Deutsche Croci Correlations

Mutual Funds USA . 
Fund . Deutsche Croci Equity
KDHSX Fund  USD 52.48  0.74  1.39%   
The current 90-days correlation between Deutsche Croci Equity and Deutsche Gnma Fund is 0.01 (i.e., Significant diversification). The correlation of Deutsche Croci 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 Croci Correlation With Market

Poor diversification

The correlation between Deutsche Croci Equity and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Croci Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Deutsche Croci 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

  0.68SSLCX Deutsche Small CapPairCorr
  1.0KDHCX Deutsche Croci EquityPairCorr
  0.68SZCIX Deutsche Small CapPairCorr

Moving against Deutsche Mutual Fund

  0.67KTCCX Deutsche Science AndPairCorr
  0.67KTCAX Deutsche Science AndPairCorr
  0.66SCMAX Deutsche MassachusettsPairCorr
  0.62SUWAX Deutsche E EquityPairCorr
  0.62SEKAX Deutsche Emerging MarketsPairCorr
  0.62SEKRX Dws Emerging MarketsPairCorr
  0.61KTCIX Deutsche Science AndPairCorr
  0.61KTCSX Deutsche Science AndPairCorr
  0.57GGGGX Deutsche GnmaPairCorr
  0.57SEKIX Deutsche Emerging MarketsPairCorr
  0.56GCGGX Deutsche GnmaPairCorr
  0.53KTRCX Deutsche Global IncomePairCorr
  0.53KTRIX Deutsche Global IncomePairCorr
  0.53KTRZX Deutsche Global IncomePairCorr
  0.53SCDGX Deutsche E EquityPairCorr
  0.53SUWCX Deutsche E EquityPairCorr
  0.51BTIIX Deutsche Equity 500PairCorr
  0.51BTIEX Deutsche Equity 500PairCorr
  0.44SRMAX Deutsche Short TermPairCorr
  0.42SUHAX Deutsche Health AndPairCorr
  0.36SCHLX Deutsche Health AndPairCorr
  0.36SUHIX Deutsche Health AndPairCorr
  0.34SRMCX Deutsche Short TermPairCorr
  0.65KNTAX Deutsche New YorkPairCorr
  0.65SMLAX Deutsche Managed MunPairCorr
  0.65SNWYX Deutsche New YorkPairCorr
  0.62DESUX Dws Esg CorePairCorr
  0.61SGGAX Deutsche Large CapPairCorr
  0.6SXPCX Deutsche Sp 500PairCorr
  0.58SGINX Deutsche GnmaPairCorr
  0.58PPLSX Deutsche Multi AssetPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Croci 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 Croci'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  0.16  0.02 (0.13)(10.34) 0.00 
(0.21)
 0.34 
(0.25)
 0.92 
SRMAX  0.04  0.00 (0.44) 0.06  0.00 
(0.14)
 0.10 
(0.10)
 0.40 
SRMCX  0.04  0.00 (0.47) 0.28  0.00 
(0.13)
 0.10 
(0.10)
 0.30 
KTCCX  0.90  0.08  0.03  0.96  1.20 
(0.94)
 1.61 
(1.70)
 6.27 
KTCAX  0.89  0.08  0.03  0.98  1.18 
(0.91)
 1.60 
(1.72)
 6.24 
KTCIX  0.91  0.02  0.02  0.07  1.23 
(0.89)
 1.61 
(1.72)
 6.26 
KTCSX  0.91  0.02  0.02  0.07  1.23 
(0.89)
 1.60 
(1.72)
 6.25 
SRMSX  0.04  0.00 (0.35) 0.06  0.00 
(0.13)
 0.10 
(0.10)
 0.41 
KTRAX  0.37  0.05  0.02  11.69  0.35 
(0.45)
 0.74 
(0.64)
 2.42 
KTRCX  0.38  0.01 (0.01) 0.07  0.38 
(0.47)
 0.74 
(0.64)
 2.52 

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