Deutsche Health Correlations

SUHCX Fund

USD 23.89 0.30 1.27%

The current 90-days correlation between Deutsche Health And and Gabelli Gold Fund is 0.31 (i.e., Weak 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 0.42 (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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Deutsche Health And. 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 main economic indicators.

Moving together with Deutsche Mutual Fund

0.65	GCGGX	Deutsche Gnma	Pair Corr
0.67	SRMCX	Deutsche Short Term	Pair Corr
0.94	SCHLX	Deutsche Health And	Pair Corr
0.68	SCSBX	Deutsche E Plus	Pair Corr
0.73	AAAPX	Deutsche Real Assets	Pair Corr
0.73	DBIWX	Dws Global Macro	Pair Corr
0.69	SNPTX	Dws Equity Sector	Pair Corr
0.94	VHCIX	Vanguard Health Care	Pair Corr
0.92	SHISX	Blackrock Health Sciences	Pair Corr
0.88	SHSCX	Blackrock Health Sciences	Pair Corr
0.91	SHSAX	Blackrock Health Sciences	Pair Corr
0.92	SHSSX	Blackrock Health Sciences	Pair Corr
0.66	GPBFX	Gmo E Plus	Pair Corr
0.62	WARCX	Wells Fargo Advantage	Pair Corr

Moving against Deutsche Mutual Fund

0.81	PQTIX	Aa Pimco Tr	Pair Corr
0.8	PQTAX	Pimco Trends Managed	Pair Corr
0.8	PQTNX	Pimco Trends Managed	Pair Corr
0.41	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	GLDAX	EPGIX	IIGCX	AGGWX	OCMAX	SGDLX
GLDAX		0.96	1.0	1.0	0.98	0.99	GLDAX
EPGIX	0.96		0.96	0.96	0.98	0.97	EPGIX
IIGCX	1.0	0.96		1.0	0.98	0.99	IIGCX
AGGWX	1.0	0.96	1.0		0.98	0.98	AGGWX
OCMAX	0.98	0.98	0.98	0.98		0.97	OCMAX
SGDLX	0.99	0.97	0.99	0.98	0.97		SGDLX
	GLDAX	EPGIX	IIGCX	AGGWX	OCMAX	SGDLX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Health 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 Health'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
GLDAX	1.12	0.09	0.06	0.18	1.55	(1.07)	2.79	(2.88)	7.13
EPGIX	1.34	0.05	0.03	0.12	1.78	(1.32)	2.56	(2.98)	7.74
IIGCX	1.27	0.12	0.07	0.23	1.67	(1.25)	2.68	(3.04)	7.27
AGGWX	1.27	0.09	0.05	0.15	1.72	(1.28)	2.71	(3.33)	7.23
OCMAX	1.26	0.09	0.06	0.24	1.69	(1.24)	2.45	(2.79)	7.17
SGDLX	1.23	0.04	0.03	0.10	1.67	(1.20)	2.36	(2.88)	6.91

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