Dws Emerging Correlations

SEKRX Fund

USD 19.01 0.20 1.04%

The current 90-days correlation between Dws Emerging Markets and Tiaa Cref Lifecycle Retirement is 0.64 (i.e., Poor diversification). The correlation of Dws Emerging 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.

Dws Emerging Correlation With Market

Weak diversification

The correlation between Dws Emerging Markets and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dws Emerging Markets 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 Dws Emerging Markets. 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 metropolitan statistical area.

Moving together with Dws Mutual Fund

0.64	SCEMX	Deutsche Enhanced	Pair Corr
0.72	SCINX	Deutsche Croci Inter	Pair Corr
0.79	SCOBX	Deutsche Global Growth	Pair Corr
0.62	SCSBX	Deutsche E Plus	Pair Corr
0.72	SUIAX	Deutsche Croci Inter	Pair Corr
0.72	SUICX	Deutsche Croci Inter	Pair Corr

Moving against Dws Mutual Fund

0.39	SSDAX	Deutsche Small Cap	Pair Corr
0.39	SSDCX	Deutsche Small Cap	Pair Corr
0.39	SSDIX	Deutsche Small Cap	Pair Corr
0.38	SSDZX	Deutsche Small Cap	Pair Corr
0.38	SSDSX	Deutsche Small Cap	Pair Corr

Related Correlations Analysis

	TPILX	FHRVX	SXMAX	JLAEX	FNOKX	RRPPX	EXBAX
TPILX		0.92	0.67	0.92	0.98	0.9	0.98	TPILX
FHRVX	0.92		0.62	0.99	0.88	0.99	0.9	FHRVX
SXMAX	0.67	0.62		0.62	0.62	0.57	0.64	SXMAX
JLAEX	0.92	0.99	0.62		0.87	0.99	0.9	JLAEX
FNOKX	0.98	0.88	0.62	0.87		0.86	0.96	FNOKX
RRPPX	0.9	0.99	0.57	0.99	0.86		0.89	RRPPX
EXBAX	0.98	0.9	0.64	0.9	0.96	0.89		EXBAX
	TPILX	FHRVX	SXMAX	JLAEX	FNOKX	RRPPX	EXBAX

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Risk-Adjusted Indicators

There is a big difference between Dws Mutual Fund performing well and Dws Emerging 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 Dws Emerging'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
TPILX	0.31	0.01	0.00	(0.05)	0.00	0.00	0.61	(0.61)	1.77
FHRVX	0.29	0.02	0.16	0.00	0.38	(0.30)	0.56	(0.61)	1.71
SXMAX	0.52	(0.08)	0.00	(0.27)	0.00	0.00	0.76	(0.96)	8.55
JLAEX	0.24	0.02	0.17	0.00	0.30	(0.29)	0.52	(0.52)	1.32
FNOKX	0.53	0.02	0.00	(0.03)	0.00	0.00	1.07	(1.13)	3.14
RRPPX	0.36	0.04	0.15	0.04	0.45	(0.40)	0.63	(0.69)	1.97
EXBAX	0.34	0.00	0.00	(0.05)	0.00	0.00	0.70	(0.69)	1.99

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