Deutsche Global Correlations

TIPSX Fund

USD 9.67 0.01 0.10%

The current 90-days correlation between Deutsche Global Inflation and Small Pany Growth is 0.17 (i.e., Average diversification). The correlation of Deutsche Global 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 Global Correlation With Market

Significant diversification

The correlation between Deutsche Global Inflation and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Global Inflation 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 Global Inflation. 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 state.

Moving together with Deutsche Mutual Fund

0.89	WTLGX	Wisdomtree Digital Trust	Pair Corr
0.67	WTSIX	Wisdomtree Digital Trust	Pair Corr
0.96	WTSTX	Wisdomtree Digital Trust	Pair Corr
1.0	VIPSX	Vanguard Inflation	Pair Corr
0.96	VIPIX	Vanguard Inflation	Pair Corr
0.95	VAIPX	Vanguard Inflation	Pair Corr
0.99	FLIBX	American Funds Inflation	Pair Corr
0.99	FIBLX	American Funds Inflation	Pair Corr
0.96	BFICX	American Funds Inflation	Pair Corr
0.96	BFIAX	American Funds Inflation	Pair Corr
0.96	BFIFX	American Funds Inflation	Pair Corr
0.96	PARRX	Real Return Fund	Pair Corr
0.99	PRLPX	Pimco Real Return	Pair Corr
0.71	VEMBX	Vanguard Emerging Markets	Pair Corr

Moving against Deutsche Mutual Fund

0.84	FLTTX	Wisdomtree Floating Rate	Pair Corr
0.7	FGRIX	Fidelity Growth Income	Pair Corr
0.65	INPIX	Internet Ultrasector Steady Growth	Pair Corr
0.64	INPSX	Internet Ultrasector Steady Growth	Pair Corr
0.63	TECHX	Wisdomtree Digital Trust	Pair Corr
0.61	SPXUX	Wisdomtree Digital Trust	Pair Corr
0.58	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.57	RYVLX	Nasdaq 100 2x	Pair Corr
0.57	UOPIX	Ultra Nasdaq 100	Pair Corr
0.57	RYCCX	Nasdaq 100 2x	Pair Corr
0.56	RYVYX	Nasdaq 100 2x	Pair Corr
0.56	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.73	CLM	Cornerstone Strategic	Pair Corr
0.71	WAMIX	Wstcm Credit Select	Pair Corr
0.69	GRFXX	Money Market Obligations	Pair Corr
0.65	WCPSX	Mobile Telecommunicatio	Pair Corr
0.64	FIVUX	First Investors Oppo	Pair Corr
0.62	AMGOX	Alger Mid Cap	Pair Corr
0.62	USPRX	Sp 500 Index	Pair Corr
0.61	FZROX	Fidelity Zero Total	Pair Corr
0.61	VAADX	Virtus Convertible	Pair Corr
0.6	VFIAX	Vanguard 500 Index	Pair Corr
0.6	VFINX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	MSSGX	VYRDX	SCYVX	GMSMX	KSCYX	ASCGX	PEVAX
MSSGX		0.92	0.93	0.94	0.9	0.92	0.9	MSSGX
VYRDX	0.92		0.95	0.96	0.94	0.94	0.98	VYRDX
SCYVX	0.93	0.95		1.0	0.89	0.97	0.95	SCYVX
GMSMX	0.94	0.96	1.0		0.9	0.98	0.96	GMSMX
KSCYX	0.9	0.94	0.89	0.9		0.88	0.91	KSCYX
ASCGX	0.92	0.94	0.97	0.98	0.88		0.95	ASCGX
PEVAX	0.9	0.98	0.95	0.96	0.91	0.95		PEVAX
	MSSGX	VYRDX	SCYVX	GMSMX	KSCYX	ASCGX	PEVAX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Global 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 Global'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
MSSGX	1.40	0.67	0.42	4.84	0.78	(1.83)	3.46	(1.71)	7.23
VYRDX	0.78	0.02	0.09	0.13	0.48	(0.95)	1.72	(1.21)	7.55
SCYVX	0.84	0.17	0.09	1.16	0.61	(1.00)	1.95	(1.44)	7.36
GMSMX	0.76	0.18	0.11	0.83	0.51	(0.89)	1.82	(1.19)	6.31
KSCYX	1.49	0.41	0.17	0.55	1.83	(1.60)	3.29	(2.82)	16.43
ASCGX	1.03	0.23	0.14	0.65	0.86	(1.18)	2.24	(1.88)	6.62
PEVAX	0.73	0.02	0.07	0.13	0.46	(0.92)	1.78	(1.13)	5.73

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