Deutsche Small Correlations

SSDIX Fund

USD 33.05 0.14 0.42%

The current 90-days correlation between Deutsche Small Cap and Deutsche Real Estate is 0.05 (i.e., Significant diversification). The correlation of Deutsche Small 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 Small Correlation With Market

Poor diversification

The correlation between Deutsche Small Cap and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Small Cap 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 Small Cap. 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 gross domestic product.

Moving together with Deutsche Mutual Fund

0.79	VSGAX	Vanguard Small Cap	Pair Corr
0.79	VSGIX	Vanguard Small Cap	Pair Corr
0.79	VISGX	Vanguard Small Cap	Pair Corr
0.75	VEXPX	Vanguard Explorer	Pair Corr
0.75	VEXRX	Vanguard Explorer	Pair Corr
0.78	JGMIX	Janus Triton	Pair Corr
0.78	JGMRX	Janus Triton	Pair Corr
0.78	JGMAX	Janus Triton	Pair Corr
0.78	JGMCX	Janus Triton	Pair Corr
0.78	JGMNX	Janus Triton	Pair Corr
0.68	CISGX	Touchstone Sands Capital	Pair Corr
0.85	CAT	Caterpillar	Pair Corr
0.9	HD	Home Depot	Pair Corr
0.73	DIS	Walt Disney	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.8	BAC	Bank of America	Pair Corr
0.81	MSFT	Microsoft	Pair Corr
0.94	AXP	American Express	Pair Corr

Moving against Deutsche Mutual Fund

0.6	UGPIX	Ultrachina Profund	Pair Corr
0.6	UGPSX	Ultrachina Profund	Pair Corr
0.49	UTF	Cohen And Steers	Pair Corr
0.45	HTD	John Hancock Tax	Pair Corr
0.4	PMPIX	Precious Metals Ultr	Pair Corr
0.7	MCD	McDonalds	Pair Corr
0.69	TRV	The Travelers Companies	Pair Corr
0.67	T	ATT Inc Earnings Call This Week	Pair Corr
0.64	KO	Coca Cola	Pair Corr
0.4	INTC	Intel	Pair Corr
0.36	IBM	International Business	Pair Corr
0.35	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	RRRZX	GCGGX	SRMAX	SRMCX	RRRAX	RRRCX	RRREX	RRRSX	RRRRX
RRRZX		0.64	0.68	0.71	1.0	1.0	1.0	1.0	1.0	RRRZX
GCGGX	0.64		0.84	0.88	0.63	0.61	0.63	0.62	0.64	GCGGX
SRMAX	0.68	0.84		0.98	0.67	0.65	0.67	0.66	0.68	SRMAX
SRMCX	0.71	0.88	0.98		0.7	0.69	0.71	0.7	0.71	SRMCX
RRRAX	1.0	0.63	0.67	0.7		1.0	1.0	1.0	1.0	RRRAX
RRRCX	1.0	0.61	0.65	0.69	1.0		1.0	1.0	1.0	RRRCX
RRREX	1.0	0.63	0.67	0.71	1.0	1.0		1.0	1.0	RRREX
RRRSX	1.0	0.62	0.66	0.7	1.0	1.0	1.0		1.0	RRRSX
RRRRX	1.0	0.64	0.68	0.71	1.0	1.0	1.0	1.0		RRRRX
	RRRZX	GCGGX	SRMAX	SRMCX	RRRAX	RRRCX	RRREX	RRRSX	RRRRX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Small 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 Small'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
RRRZX	0.83	0.00	0.06	(0.14)	1.08	(0.86)	1.61	(1.68)	4.71
GCGGX	0.23	0.04	0.33	0.90	0.14	(0.29)	0.60	(0.35)	1.76
SRMAX	0.05	0.00	0.54	1.02	0.00	(0.12)	0.10	(0.10)	0.41
SRMCX	0.05	0.00	0.64	0.16	0.00	(0.12)	0.10	(0.10)	0.31
RRRAX	0.84	0.00	0.06	0.07	1.07	(0.89)	1.61	(1.71)	4.75
RRRCX	0.84	0.00	0.06	0.21	1.09	(0.86)	1.65	(1.69)	4.72
RRREX	0.83	0.00	0.06	(0.08)	1.06	(0.89)	1.61	(1.69)	4.71
RRRSX	0.84	0.00	0.06	0.11	1.07	(0.89)	1.62	(1.71)	4.70
RRRRX	0.83	0.00	0.06	(0.13)	1.06	(0.88)	1.61	(1.68)	4.71

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