Deutsche Short Correlations

Mutual Funds . USA . 
Fund . Deutsche Short Duration
DBPIX Fund  USD 8.45  0.01  0.12%   
The current 90-days correlation between Deutsche Short Duration and Deutsche Gnma Fund is 0.6 (i.e., Poor diversification). The correlation of Deutsche Short 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 Short Correlation With Market

Significant diversification

The correlation between Deutsche Short Duration and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Short Duration and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deutsche Short Duration. 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

  0.76GCGGX Deutsche GnmaPairCorr
  0.99SRMAX Deutsche Short TermPairCorr
  0.98SRMCX Deutsche Short TermPairCorr
  0.93KTCCX Deutsche Science AndPairCorr
  0.93KTCAX Deutsche Science AndPairCorr
  0.93KTCIX Deutsche Science AndPairCorr
  0.93KTCSX Deutsche Science AndPairCorr
  0.98SRMSX Deutsche Short TermPairCorr
  0.95KTRAX Deutsche Global IncomePairCorr
  0.94KTRCX Deutsche Global IncomePairCorr
  0.94KTRIX Deutsche Global IncomePairCorr
  0.94KTRSX Deutsche Global IncomePairCorr
  0.94KTRZX Deutsche Global IncomePairCorr
  0.92SSDZX Deutsche Small CapPairCorr
  0.93SSDAX Deutsche Small CapPairCorr
  0.93SSDCX Deutsche Small CapPairCorr
  0.93SSDIX Deutsche Small CapPairCorr
  0.93SSDSX Deutsche Small CapPairCorr
  0.92SSLCX Deutsche Small CapPairCorr
  0.78KDHSX Deutsche Croci EquityPairCorr
  0.78KDHCX Deutsche Croci EquityPairCorr
  0.79KDHAX Deutsche Croci EquityPairCorr
  0.79KDHIX Deutsche Croci EquityPairCorr
  0.94SCDGX Deutsche E EquityPairCorr
  0.96SCEMX Deutsche EnhancedPairCorr
  0.92SCINX Deutsche Croci InterPairCorr
  0.92SCGSX Deutsche Capital GrowthPairCorr
  0.7SCMAX Deutsche MassachusettsPairCorr
  0.89SCOBX Deutsche Global GrowthPairCorr
  0.92SCQGX Deutsche Large CapPairCorr
  0.93SCPIX Deutsche Sp 500PairCorr
  0.88SCSBX Deutsche E PlusPairCorr
  0.92SUIAX Deutsche Croci InterPairCorr

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 Short 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 Short'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  0.01 (0.34) 0.55  0.30 
(0.30)
 0.52 
(0.52)
 1.48 
SRMAX  0.06  0.02 (0.91)(14.88) 0.00 
(0.13)
 0.10 
(0.10)
 0.41 
SRMCX  0.06  0.01 (0.93)(1.87) 0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.90  0.36  0.21 (5.44) 0.60 
(1.13)
 2.37 
(1.31)
 6.17 
KTCAX  0.89  0.37  0.22 (5.63) 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  0.02 (0.90)(1.95) 0.00 
(0.13)
 0.20 
(0.10)
 0.41 
KTRAX  0.33  0.15  0.02 (2.84) 0.00 
(0.43)
 1.03 
(0.45)
 1.94 
KTRCX  0.32  0.09  0.01  0.41  0.00 
(0.42)
 1.03 
(0.55)
 1.94 

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