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.
Deutsche |
Moving together with Deutsche Mutual Fund
0.91 | GCGGX | Deutsche Gnma | PairCorr |
0.89 | SRMAX | Deutsche Short Term | PairCorr |
0.85 | SRMCX | Deutsche Short Term | PairCorr |
0.89 | SRMSX | Deutsche Short Term | PairCorr |
0.65 | NOTCX | Deutsche Strategic High | PairCorr |
0.73 | NOTAX | Deutsche Strategic High | PairCorr |
0.75 | NOTIX | Deutsche Strategic High | PairCorr |
0.72 | KCTCX | Deutsche California Tax | PairCorr |
0.77 | KCTAX | Deutsche California Tax | PairCorr |
0.92 | SCEMX | Deutsche Enhanced | PairCorr |
0.86 | SCINX | Deutsche Croci Inter | PairCorr |
0.62 | SCMBX | Deutsche Managed Mun | PairCorr |
0.81 | SCMTX | Deutsche Intermediate | PairCorr |
0.75 | SCOBX | Deutsche Global Growth | PairCorr |
Moving against Deutsche Mutual Fund
0.64 | SSDZX | Deutsche Small Cap | PairCorr |
0.61 | KTCCX | Deutsche Science And | PairCorr |
0.6 | KTCAX | Deutsche Science And | PairCorr |
0.6 | KTCIX | Deutsche Science And | PairCorr |
0.6 | KTCSX | Deutsche Science And | PairCorr |
0.69 | SSDAX | Deutsche Small Cap | PairCorr |
0.69 | SSDIX | Deutsche Small Cap | PairCorr |
0.65 | SSDCX | Deutsche Small Cap | PairCorr |
0.64 | SSDSX | Deutsche Small Cap | PairCorr |
0.49 | SCGSX | Deutsche Capital Growth | PairCorr |
0.47 | SCDGX | Deutsche E Equity | PairCorr |
0.57 | SCQGX | Deutsche Large Cap | PairCorr |
0.43 | BTIEX | Deutsche Equity 500 | PairCorr |
0.38 | SCPIX | Deutsche Sp 500 | PairCorr |
0.38 | BTIRX | Deutsche Equity 500 | PairCorr |
0.38 | BTIIX | Deutsche Equity 500 | PairCorr |
Related Correlations Analysis
0.97 | 0.59 | 0.99 | 0.96 | 1.0 | USGFX | ||
0.97 | 0.61 | 0.95 | 0.99 | 0.97 | DPIGX | ||
0.59 | 0.61 | 0.59 | 0.58 | 0.59 | VSBIX | ||
0.99 | 0.95 | 0.59 | 0.94 | 0.99 | BIGLX | ||
0.96 | 0.99 | 0.58 | 0.94 | 0.95 | FCSCX | ||
1.0 | 0.97 | 0.59 | 0.99 | 0.95 | 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 | 0.60 | 1.55 | |||
DPIGX | 0.08 | 0.02 | 0.81 | 5.31 | 0.00 | 0.21 | 0.53 | |||
VSBIX | 0.06 | 0.01 | 0.94 | 6.53 | 0.00 | 0.16 | 0.33 | |||
BIGLX | 0.25 | 0.05 | 0.35 | 0.81 | 0.12 | 0.66 | 1.58 | |||
FCSCX | 0.07 | 0.02 | 0.60 | 1.38 | 0.00 | 0.13 | 0.66 | |||
CGTCX | 0.24 | 0.05 | 0.37 | 0.92 | 0.13 | 0.61 | 1.56 |