Deutsche Capital Correlations

SCGSX Fund  USD 118.36  2.18  1.88%   
The current 90-days correlation between Deutsche Capital Growth and Deutsche Gnma Fund is 0.04 (i.e., Significant diversification). The correlation of Deutsche Capital 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 Capital Correlation With Market

Poor diversification

The correlation between Deutsche Capital Growth and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Capital Growth 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 Capital Growth. 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 state.

Moving together with Deutsche Mutual Fund

  0.98KTCCX Deutsche Science AndPairCorr
  0.98KTCAX Deutsche Science AndPairCorr
  0.98KTCIX Deutsche Science AndPairCorr
  0.98KTCSX Deutsche Science AndPairCorr
  0.87SSDZX Deutsche Small CapPairCorr
  0.87SSDAX Deutsche Small CapPairCorr
  0.87SSDCX Deutsche Small CapPairCorr
  0.87SSDIX Deutsche Small CapPairCorr
  0.87SSDSX Deutsche Small CapPairCorr
  0.92SSLCX Deutsche Small CapPairCorr
  0.98SCDGX Deutsche E EquityPairCorr
  0.99SCQGX Deutsche Large CapPairCorr
  0.99SCPIX Deutsche Sp 500PairCorr

Moving against Deutsche Mutual Fund

  0.57GCGGX Deutsche GnmaPairCorr
  0.33SRMAX Deutsche Short TermPairCorr
  0.32SRMCX Deutsche Short TermPairCorr
  0.53SCINX Deutsche Croci InterPairCorr
  0.53SUIAX Deutsche Croci InterPairCorr
  0.53SUICX Deutsche Croci InterPairCorr
  0.53SUIIX Deutsche Croci InterPairCorr
  0.53SUIRX Deutsche Croci InterPairCorr
  0.47SCSBX 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   
KTCAXKTCCX
KTCIXKTCCX
KTCSXKTCCX
KTCIXKTCAX
KTCSXKTCAX
KTCSXKTCIX
  
High negative correlations   
KTCCXGCGGX
KTCSXGCGGX
KTCIXGCGGX
KTCAXGCGGX
KTCSXSRMCX
KTCIXSRMCX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Capital 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 Capital'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.