Deutsche Correlations

SCPIX Fund  USD 46.50  0.50  1.09%   
The current 90-days correlation between Deutsche Sp 500 and Transamerica Asset Allocation is 0.74 (i.e., Poor diversification). The correlation of Deutsche 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 Correlation With Market

Poor diversification

The correlation between Deutsche Sp 500 and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Sp 500 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 Sp 500. 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 gross domestic product.

Moving together with Deutsche Mutual Fund

  0.95KTCCX Deutsche Science AndPairCorr
  0.96KTCAX Deutsche Science AndPairCorr
  0.96KTCIX Deutsche Science AndPairCorr
  0.96KTCSX Deutsche Science AndPairCorr
  0.63KTRCX Deutsche Global IncomePairCorr
  0.85SSDZX Deutsche Small CapPairCorr
  0.75SSDAX Deutsche Small CapPairCorr
  0.84SSDCX Deutsche Small CapPairCorr
  0.75SSDIX Deutsche Small CapPairCorr
  0.85SSDSX Deutsche Small CapPairCorr
  0.93SSLCX Deutsche Small CapPairCorr
  0.99SCDGX Deutsche E EquityPairCorr
  0.89SCGSX Deutsche Capital GrowthPairCorr
  0.97SCQGX Deutsche Large CapPairCorr

Moving against Deutsche Mutual Fund

  0.42GCGGX Deutsche GnmaPairCorr
  0.38SCINX Deutsche Croci InterPairCorr
  0.49GGGGX Deutsche GnmaPairCorr
  0.44SUIAX Deutsche Croci InterPairCorr
  0.44SUIIX Deutsche Croci InterPairCorr
  0.44SUIRX Deutsche Croci InterPairCorr
  0.38SCSBX Deutsche E PlusPairCorr
  0.38SUICX Deutsche Croci InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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