Deutsche Intermediate Correlations

Mutual Funds . USA . 
Fund . Deutsche Intermediate Taxamt
SCMTX Fund  USD 10.69  0.02  0.19%   
The current 90-days correlation between Deutsche Intermediate and Deutsche Gnma Fund is 0.57 (i.e., Very 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.

Deutsche Intermediate Correlation With Market

Modest diversification

The correlation between Deutsche Intermediate Taxamt and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Intermediate Taxamt 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 Intermediate Taxamt. 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 estimate.

Moving together with Deutsche Mutual Fund

  0.71GCGGX Deutsche GnmaPairCorr
  0.89SRMAX Deutsche Short TermPairCorr
  0.9SRMCX Deutsche Short TermPairCorr
  0.85KTCCX Deutsche Science AndPairCorr
  0.85KTCAX Deutsche Science AndPairCorr
  0.85KTCIX Deutsche Science AndPairCorr
  0.85KTCSX Deutsche Science AndPairCorr
  0.88SRMSX Deutsche Short TermPairCorr
  0.87KTRAX Deutsche Global IncomePairCorr
  0.87KTRCX Deutsche Global IncomePairCorr
  0.87KTRIX Deutsche Global IncomePairCorr
  0.7NOTCX Deutsche Strategic HighPairCorr
  0.76NOTAX Deutsche Strategic HighPairCorr
  0.79NOTIX Deutsche Strategic HighPairCorr
  0.87KTRSX Deutsche Global IncomePairCorr
  0.87KTRZX Deutsche Global IncomePairCorr
  0.86SSDZX Deutsche Small CapPairCorr
  0.86SSDAX Deutsche Small CapPairCorr
  0.86SSDCX Deutsche Small CapPairCorr
  0.86SSDIX Deutsche Small CapPairCorr
  0.86SSDSX Deutsche Small CapPairCorr
  0.87SSLCX Deutsche Small CapPairCorr
  0.67KCTCX Deutsche California TaxPairCorr
  0.66KCTAX Deutsche California TaxPairCorr
  0.77KDHSX Deutsche Croci EquityPairCorr
  0.77KDHCX Deutsche Croci EquityPairCorr
  0.78KDHAX Deutsche Croci EquityPairCorr
  0.77KDHIX Deutsche Croci EquityPairCorr
  0.86SCDGX Deutsche E EquityPairCorr
  0.85SCEMX Deutsche EnhancedPairCorr
  0.85SCINX Deutsche Croci InterPairCorr
  0.85SCGSX Deutsche Capital GrowthPairCorr
  0.94SCMAX Deutsche MassachusettsPairCorr
  0.81SCMBX Deutsche Managed MunPairCorr
  0.85SCOBX Deutsche Global GrowthPairCorr
  0.85SCQGX Deutsche Large CapPairCorr
  0.85SCPIX Deutsche Sp 500PairCorr
  0.83SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis

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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.
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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