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

  0.91GCGGX Deutsche GnmaPairCorr
  0.89SRMAX Deutsche Short TermPairCorr
  0.85SRMCX Deutsche Short TermPairCorr
  0.89SRMSX Deutsche Short TermPairCorr
  0.65NOTCX Deutsche Strategic HighPairCorr
  0.73NOTAX Deutsche Strategic HighPairCorr
  0.75NOTIX Deutsche Strategic HighPairCorr
  0.72KCTCX Deutsche California TaxPairCorr
  0.77KCTAX Deutsche California TaxPairCorr
  0.92SCEMX Deutsche EnhancedPairCorr
  0.86SCINX Deutsche Croci InterPairCorr
  0.62SCMBX Deutsche Managed MunPairCorr
  0.81SCMTX Deutsche IntermediatePairCorr
  0.75SCOBX Deutsche Global GrowthPairCorr

Moving against Deutsche Mutual Fund

  0.64SSDZX Deutsche Small CapPairCorr
  0.61KTCCX Deutsche Science AndPairCorr
  0.6KTCAX Deutsche Science AndPairCorr
  0.6KTCIX Deutsche Science AndPairCorr
  0.6KTCSX Deutsche Science AndPairCorr
  0.69SSDAX Deutsche Small CapPairCorr
  0.69SSDIX Deutsche Small CapPairCorr
  0.65SSDCX Deutsche Small CapPairCorr
  0.64SSDSX Deutsche Small CapPairCorr
  0.49SCGSX Deutsche Capital GrowthPairCorr
  0.47SCDGX Deutsche E EquityPairCorr
  0.57SCQGX Deutsche Large CapPairCorr
  0.43BTIEX Deutsche Equity 500PairCorr
  0.38SCPIX Deutsche Sp 500PairCorr
  0.38BTIRX Deutsche Equity 500PairCorr
  0.38BTIIX Deutsche Equity 500PairCorr

Related Correlations Analysis

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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.