Deutsche Croci Correlations

SUIIX Fund  USD 55.14  0.45  0.81%   
The current 90-days correlation between Deutsche Croci Inter and American Mutual Fund is 0.58 (i.e., Very weak diversification). The correlation of Deutsche Croci 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 Croci Correlation With Market

Very weak diversification

The correlation between Deutsche Croci International and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Croci International 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 Croci International. 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 gross domestic product.

Moving together with Deutsche Mutual Fund

  0.93GCGGX Deutsche GnmaPairCorr
  0.85SRMAX Deutsche Short TermPairCorr
  0.88SRMCX Deutsche Short TermPairCorr
  0.87SRMSX Deutsche Short TermPairCorr
  0.78SCEMX Deutsche EnhancedPairCorr
  1.0SCINX Deutsche Croci InterPairCorr
  0.65SCHLX Deutsche Health AndPairCorr
  0.82SCOBX Deutsche Global GrowthPairCorr
  0.92SCSBX Deutsche E PlusPairCorr

Moving against Deutsche Mutual Fund

  0.72SSDCX Deutsche Small CapPairCorr
  0.71SSDZX Deutsche Small CapPairCorr
  0.71SSDAX Deutsche Small CapPairCorr
  0.71SSDIX Deutsche Small CapPairCorr
  0.71SSDSX Deutsche Small CapPairCorr
  0.67KTCCX Deutsche Science AndPairCorr
  0.66KTCAX Deutsche Science AndPairCorr
  0.66KTCIX Deutsche Science AndPairCorr
  0.66KTCSX Deutsche Science AndPairCorr
  0.55SCDGX Deutsche E EquityPairCorr
  0.54SCGSX Deutsche Capital GrowthPairCorr
  0.32SSLCX Deutsche Small CapPairCorr
  0.64SCQGX Deutsche Large CapPairCorr
  0.57SUWCX Deutsche E EquityPairCorr
  0.56SDGCX Deutsche Capital GrowthPairCorr
  0.55SUWZX Deutsche E EquityPairCorr
  0.55SUWAX Deutsche E EquityPairCorr
  0.55SUWIX Deutsche E EquityPairCorr
  0.55SDGAX Deutsche Capital GrowthPairCorr
  0.54SDGZX Deutsche Capital GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Croci 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 Croci'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.