Deutsche Short-term Correlations

SRMAX Fund

USD 9.83 0.01 0.10%

The current 90-days correlation between Deutsche Short Term and Victory High Yield is 0.56 (i.e., Very weak diversification). The correlation of Deutsche Short-term 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 Short-term Correlation With Market

Significant diversification

The correlation between Deutsche Short Term Municipal and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Short Term Municipal 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 Short Term Municipal. 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 nation.

Moving together with Deutsche Mutual Fund

0.82	GCGGX	Deutsche Gnma	Pair Corr
0.98	SRMCX	Deutsche Short Term	Pair Corr
0.92	SRMSX	Deutsche Short Term	Pair Corr
0.61	KTRIX	Deutsche Global Income	Pair Corr
0.76	NOTCX	Deutsche Strategic High	Pair Corr
0.83	NOTAX	Deutsche Strategic High	Pair Corr
0.82	NOTIX	Deutsche Strategic High	Pair Corr
0.61	KTRSX	Deutsche Global Income	Pair Corr
0.62	KTRZX	Deutsche Global Income	Pair Corr
0.71	KCTCX	Deutsche California Tax	Pair Corr
0.81	KCTAX	Deutsche California Tax	Pair Corr
0.65	KDHSX	Deutsche Croci Equity	Pair Corr
0.89	SCEMX	Deutsche Enhanced	Pair Corr
0.71	SCINX	Deutsche Croci Inter	Pair Corr
0.74	SCHLX	Deutsche Health And	Pair Corr
0.71	SCMAX	Deutsche Massachusetts	Pair Corr
0.72	SCMBX	Deutsche Managed Mun	Pair Corr
0.88	SCMTX	Deutsche Intermediate	Pair Corr
0.79	SCOBX	Deutsche Global Growth	Pair Corr
0.88	SCSBX	Deutsche E Plus	Pair Corr

Moving against Deutsche Mutual Fund

0.49	SSDZX	Deutsche Small Cap	Pair Corr
0.49	SSDIX	Deutsche Small Cap	Pair Corr
0.45	SSDCX	Deutsche Small Cap	Pair Corr
0.38	SSDAX	Deutsche Small Cap	Pair Corr
0.38	SSDSX	Deutsche Small Cap	Pair Corr
0.35	KTCIX	Deutsche Science And	Pair Corr
0.32	SCQGX	Deutsche Large Cap	Pair Corr

Related Correlations Analysis

	RHYKX	VRHYX	ACHFX	CWFIX	SGYAX	QLMYIX	PGANX
RHYKX		0.76	0.84	0.95	0.93	0.84	0.58	RHYKX
VRHYX	0.76		0.96	0.73	0.84	0.87	0.67	VRHYX
ACHFX	0.84	0.96		0.84	0.85	0.94	0.7	ACHFX
CWFIX	0.95	0.73	0.84		0.88	0.9	0.59	CWFIX
SGYAX	0.93	0.84	0.85	0.88		0.8	0.75	SGYAX
QLMYIX	0.84	0.87	0.94	0.9	0.8		0.6	QLMYIX
PGANX	0.58	0.67	0.7	0.59	0.75	0.6		PGANX
	RHYKX	VRHYX	ACHFX	CWFIX	SGYAX	QLMYIX	PGANX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Short-term 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 Short-term'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
RHYKX	0.15	0.03	0.23	0.27	0.00	(0.26)	0.37	(0.18)	0.92
VRHYX	0.17	0.02	0.14	(0.54)	0.01	(0.32)	0.26	(0.26)	1.30
ACHFX	0.17	0.02	0.19	(0.37)	0.05	(0.23)	0.47	(0.23)	1.28
CWFIX	0.08	0.02	0.33	0.23	0.00	(0.12)	0.11	(0.11)	0.63
SGYAX	0.17	0.03	0.19	0.19	0.00	(0.26)	0.56	(0.28)	1.57
QLMYIX	0.13	0.02	0.21	(0.81)	0.00	(0.22)	0.33	(0.32)	0.99
PGANX	0.09	0.02	0.18	3.59	0.00	(0.18)	0.23	(0.22)	0.91

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC