Deutsche Health Correlations
| SUHIX Fund | USD 45.31 0.10 0.22% |
The current 90-days correlation between Deutsche Health And and Us Government Securities is 0.21 (i.e., Modest 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.
Deutsche |
Moving together with Deutsche Mutual Fund
| 0.81 | SRMAX | Deutsche Short Term | PairCorr |
| 0.8 | SRMCX | Deutsche Short Term | PairCorr |
| 0.82 | SRMSX | Deutsche Short Term | PairCorr |
| 0.62 | NOTAX | Deutsche Strategic High | PairCorr |
| 0.63 | NOTIX | Deutsche Strategic High | PairCorr |
| 0.81 | SCEMX | Deutsche Enhanced | PairCorr |
| 0.66 | SCINX | Deutsche Croci Inter | PairCorr |
| 1.0 | SCHLX | Deutsche Health And | PairCorr |
| 0.63 | SCMBX | Deutsche Managed Mun | PairCorr |
| 0.78 | SCMTX | Deutsche Intermediate | PairCorr |
| 0.8 | SCOBX | Deutsche Global Growth | PairCorr |
| 0.66 | SCSBX | Deutsche E Plus | PairCorr |
Related Correlations Analysis
| 0.91 | 1.0 | 1.0 | 0.99 | 1.0 | 0.99 | CGTCX | ||
| 0.91 | 0.92 | 0.92 | 0.89 | 0.92 | 0.9 | SSAGX | ||
| 1.0 | 0.92 | 1.0 | 0.99 | 1.0 | 0.99 | AMUSX | ||
| 1.0 | 0.92 | 1.0 | 0.99 | 1.0 | 1.0 | CGTAX | ||
| 0.99 | 0.89 | 0.99 | 0.99 | 0.99 | 1.0 | BIGLX | ||
| 1.0 | 0.92 | 1.0 | 1.0 | 0.99 | 0.99 | RGVJX | ||
| 0.99 | 0.9 | 0.99 | 1.0 | 1.0 | 0.99 | FIKPX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CGTCX | 0.25 | 0.03 | 0.27 | 0.53 | 0.23 | 0.61 | 1.56 | |||
| SSAGX | 0.06 | 0.01 | 0.72 | 2.76 | 0.00 | 0.10 | 0.51 | |||
| AMUSX | 0.25 | 0.03 | 0.29 | 0.70 | 0.21 | 0.60 | 1.55 | |||
| CGTAX | 0.25 | 0.03 | 0.28 | 0.72 | 0.21 | 0.60 | 1.55 | |||
| BIGLX | 0.25 | 0.03 | 0.24 | 0.46 | 0.24 | 0.56 | 1.58 | |||
| RGVJX | 0.25 | 0.03 | 0.28 | 0.69 | 0.21 | 0.60 | 1.55 | |||
| FIKPX | 0.23 | 0.02 | 0.26 | 1.29 | 0.19 | 0.56 | 1.34 |