Deutsche Global Correlations

Mutual Funds . USA . 
Fund . Deutsche Global Income
KTRSX Fund  USD 9.23  0.05  0.54%   
The current 90-days correlation between Deutsche Global Income and Deutsche Gnma Fund is 0.36 (i.e., Weak diversification). The correlation of Deutsche Global 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 Global Correlation With Market

Poor diversification

The correlation between Deutsche Global Income and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Global 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 Global 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 state.

Moving together with Deutsche Mutual Fund

  0.95SRMAX Deutsche Short TermPairCorr
  0.96SRMCX Deutsche Short TermPairCorr
  0.99KTCCX Deutsche Science AndPairCorr
  0.99KTCAX Deutsche Science AndPairCorr
  0.99KTCIX Deutsche Science AndPairCorr
  0.99KTCSX Deutsche Science AndPairCorr
  0.95SRMSX Deutsche Short TermPairCorr
  1.0KTRAX Deutsche Global IncomePairCorr
  1.0KTRCX Deutsche Global IncomePairCorr
  1.0KTRIX Deutsche Global IncomePairCorr
  1.0KTRZX Deutsche Global IncomePairCorr
  0.97SSDZX Deutsche Small CapPairCorr
  0.97SSDAX Deutsche Small CapPairCorr
  0.97SSDCX Deutsche Small CapPairCorr
  0.97SSDIX Deutsche Small CapPairCorr
  0.97SSDSX Deutsche Small CapPairCorr
  0.97SSLCX Deutsche Small CapPairCorr
  0.85KDHSX Deutsche Croci EquityPairCorr
  0.84KDHCX Deutsche Croci EquityPairCorr
  0.85KDHAX Deutsche Croci EquityPairCorr
  0.85KDHIX Deutsche Croci EquityPairCorr
  0.99SCDGX Deutsche E EquityPairCorr
  0.97SCEMX Deutsche EnhancedPairCorr
  0.97SCINX Deutsche Croci InterPairCorr
  0.99SCGSX Deutsche Capital GrowthPairCorr
  0.68SCMAX Deutsche MassachusettsPairCorr
  0.87SCMTX Deutsche IntermediatePairCorr
  0.98SCOBX Deutsche Global GrowthPairCorr
  0.99SCQGX Deutsche Large CapPairCorr
  0.99SCPIX 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 Deutsche Mutual Fund performing well and Deutsche Global 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 Global'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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