Deutsche Health Correlations

SCHLX Fund

USD 40.18 0.54 1.36%

The current 90-days correlation between Deutsche Health And and Franklin Small Cap is -0.08 (i.e., Good diversification). The correlation of Deutsche Health 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 Health Correlation With Market

Very poor diversification

The correlation between Deutsche Health And and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Health And and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Deutsche Health 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 bureau of economic analysis.

Moving together with Deutsche Mutual Fund

0.61	NOTCX	Deutsche Strategic High	Pair Corr
0.69	KCTAX	Deutsche California Tax	Pair Corr
0.62	KDHSX	Deutsche Croci Equity	Pair Corr
0.73	KDHCX	Deutsche Croci Equity	Pair Corr
0.7	KDHAX	Deutsche Croci Equity	Pair Corr
0.62	KDHIX	Deutsche Croci Equity	Pair Corr

Related Correlations Analysis

	FCSGX	SECAX	QUAIX	MSSGX	CIPNX	DFUKX	TISVX	DFDSX
FCSGX		0.91	0.99	0.82	0.98	0.77	0.78	0.88	FCSGX
SECAX	0.91		0.9	0.74	0.88	0.72	0.74	0.98	SECAX
QUAIX	0.99	0.9		0.89	0.98	0.85	0.86	0.88	QUAIX
MSSGX	0.82	0.74	0.89		0.86	0.9	0.91	0.77	MSSGX
CIPNX	0.98	0.88	0.98	0.86		0.82	0.82	0.87	CIPNX
DFUKX	0.77	0.72	0.85	0.9	0.82		0.99	0.73	DFUKX
TISVX	0.78	0.74	0.86	0.91	0.82	0.99		0.75	TISVX
DFDSX	0.88	0.98	0.88	0.77	0.87	0.73	0.75		DFDSX
	FCSGX	SECAX	QUAIX	MSSGX	CIPNX	DFUKX	TISVX	DFDSX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Health 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 Health'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
FCSGX	1.49	0.07	0.03	(0.54)	2.24	(1.41)	2.68	(4.00)	15.12
SECAX	1.26	0.05	0.02	0.05	1.94	(1.33)	2.50	(2.74)	12.34
QUAIX	1.61	0.13	0.05	(1.06)	2.30	(1.56)	3.10	(4.03)	15.26
MSSGX	1.89	0.21	0.08	(3.70)	2.38	(2.11)	3.86	(3.76)	15.77
CIPNX	1.31	0.07	0.03	(0.56)	1.81	(1.39)	2.83	(3.09)	12.79
DFUKX	0.84	0.22	0.11	5.34	1.56	(0.82)	1.96	(2.08)	8.74
TISVX	0.81	0.17	0.09	1.39	1.47	(0.78)	2.12	(1.65)	8.36
DFDSX	1.27	0.04	0.02	0.04	1.74	(1.32)	2.42	(2.71)	12.63

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Deutsche Health Correlations

Deutsche Health Correlation With Market

Very poor diversification

Moving together with Deutsche Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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