Deutsche European Correlations

Mutual Funds . USA . 
Fund . Deutsche European Equity
DURCX Fund  USD 13.73  0.01  0.07%   
The current 90-days correlation between Deutsche European Equity and Deutsche Gnma Fund is 0.39 (i.e., Weak diversification). The correlation of Deutsche European 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 European Correlation With Market

Good diversification

The correlation between Deutsche European Equity and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche European Equity 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 European Equity. 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 main economic indicators.

Moving together with Deutsche Mutual Fund

  0.85SRMAX Deutsche Short TermPairCorr
  0.86SRMCX Deutsche Short TermPairCorr
  0.91KTCCX Deutsche Science AndPairCorr
  0.91KTCAX Deutsche Science AndPairCorr
  0.91KTCIX Deutsche Science AndPairCorr
  0.91KTCSX Deutsche Science AndPairCorr
  0.85SRMSX Deutsche Short TermPairCorr
  0.94KTRAX Deutsche Global IncomePairCorr
  0.93KTRCX Deutsche Global IncomePairCorr
  0.93KTRIX Deutsche Global IncomePairCorr
  0.65NOTAX Deutsche Strategic HighPairCorr
  0.68NOTIX Deutsche Strategic HighPairCorr
  0.94KTRSX Deutsche Global IncomePairCorr
  0.94KTRZX Deutsche Global IncomePairCorr
  0.89SSDZX Deutsche Small CapPairCorr
  0.89SSDAX Deutsche Small CapPairCorr
  0.87SSDCX Deutsche Small CapPairCorr
  0.87SSDIX Deutsche Small CapPairCorr
  0.87SSDSX Deutsche Small CapPairCorr
  0.88SSLCX Deutsche Small CapPairCorr
  0.8KDHSX Deutsche Croci EquityPairCorr
  0.79KDHCX Deutsche Croci EquityPairCorr
  0.83KDHAX Deutsche Croci EquityPairCorr
  0.8KDHIX Deutsche Croci EquityPairCorr
  0.89SCDGX Deutsche E EquityPairCorr
  0.87SCEMX Deutsche EnhancedPairCorr
  0.94SCINX Deutsche Croci InterPairCorr
  0.91SCGSX Deutsche Capital GrowthPairCorr
  0.72SCMAX Deutsche MassachusettsPairCorr
  0.85SCMTX Deutsche IntermediatePairCorr
  0.95SCOBX Deutsche Global GrowthPairCorr
  0.91SCQGX Deutsche Large CapPairCorr
  0.91SCPIX Deutsche Sp 500PairCorr
  0.66SCSBX 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 European 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 European'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  0.02 (0.31) 1.15  0.29 
(0.31)
 0.60 
(0.52)
 1.48 
SRMAX  0.06  0.02 (0.84)(6.72) 0.00 
(0.13)
 0.20 
(0.10)
 0.41 
SRMCX  0.06  0.02 (0.83)(1.99) 0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.90  0.37  0.22 (5.50) 0.60 
(1.14)
 2.37 
(1.31)
 6.17 
KTCAX  0.89  0.37  0.22 (5.70) 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 (0.81)(2.05) 0.00 
(0.13)
 0.20 
(0.10)
 0.41 
KTRAX  0.35  0.17  0.09 (2.66) 0.00 
(0.45)
 1.08 
(0.45)
 2.00 
KTRCX  0.32  0.10  0.03  0.42  0.00 
(0.42)
 1.03 
(0.55)
 1.94 

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