Deutsche Short Correlations

SRMSX Fund

USD 9.84 0.01 0.10%

The current 90-days correlation between Deutsche Short Term and Calvert International Equity is 0.04 (i.e., Significant diversification). The correlation of Deutsche Short 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 Correlation With Market

Good diversification

The correlation between Deutsche Short Term Municipal and DJI is -0.11 (i.e., Good 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 state.

Moving together with Deutsche Mutual Fund

0.83	GCGGX	Deutsche Gnma	Pair Corr
0.97	SRMAX	Deutsche Short Term	Pair Corr
0.97	SRMCX	Deutsche Short Term	Pair Corr
0.69	NOTCX	Deutsche Strategic High	Pair Corr
0.73	NOTAX	Deutsche Strategic High	Pair Corr
0.74	NOTIX	Deutsche Strategic High	Pair Corr
0.63	KCTCX	Deutsche California Tax	Pair Corr
0.68	KCTAX	Deutsche California Tax	Pair Corr
0.62	KDHSX	Deutsche Croci Equity	Pair Corr
0.89	SCEMX	Deutsche Enhanced	Pair Corr
0.87	SCINX	Deutsche Croci Inter	Pair Corr
0.82	SCHLX	Deutsche Health And	Pair Corr
0.7	SCMBX	Deutsche Managed Mun	Pair Corr
0.83	SCMTX	Deutsche Intermediate	Pair Corr
0.8	SCOBX	Deutsche Global Growth	Pair Corr
0.86	SCSBX	Deutsche E Plus	Pair Corr

Moving against Deutsche Mutual Fund

0.5	SSDZX	Deutsche Small Cap	Pair Corr
0.46	KTCCX	Deutsche Science And	Pair Corr
0.45	KTCAX	Deutsche Science And	Pair Corr
0.45	KTCIX	Deutsche Science And	Pair Corr
0.45	KTCSX	Deutsche Science And	Pair Corr
0.52	SSDCX	Deutsche Small Cap	Pair Corr
0.51	SSDAX	Deutsche Small Cap	Pair Corr
0.51	SSDIX	Deutsche Small Cap	Pair Corr
0.51	SSDSX	Deutsche Small Cap	Pair Corr
0.36	SCDGX	Deutsche E Equity	Pair Corr
0.33	SCGSX	Deutsche Capital Growth	Pair Corr
0.43	SCQGX	Deutsche Large Cap	Pair Corr

Related Correlations Analysis

	CIESX	RBCIX	PMIEX	MSTFX	PEIRX	RTIUX	OWFIX
CIESX		0.83	0.72	0.92	0.73	0.92	0.81	CIESX
RBCIX	0.83		0.73	0.96	0.74	0.92	0.91	RBCIX
PMIEX	0.72	0.73		0.79	1.0	0.75	0.66	PMIEX
MSTFX	0.92	0.96	0.79		0.8	0.95	0.91	MSTFX
PEIRX	0.73	0.74	1.0	0.8		0.76	0.67	PEIRX
RTIUX	0.92	0.92	0.75	0.95	0.76		0.89	RTIUX
OWFIX	0.81	0.91	0.66	0.91	0.67	0.89		OWFIX
	CIESX	RBCIX	PMIEX	MSTFX	PEIRX	RTIUX	OWFIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Short 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'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
CIESX	0.68	0.04	0.04	(0.18)	0.97	(0.70)	1.58	(1.20)	5.26
RBCIX	1.29	0.22	0.14	1.61	1.30	(1.50)	2.72	(2.64)	7.76
PMIEX	0.78	(0.05)	0.00	(0.11)	0.00	0.00	1.56	(1.60)	9.24
MSTFX	0.66	0.06	0.07	(0.26)	0.81	(0.72)	1.39	(1.42)	4.63
PEIRX	0.78	(0.04)	0.00	(0.10)	0.00	0.00	1.57	(1.58)	9.14
RTIUX	0.59	0.11	0.13	0.20	0.62	(0.65)	1.47	(1.41)	5.02
OWFIX	0.17	0.02	0.09	2.58	0.06	(0.22)	0.40	(0.30)	1.01

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