Dws Esg Correlations

Mutual Funds . USA . 
Fund . Dws Esg Core
DESSX Fund  USD 24.13  0.01  0.04%   
The current 90-days correlation between Dws Esg Core and Deutsche Gnma Fund is 0.21 (i.e., Modest diversification). The correlation of Dws Esg 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.

Dws Esg Correlation With Market

Almost no diversification

The correlation between Dws Esg Core and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dws Esg Core 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 Dws Esg Core. 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 Dws Mutual Fund

  0.95SRMAX Deutsche Short TermPairCorr
  0.96SRMCX Deutsche Short TermPairCorr
  0.99KTCCX Deutsche Science AndPairCorr
  1.0KTCAX Deutsche Science AndPairCorr
  1.0KTCIX Deutsche Science AndPairCorr
  1.0KTCSX Deutsche Science AndPairCorr
  0.95SRMSX Deutsche Short TermPairCorr
  0.99KTRAX Deutsche Global IncomePairCorr
  0.99KTRCX Deutsche Global IncomePairCorr
  0.99KTRIX Deutsche Global IncomePairCorr
  0.99KTRSX Deutsche Global IncomePairCorr
  0.99KTRZX Deutsche Global IncomePairCorr
  0.99SSDZX Deutsche Small CapPairCorr
  0.99SSDAX Deutsche Small CapPairCorr
  0.99SSDCX Deutsche Small CapPairCorr
  0.99SSDIX Deutsche Small CapPairCorr
  0.99SSDSX Deutsche Small CapPairCorr
  0.99SSLCX Deutsche Small CapPairCorr
  0.88KDHSX Deutsche Croci EquityPairCorr
  0.87KDHCX Deutsche Croci EquityPairCorr
  0.89KDHAX Deutsche Croci EquityPairCorr
  0.88KDHIX Deutsche Croci EquityPairCorr
  1.0SCDGX Deutsche E EquityPairCorr
  0.97SCEMX Deutsche EnhancedPairCorr
  0.94SCINX Deutsche Croci InterPairCorr
  1.0SCGSX Deutsche Capital GrowthPairCorr
  0.67SCMAX Deutsche MassachusettsPairCorr
  0.86SCMTX Deutsche IntermediatePairCorr
  0.96SCOBX Deutsche Global GrowthPairCorr
  0.99SCQGX Deutsche Large CapPairCorr
  1.0SCPIX Deutsche Sp 500PairCorr
  0.79SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Dws Mutual Fund performing well and Dws Esg 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 Dws Esg'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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