| SUHAX Fund | | | USD 39.06 0.49 1.27% |
The current 90-days correlation between Deutsche Health And and Flakqx is -0.13 (i.e., Good diversification). The correlation of Deutsche Health 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 Health Correlation With Market
Very weak diversification
The correlation between Deutsche Health And and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Health And and DJI in the same portfolio, assuming nothing else is changed.
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