Deutsche Health Correlations

Mutual Funds . USA . 
Fund . Deutsche Health And
SUHCX Fund  USD 23.29  0.05  0.21%   
The current 90-days correlation between Deutsche Health And and Mutual Of America is 0.48 (i.e., Very 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 0.56 (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

  0.8SRMAX Deutsche Short TermPairCorr
  0.79SRMCX Deutsche Short TermPairCorr
  0.81SRMSX Deutsche Short TermPairCorr
  0.62NOTAX Deutsche Strategic HighPairCorr
  0.63NOTIX Deutsche Strategic HighPairCorr
  0.8SCEMX Deutsche EnhancedPairCorr
  0.64SCINX Deutsche Croci InterPairCorr
  1.0SCHLX Deutsche Health AndPairCorr
  0.63SCMBX Deutsche Managed MunPairCorr
  0.78SCMTX Deutsche IntermediatePairCorr
  0.79SCOBX Deutsche Global GrowthPairCorr
  0.64SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis

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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.

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