Deutsche Intermediate Correlations

SCMTX Fund

USD 10.95 0.01 0.09%

The current 90-days correlation between Deutsche Intermediate and Pgim Conservative Retirement is 0.27 (i.e., Modest diversification). The correlation of Deutsche Intermediate 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 Intermediate Correlation With Market

Average diversification

The correlation between Deutsche Intermediate Taxamt and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Intermediate Taxamt 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 Intermediate Taxamt. 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 estimate.

Moving together with Deutsche Mutual Fund

0.8	GCGGX	Deutsche Gnma	Pair Corr
0.89	SRMAX	Deutsche Short Term	Pair Corr
0.92	SRMCX	Deutsche Short Term	Pair Corr
0.98	SRMSX	Deutsche Short Term	Pair Corr
0.61	KTRAX	Deutsche Global Income	Pair Corr
0.61	KTRCX	Deutsche Global Income	Pair Corr
0.61	KTRIX	Deutsche Global Income	Pair Corr
0.99	NOTCX	Deutsche Strategic High	Pair Corr
0.98	NOTAX	Deutsche Strategic High	Pair Corr
0.93	NOTIX	Deutsche Strategic High	Pair Corr
0.61	KTRSX	Deutsche Global Income	Pair Corr
0.61	KTRZX	Deutsche Global Income	Pair Corr
0.99	KCTCX	Deutsche California Tax	Pair Corr
0.86	KCTAX	Deutsche California Tax	Pair Corr
0.77	SCEMX	Deutsche Enhanced	Pair Corr
0.99	SCMAX	Deutsche Massachusetts	Pair Corr
0.96	SCMBX	Deutsche Managed Mun	Pair Corr
0.63	SCOBX	Deutsche Global Growth	Pair Corr
0.8	SCSBX	Deutsche E Plus	Pair Corr

Related Correlations Analysis

	PGFCX	FPTPX	XWDIX	HUDEX	QDARX	BICPX	MDDIX	DTICX
PGFCX		0.9	0.76	0.55	0.46	0.92	0.77	0.61	PGFCX
FPTPX	0.9		0.72	0.48	0.49	0.87	0.68	0.49	FPTPX
XWDIX	0.76	0.72		0.09	0.78	0.79	0.53	0.65	XWDIX
HUDEX	0.55	0.48	0.09		-0.05	0.38	0.61	0.21	HUDEX
QDARX	0.46	0.49	0.78	-0.05		0.48	0.53	0.33	QDARX
BICPX	0.92	0.87	0.79	0.38	0.48		0.65	0.55	BICPX
MDDIX	0.77	0.68	0.53	0.61	0.53	0.65		0.27	MDDIX
DTICX	0.61	0.49	0.65	0.21	0.33	0.55	0.27		DTICX
	PGFCX	FPTPX	XWDIX	HUDEX	QDARX	BICPX	MDDIX	DTICX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BICPX	+ 0.92	PGFCX
FPTPX	+ 0.9	PGFCX
BICPX	+ 0.87	FPTPX
BICPX	+ 0.79	XWDIX
QDARX	+ 0.78	XWDIX
MDDIX	+ 0.77	PGFCX

High negative correlations

QDARX

- 0.05

HUDEX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Intermediate 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 Intermediate'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
PGFCX	0.26	(0.07)	0.00	(2.41)	0.00	0.00	0.57	(0.66)	2.09
FPTPX	0.29	(0.08)	0.00	(0.89)	0.00	0.00	0.51	(0.52)	3.40
XWDIX	0.19	(0.06)	0.00	(2.97)	0.00	0.00	0.32	(0.52)	1.56
HUDEX	0.66	0.02	0.01	0.07	0.86	(0.69)	1.28	(1.15)	6.41
QDARX	0.13	(0.04)	0.00	(5.26)	0.00	0.00	0.17	(0.33)	1.72
BICPX	0.26	(0.10)	0.00	(3.03)	0.00	0.00	0.44	(0.45)	4.79
MDDIX	0.69	(0.15)	0.00	(0.61)	0.00	0.00	1.29	(0.94)	12.66
DTICX	0.07	(0.02)	0.00	3.75	0.00	0.00	0.13	(0.13)	0.51

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC