	0.00	0.65	(0.65)	1.89
IRSOX	0.60	(0.06)	0.00	0.30	0.00	0.00	1.14	(1.20)	3.44
TSMPX	0.48	(0.05)	0.00	0.33	0.00	0.00	0.87	(0.92)	2.82
WGBIX	0.43	(0.04)	0.00	0.34	0.00	0.00	0.73	(0.89)	2.48
RRPPX	0.36	0.05	0.17	0.06	0.45	(0.40)	0.63	(0.69)	2.13
TRBOX	0.69	(0.06)	0.00	0.28	0.00	0.00	1.25	(1.47)	4.03
MXBPX	0.48	(0.03)	0.00	0.20	0.00	0.00	1.01	(1.00)	3.11

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