Deutsche Science Correlations

KTCSX Fund

USD 50.21 0.19 0.38%

The current 90-days correlation between Deutsche Science And and Fpa Queens Road is 0.58 (i.e., Very weak diversification). The correlation of Deutsche Science 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 Science Correlation With Market

Very weak diversification

The correlation between Deutsche Science And and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Science And 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 Science And. 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

0.89	GCGGX	Deutsche Gnma	Pair Corr
0.96	KTCCX	Deutsche Science And	Pair Corr
0.96	KTCAX	Deutsche Science And	Pair Corr
1.0	KTCIX	Deutsche Science And	Pair Corr
0.69	SRMSX	Deutsche Short Term	Pair Corr
0.96	KTRAX	Deutsche Global Income	Pair Corr
0.98	KTRCX	Deutsche Global Income	Pair Corr
0.98	KTRIX	Deutsche Global Income	Pair Corr
0.94	NOTCX	Deutsche Strategic High	Pair Corr
0.95	NOTAX	Deutsche Strategic High	Pair Corr
0.94	NOTIX	Deutsche Strategic High	Pair Corr
0.98	KTRSX	Deutsche Global Income	Pair Corr
0.98	KTRZX	Deutsche Global Income	Pair Corr
0.94	KCTCX	Deutsche California Tax	Pair Corr
0.94	KCTAX	Deutsche California Tax	Pair Corr
0.99	SCDGX	Deutsche E Equity	Pair Corr
0.95	SCEMX	Deutsche Enhanced	Pair Corr
0.74	SCINX	Deutsche Croci Inter	Pair Corr
0.92	SCGSX	Deutsche Capital Growth	Pair Corr
0.78	SCHLX	Deutsche Health And	Pair Corr
0.95	SCMAX	Deutsche Massachusetts	Pair Corr
0.95	SCMBX	Deutsche Managed Mun	Pair Corr
0.95	SCMTX	Deutsche Intermediate	Pair Corr
0.78	SCOBX	Deutsche Global Growth	Pair Corr
0.94	SCQGX	Deutsche Large Cap	Pair Corr
0.98	SCPIX	Deutsche Sp 500	Pair Corr
0.88	SCSBX	Deutsche E Plus	Pair Corr

Moving against Deutsche Mutual Fund

0.61	KDHCX	Deutsche Croci Equity	Pair Corr
0.57	KDHSX	Deutsche Croci Equity	Pair Corr
0.57	KDHIX	Deutsche Croci Equity	Pair Corr
0.54	KDHAX	Deutsche Croci Equity	Pair Corr

Related Correlations Analysis

	QRSAX	UAPSX	FCPVX	RSEFX	QRSVX	HFMDX	VISVX	LVAQX
QRSAX		0.42	0.53	0.75	1.0	0.78	0.92	0.85	QRSAX
UAPSX	0.42		0.85	0.73	0.42	0.35	0.55	0.14	UAPSX
FCPVX	0.53	0.85		0.69	0.54	0.44	0.66	0.31	FCPVX
RSEFX	0.75	0.73	0.69		0.75	0.64	0.8	0.65	RSEFX
QRSVX	1.0	0.42	0.54	0.75		0.78	0.92	0.85	QRSVX
HFMDX	0.78	0.35	0.44	0.64	0.78		0.84	0.7	HFMDX
VISVX	0.92	0.55	0.66	0.8	0.92	0.84		0.83	VISVX
LVAQX	0.85	0.14	0.31	0.65	0.85	0.7	0.83		LVAQX
	QRSAX	UAPSX	FCPVX	RSEFX	QRSVX	HFMDX	VISVX	LVAQX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Science 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 Science'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QRSAX	0.74	(0.10)	(0.08)	0.04	0.83	(0.88)	1.92	(1.11)	6.55
UAPSX	1.85	0.33	0.08	(1.00)	1.97	(2.04)	4.99	(3.54)	13.75
FCPVX	0.85	0.06	0.08	0.17	0.66	(1.04)	2.18	(1.25)	8.06
RSEFX	0.69	0.10	(0.04)	(2.17)	0.57	(0.95)	1.74	(1.12)	4.79
QRSVX	0.74	(0.10)	(0.08)	0.04	0.81	(0.85)	1.89	(1.11)	6.50
HFMDX	0.92	(0.09)	(0.01)	0.07	1.04	(0.95)	1.92	(1.57)	6.20
VISVX	0.73	(0.08)	(0.05)	0.06	0.76	(0.84)	1.74	(1.13)	6.12
LVAQX	0.72	(0.09)	(0.06)	0.05	0.78	(0.87)	1.82	(1.23)	6.49

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