Deutsche Capital Correlations

Mutual Funds . USA . 
Fund . Deutsche Capital Growth
SCGSX Fund  USD 123.35  2.05  1.69%   
The current 90-days correlation between Deutsche Capital Growth and Bbh Partner Fund is -0.1 (i.e., Good 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

Weak diversification

The correlation between Deutsche Capital Growth and DJI is 0.37 (i.e., Weak 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

  0.63KTCCX Deutsche Science AndPairCorr
  0.77KTCAX Deutsche Science AndPairCorr
  0.8KTCIX Deutsche Science AndPairCorr
  0.78KTCSX Deutsche Science AndPairCorr
  0.83KTRIX Deutsche Global IncomePairCorr
  0.73NOTCX Deutsche Strategic HighPairCorr
  0.71NOTAX Deutsche Strategic HighPairCorr
  0.71NOTIX Deutsche Strategic HighPairCorr
  0.86KTRSX Deutsche Global IncomePairCorr
  0.86KTRZX Deutsche Global IncomePairCorr
  0.78SSDZX Deutsche Small CapPairCorr
  0.79SSDAX Deutsche Small CapPairCorr
  0.81SSDCX Deutsche Small CapPairCorr
  0.63SSDIX Deutsche Small CapPairCorr
  0.62SSLCX Deutsche Small CapPairCorr
  0.75KCTCX Deutsche California TaxPairCorr
  0.61KCTAX Deutsche California TaxPairCorr
  0.84KDHSX Deutsche Croci EquityPairCorr
  0.76KDHAX Deutsche Croci EquityPairCorr
  0.84KDHIX Deutsche Croci EquityPairCorr
  0.91SCDGX Deutsche E EquityPairCorr
  0.71SCMAX Deutsche MassachusettsPairCorr
  0.64SCMBX Deutsche Managed MunPairCorr
  0.99SCQGX Deutsche Large CapPairCorr
  0.72SCPIX Deutsche Sp 500PairCorr
  0.64SCSBX 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 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.

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