Deutsche E Correlations

Mutual Funds . USA . 
Fund . Deutsche E Plus
SCSBX Fund  USD 9.40  0.03  0.32%   
The current 90-days correlation between Deutsche E Plus and Champlain Small is 0.53 (i.e., Very weak diversification). The correlation of Deutsche E 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 E Correlation With Market

Modest diversification

The correlation between Deutsche E Plus and DJI is 0.28 (i.e., Modest 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

  0.97GCGGX Deutsche GnmaPairCorr
  0.61SRMAX Deutsche Short TermPairCorr
  0.8SRMCX Deutsche Short TermPairCorr
  0.62SRMSX Deutsche Short TermPairCorr
  0.63KTRAX Deutsche Global IncomePairCorr
  0.63KTRCX Deutsche Global IncomePairCorr
  0.63KTRIX Deutsche Global IncomePairCorr
  0.9NOTCX Deutsche Strategic HighPairCorr
  0.92NOTAX Deutsche Strategic HighPairCorr
  0.92NOTIX Deutsche Strategic HighPairCorr
  0.63KTRSX Deutsche Global IncomePairCorr
  0.63KTRZX Deutsche Global IncomePairCorr
  0.63SSLCX Deutsche Small CapPairCorr
  0.85KCTCX Deutsche California TaxPairCorr
  0.87KCTAX Deutsche California TaxPairCorr
  0.63KDHSX Deutsche Croci EquityPairCorr
  0.62KDHCX Deutsche Croci EquityPairCorr
  0.63KDHAX Deutsche Croci EquityPairCorr
  0.63KDHIX Deutsche Croci EquityPairCorr
  0.67SCEMX Deutsche EnhancedPairCorr
  0.72SCHLX Deutsche Health AndPairCorr
  0.89SCMAX Deutsche MassachusettsPairCorr
  0.9SCMBX Deutsche Managed MunPairCorr
  0.89SCMTX Deutsche IntermediatePairCorr
  0.77SCOBX Deutsche Global GrowthPairCorr
  0.66SCPIX Deutsche Sp 500PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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