Deutsche Small Correlations

SSDSX Fund

USD 32.45 0.13 0.40%

The current 90-days correlation between Deutsche Small Cap and Ivy Science And is -0.19 (i.e., Good 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

Good diversification

The correlation between Deutsche Small Cap 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 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 state.

Moving together with Deutsche Mutual Fund

0.76	VSGAX	Vanguard Small Cap	Pair Corr
0.97	VSGIX	Vanguard Small Cap	Pair Corr
0.97	VISGX	Vanguard Small Cap	Pair Corr
0.92	VEXPX	Vanguard Explorer	Pair Corr
0.92	VEXRX	Vanguard Explorer	Pair Corr
0.94	JGMIX	Janus Triton	Pair Corr
0.94	JGMRX	Janus Triton	Pair Corr
0.94	JGMAX	Janus Triton	Pair Corr
0.94	JGMCX	Janus Triton	Pair Corr
0.93	JGMNX	Janus Triton	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.8	BAC	Bank of America	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr

Moving against Deutsche Mutual Fund

0.72	VZ	Verizon Communications	Pair Corr
0.63	KO	Coca Cola	Pair Corr
0.6	TRV	The Travelers Companies	Pair Corr
0.6	PG	Procter Gamble	Pair Corr
0.54	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.44	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	WSTRX	DTEYX	BSTSX	GISTX	BGSCX	JNGTX	NWHOX	TOWTX
WSTRX		0.99	0.96	0.98	0.96	0.96	0.81	0.93	WSTRX
DTEYX	0.99		0.97	0.99	0.96	0.97	0.82	0.95	DTEYX
BSTSX	0.96	0.97		0.98	1.0	1.0	0.83	0.86	BSTSX
GISTX	0.98	0.99	0.98		0.98	0.98	0.83	0.94	GISTX
BGSCX	0.96	0.96	1.0	0.98		1.0	0.83	0.86	BGSCX
JNGTX	0.96	0.97	1.0	0.98	1.0		0.83	0.88	JNGTX
NWHOX	0.81	0.82	0.83	0.83	0.83	0.83		0.76	NWHOX
TOWTX	0.93	0.95	0.86	0.94	0.86	0.88	0.76		TOWTX
	WSTRX	DTEYX	BSTSX	GISTX	BGSCX	JNGTX	NWHOX	TOWTX

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 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
WSTRX	1.34	(0.06)	(0.12)	2.01	(3.60)	7.04
DTEYX	1.37	(0.06)	(0.12)	2.50	(3.77)	7.35
BSTSX	1.48	(0.10)	(0.16)	2.37	(3.69)	9.07
GISTX	1.25	(0.09)	(0.15)	1.77	(3.88)	7.54
BGSCX	1.48	(0.10)	(0.16)	2.37	(3.68)	9.08
JNGTX	1.18	(0.07)	(0.14)	2.00	(3.18)	6.41
NWHOX	1.50	(0.29)	(0.44)	2.08	(3.60)	14.43
TOWTX	0.69	(0.05)	(0.13)	1.31	(1.85)	4.10

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