Deutsche Core Correlations

SCSBX Fund

USD 9.39 0.02 0.21%

The current 90-days correlation between Deutsche E Plus and Us Government Securities is 0.91 (i.e., Almost no 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

Average diversification

The correlation between Deutsche E Plus and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche E Plus 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 Plus. 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 bureau of labor statistics.

Moving together with Deutsche Mutual Fund

0.91	GCGGX	Deutsche Gnma	Pair Corr
0.89	SRMAX	Deutsche Short Term	Pair Corr
0.85	SRMCX	Deutsche Short Term	Pair Corr
0.89	SRMSX	Deutsche Short Term	Pair Corr
0.65	NOTCX	Deutsche Strategic High	Pair Corr
0.73	NOTAX	Deutsche Strategic High	Pair Corr
0.75	NOTIX	Deutsche Strategic High	Pair Corr
0.72	KCTCX	Deutsche California Tax	Pair Corr
0.77	KCTAX	Deutsche California Tax	Pair Corr
0.92	SCEMX	Deutsche Enhanced	Pair Corr
0.86	SCINX	Deutsche Croci Inter	Pair Corr
0.62	SCMBX	Deutsche Managed Mun	Pair Corr
0.81	SCMTX	Deutsche Intermediate	Pair Corr
0.75	SCOBX	Deutsche Global Growth	Pair Corr

Moving against Deutsche Mutual Fund

0.64	SSDZX	Deutsche Small Cap	Pair Corr
0.61	KTCCX	Deutsche Science And	Pair Corr
0.6	KTCAX	Deutsche Science And	Pair Corr
0.6	KTCIX	Deutsche Science And	Pair Corr
0.6	KTCSX	Deutsche Science And	Pair Corr
0.69	SSDAX	Deutsche Small Cap	Pair Corr
0.69	SSDIX	Deutsche Small Cap	Pair Corr
0.65	SSDCX	Deutsche Small Cap	Pair Corr
0.64	SSDSX	Deutsche Small Cap	Pair Corr
0.49	SCGSX	Deutsche Capital Growth	Pair Corr
0.47	SCDGX	Deutsche E Equity	Pair Corr
0.57	SCQGX	Deutsche Large Cap	Pair Corr
0.43	BTIEX	Deutsche Equity 500	Pair Corr
0.38	SCPIX	Deutsche Sp 500	Pair Corr
0.38	BTIRX	Deutsche Equity 500	Pair Corr
0.38	BTIIX	Deutsche Equity 500	Pair Corr

Related Correlations Analysis

	USGFX	DPIGX	VSBIX	BIGLX	FCSCX	CGTCX
USGFX		0.97	0.59	0.99	0.96	1.0	USGFX
DPIGX	0.97		0.61	0.95	0.99	0.97	DPIGX
VSBIX	0.59	0.61		0.59	0.58	0.59	VSBIX
BIGLX	0.99	0.95	0.59		0.94	0.99	BIGLX
FCSCX	0.96	0.99	0.58	0.94		0.95	FCSCX
CGTCX	1.0	0.97	0.59	0.99	0.95		CGTCX
	USGFX	DPIGX	VSBIX	BIGLX	FCSCX	CGTCX

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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
USGFX	0.25	0.05	0.43	1.48	0.04	(0.31)	0.60	(0.42)	1.55
DPIGX	0.08	0.02	0.81	5.31	0.00	(0.14)	0.21	(0.11)	0.53
VSBIX	0.06	0.01	0.94	6.53	0.00	(0.08)	0.16	(0.12)	0.33
BIGLX	0.25	0.05	0.35	0.81	0.12	(0.32)	0.66	(0.54)	1.58
FCSCX	0.07	0.02	0.60	1.38	0.00	(0.19)	0.13	(0.13)	0.66
CGTCX	0.24	0.05	0.37	0.92	0.13	(0.29)	0.61	(0.43)	1.56

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