Deutsche Intermediate Correlations

Mutual Funds USA . 
Fund . Deutsche Intermediate Taxamt
SCMTX Fund  USD 11.05  0.01  0.09%   
The current 90-days correlation between Deutsche Intermediate and Global Real Estate is 0.32 (i.e., Weak diversification). The correlation of Deutsche Intermediate 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.
  
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Deutsche Mutual Fund

  1.0VWITX Vanguard IntermediatePairCorr
  1.0VWIUX Vanguard IntermediatePairCorr
  1.0AFTEX Tax Exempt BondPairCorr
  1.0AFTFX Tax Exempt BondPairCorr
  0.99TEBCX Tax Exempt BondPairCorr
  1.0TEAFX Tax Exempt BondPairCorr
  1.0TFEBX Tax Exempt BondPairCorr
  1.0FLTMX Fidelity IntermediatePairCorr
  0.99MDNLX Blackrock NationalPairCorr
  0.99MFNLX Blackrock Natl MuniPairCorr
  0.77DXQLX Direxion Monthly NasdaqPairCorr
  0.74RYVLX Nasdaq 100 2xPairCorr
  0.74RYVYX Nasdaq 100 2xPairCorr
  0.78UOPIX Ultra Nasdaq 100PairCorr
  0.76RYCCX Nasdaq 100 2xPairCorr
  0.8UOPSX Ultranasdaq 100 ProfundPairCorr
  0.87BIPIX Biotechnology Ultrasector Steady GrowthPairCorr
  0.93GPICX Guidepath ConservativePairCorr
  0.91FPXIX Fidelity Advisor 529PairCorr
  0.83GE GE AerospacePairCorr
  0.67JNJ Johnson JohnsonPairCorr
  0.87IBM International BusinessPairCorr
  0.71AXP American ExpressPairCorr
  0.81CAT CaterpillarPairCorr
  0.61CSCO Cisco SystemsPairCorr
  0.61DD Dupont De NemoursPairCorr

Moving against Deutsche Mutual Fund

  0.75VZ Verizon CommunicationsPairCorr
  0.74BA BoeingPairCorr
  0.74T ATT IncPairCorr
  0.65HD Home DepotPairCorr
  0.49HPQ HP Inc Earnings Call TomorrowPairCorr
  0.49CVX Chevron Corp Sell-off TrendPairCorr
  0.43MCD McDonaldsPairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FIKMX
+ 0.75
PGRUX
SRPIX
+ 0.62
CREMX
CREMX
+ 0.47
FIKMX
NMMRF
+ 0.14
PGRUX
NMMRF
+ 0.14
FIKMX
NMMRF
+ 0.01
CREMX
  

High negative correlations

SRPIX
- 0.81
PGRUX
SRPIX
- 0.34
FIKMX
CREMX
- 0.13
PGRUX
SRPIX
- 0.06
NMMRF

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Intermediate 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 Intermediate'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.

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