Deutsche High Correlations

Mutual Funds . USA . 
Fund . Deutsche High Income
KHYCX Fund  USD 4.47  0.01  0.22%   
The current 90-days correlation between Deutsche High Income and Deutsche Gnma Fund is 0.07 (i.e., Significant diversification). The correlation of Deutsche High 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 High Correlation With Market

Very weak diversification

The correlation between Deutsche High Income and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche High Income 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 High Income. 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

  0.65GCGGX Deutsche GnmaPairCorr
  0.96SRMAX Deutsche Short TermPairCorr
  0.96SRMCX Deutsche Short TermPairCorr
  0.97KTCCX Deutsche Science AndPairCorr
  0.97KTCAX Deutsche Science AndPairCorr
  0.98KTCIX Deutsche Science AndPairCorr
  0.98KTCSX Deutsche Science AndPairCorr
  0.97KTRAX Deutsche Global IncomePairCorr
  0.96SSDZX Deutsche Small CapPairCorr
  0.97SSDAX Deutsche Small CapPairCorr
  0.97SSDCX Deutsche Small CapPairCorr
  0.97SSDIX Deutsche Small CapPairCorr
  0.83KDHCX Deutsche Croci EquityPairCorr
  0.84KDHIX Deutsche Croci EquityPairCorr
  0.97SCDGX Deutsche E EquityPairCorr
  0.95SCINX Deutsche Croci InterPairCorr
  0.98SCGSX Deutsche Capital GrowthPairCorr
  0.65SCMAX Deutsche MassachusettsPairCorr
  0.94SCOBX Deutsche Global GrowthPairCorr
  0.98SCPIX Deutsche Sp 500PairCorr
  0.95SUIRX Deutsche Croci InterPairCorr
  0.98BTIIX Deutsche Equity 500PairCorr
  0.98BTIEX Deutsche Equity 500PairCorr
  0.97SUPAX Deutsche Multi AssetPairCorr
  0.97SUWAX Deutsche E EquityPairCorr
  0.96SDGZX Deutsche Capital GrowthPairCorr
  0.98SDGTX Deutsche Capital GrowthPairCorr
  0.83RRGCX Deutsche Global RealPairCorr
  0.84RRGAX Deutsche Global RealPairCorr
  0.84RRGIX Deutsche Global RealPairCorr
  0.84RRGTX Deutsche Global RealPairCorr
  0.61RRRZX Deutsche Real EstatePairCorr
  0.95SEKAX Deutsche Emerging MarketsPairCorr
  0.96SEKIX Deutsche Emerging MarketsPairCorr

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 High 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 High'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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