Deutsche Small Correlations

Mutual Funds . USA . 
Fund . Deutsche Small Cap
SZCIX Fund  USD 51.47  0.49  0.96%   
The current 90-days correlation between Deutsche Small Cap and High Yield Fund Investor is 0.41 (i.e., Very weak diversification). The correlation of Deutsche Small 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 Small Correlation With Market

Very weak diversification

The correlation between Deutsche Small Cap 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 Small Cap 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 Small Cap. 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

  0.61SRMCX Deutsche Short TermPairCorr
  0.68KTRIX Deutsche Global IncomePairCorr
  0.68KTRSX Deutsche Global IncomePairCorr
  0.68KTRZX Deutsche Global IncomePairCorr
  0.76SSDZX Deutsche Small CapPairCorr
  0.76SSDAX Deutsche Small CapPairCorr
  0.75SSDCX Deutsche Small CapPairCorr
  0.76SSDIX Deutsche Small CapPairCorr
  1.0SSLCX Deutsche Small CapPairCorr
  0.7KDHSX Deutsche Croci EquityPairCorr
  0.7KDHCX Deutsche Croci EquityPairCorr
  0.7KDHAX Deutsche Croci EquityPairCorr
  0.7KDHIX Deutsche Croci EquityPairCorr
  0.73SCDGX Deutsche E EquityPairCorr
  0.77SCGSX Deutsche Capital GrowthPairCorr
  0.67SCHLX Deutsche Health AndPairCorr
  0.66SCOBX Deutsche Global GrowthPairCorr
  0.77SCQGX Deutsche Large CapPairCorr
  0.68SCPIX Deutsche Sp 500PairCorr
  0.63SCSBX 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 Small 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 Small'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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