Deutsche E Correlations

SUWZX Fund  USD 35.11  0.33  0.95%   
The current 90-days correlation between Deutsche E Equity and Deutsche Gnma Fund is 0.11 (i.e., Average diversification). The correlation of Deutsche E 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 E Correlation With Market

Average diversification

The correlation between Deutsche E Equity and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche E Equity 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 E Equity. 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 nation.

Moving together with Deutsche Mutual Fund

  0.72KTCCX Deutsche Science AndPairCorr
  0.77KTCAX Deutsche Science AndPairCorr
  0.81KTCIX Deutsche Science AndPairCorr
  0.84KTCSX Deutsche Science AndPairCorr
  0.62KTRAX Deutsche Global IncomePairCorr
  0.69KTRCX Deutsche Global IncomePairCorr
  0.62KTRIX Deutsche Global IncomePairCorr
  0.65KTRSX Deutsche Global IncomePairCorr
  0.66KTRZX Deutsche Global IncomePairCorr
  0.89SSDZX Deutsche Small CapPairCorr
  0.89SSDAX Deutsche Small CapPairCorr
  0.9SSDCX Deutsche Small CapPairCorr
  0.89SSDIX Deutsche Small CapPairCorr
  0.85SSDSX Deutsche Small CapPairCorr
  0.74SSLCX Deutsche Small CapPairCorr
  0.89KDHSX Deutsche Croci EquityPairCorr
  0.9KDHCX Deutsche Croci EquityPairCorr
  0.9KDHAX Deutsche Croci EquityPairCorr
  0.9KDHIX Deutsche Croci EquityPairCorr
  0.92SCDGX Deutsche E Equity Potential GrowthPairCorr
  0.7SCEMX Deutsche EnhancedPairCorr
  0.89SCGSX Deutsche Capital GrowthPairCorr
  0.83SCQGX Deutsche Large CapPairCorr
  0.93SCPIX Deutsche Sp 500PairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
KTCSXKTCIX
SRMSXSRMCX
KTRCXKTRAX
SRMSXSRMAX
KTRAXKTCCX
KTCSXKTCAX
  
High negative correlations   
KTCIXGCGGX
KTCSXGCGGX
KTCAXGCGGX
KTCIXSRMCX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche E 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 E'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCGGX  0.28 (0.08) 0.00 (0.95) 0.00 
 0.44 
 1.99 
SRMAX  0.06 (0.01) 0.00 (0.63) 0.00 
 0.20 
 0.61 
SRMCX  0.05 (0.02) 0.00 (1.74) 0.00 
 0.10 
 0.51 
KTCCX  1.22 (0.20) 0.00 (0.88) 0.00 
 1.76 
 24.81 
KTCAX  0.95 (0.01) 0.00  0.03  2.38 
 1.78 
 11.67 
KTCIX  0.91  0.03  0.00  0.26  2.09 
 1.77 
 10.31 
KTCSX  0.93  0.01 (0.01) 0.13  2.37 
 1.78 
 11.32 
SRMSX  0.06 (0.02) 0.00 (1.60) 0.00 
 0.10 
 0.61 
KTRAX  0.55 (0.23) 0.00 (0.52) 0.00 
 0.59 
 12.74 
KTRCX  0.53 (0.22) 0.00 (0.94) 0.00 
 0.59 
 12.56