Deutsche Real Correlations

Mutual Funds . USA . 
Fund . Deutsche Real Assets
AAAAX Fund  USD 12.28  0.05  0.41%   
The current 90-days correlation between Deutsche Real Assets and Deutsche Gnma Fund is 0.51 (i.e., Very weak diversification). The correlation of Deutsche Real 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 Real Correlation With Market

Modest diversification

The correlation between Deutsche Real Assets and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Real Assets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Deutsche Real Assets. 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

  0.62GCGGX Deutsche GnmaPairCorr
  0.88SRMAX Deutsche Short TermPairCorr
  0.87SRMCX Deutsche Short TermPairCorr
  0.86KTCCX Deutsche Science AndPairCorr
  0.86KTCAX Deutsche Science AndPairCorr
  0.86KTCIX Deutsche Science AndPairCorr
  0.86KTCSX Deutsche Science AndPairCorr
  0.87SRMSX Deutsche Short TermPairCorr
  0.89KTRAX Deutsche Global IncomePairCorr
  0.89KTRCX Deutsche Global IncomePairCorr
  0.89KTRIX Deutsche Global IncomePairCorr
  0.89KTRSX Deutsche Global IncomePairCorr
  0.89KTRZX Deutsche Global IncomePairCorr
  0.84SSDZX Deutsche Small CapPairCorr
  0.84SSDAX Deutsche Small CapPairCorr
  0.84SSDCX Deutsche Small CapPairCorr
  0.84SSDIX Deutsche Small CapPairCorr
  0.84SSDSX Deutsche Small CapPairCorr
  0.85SSLCX Deutsche Small CapPairCorr
  0.71KDHSX Deutsche Croci EquityPairCorr
  0.7KDHCX Deutsche Croci EquityPairCorr
  0.71KDHAX Deutsche Croci EquityPairCorr
  0.71KDHIX Deutsche Croci EquityPairCorr
  0.85SCDGX Deutsche E EquityPairCorr
  0.88SCEMX Deutsche EnhancedPairCorr
  0.91SCINX Deutsche Croci InterPairCorr
  0.85SCGSX Deutsche Capital GrowthPairCorr
  0.68SCMAX Deutsche MassachusettsPairCorr
  0.84SCMTX Deutsche IntermediatePairCorr
  0.89SCOBX Deutsche Global GrowthPairCorr
  0.84SCQGX Deutsche Large CapPairCorr
  0.85SCPIX Deutsche Sp 500PairCorr
  0.82SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Real 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 Real'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  0.00 (0.32) 0.10  0.30 
(0.30)
 0.52 
(0.52)
 1.48 
SRMAX  0.06  0.01 (0.87) 0.88  0.00 
(0.13)
 0.10 
(0.10)
 0.41 
SRMCX  0.06  0.01 (0.89) 0.79  0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.90  0.22  0.22  0.34  0.60 
(1.13)
 2.37 
(1.31)
 6.17 
KTCAX  0.89  0.22  0.22  0.35  0.59 
(1.08)
 2.37 
(1.31)
 6.07 
KTCIX  0.90  0.22  0.23  0.35  0.59 
(1.11)
 2.38 
(1.31)
 6.06 
KTCSX  0.90  0.22  0.22  0.35  0.59 
(1.11)
 2.40 
(1.32)
 6.08 
SRMSX  0.06  0.01 (0.87) 0.77  0.00 
(0.13)
 0.20 
(0.10)
 0.41 
KTRAX  0.33  0.10  0.04  0.42  0.00 
(0.43)
 1.03 
(0.45)
 1.94 
KTRCX  0.32  0.10  0.03  0.42  0.00 
(0.42)
 1.03 
(0.55)
 1.94 

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