Deutsche Global Correlations

Mutual Funds . USA . 
Fund . Deutsche Global Growth
SCOBX Fund  USD 44.94  0.06  0.13%   
The current 90-days correlation between Deutsche Global Growth and The Hartford Inflation is 0.15 (i.e., Average 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 Growth and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Global Growth 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 Global Growth. 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 labor statistics.

Moving together with Deutsche Mutual Fund

  0.65KTCAX Deutsche Science AndPairCorr
  0.65KTCSX Deutsche Science AndPairCorr
  0.9SRMSX Deutsche Short TermPairCorr
  0.98KTRCX Deutsche Global IncomePairCorr
  0.98KTRIX Deutsche Global IncomePairCorr
  0.97KTRSX Deutsche Global IncomePairCorr
  0.97KTRZX Deutsche Global IncomePairCorr
  0.94SSDZX Deutsche Small CapPairCorr
  0.94SSDAX Deutsche Small CapPairCorr
  0.95SSDCX Deutsche Small CapPairCorr
  0.95SSDIX Deutsche Small CapPairCorr
  0.95SSDSX Deutsche Small CapPairCorr
  0.95SSLCX Deutsche Small CapPairCorr
  0.85KDHSX Deutsche Croci EquityPairCorr
  0.84KDHCX Deutsche Croci EquityPairCorr
  0.84KDHAX Deutsche Croci EquityPairCorr
  0.85KDHIX Deutsche Croci EquityPairCorr
  0.96SCDGX Deutsche E EquityPairCorr
  0.93SCEMX Deutsche EnhancedPairCorr
  0.97SCINX Deutsche Croci InterPairCorr
  0.97SCGSX Deutsche Capital GrowthPairCorr
  0.7SCMAX Deutsche MassachusettsPairCorr
  0.85SCMTX Deutsche IntermediatePairCorr
  0.97SCQGX Deutsche Large CapPairCorr
  0.95SCPIX Deutsche Sp 500PairCorr
  0.73SCSBX 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 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.

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