Deutsche Correlations

Mutual Funds . USA . 
Fund . Deutsche Sp 500
SCPIX Fund  USD 51.48  0.27  0.53%   
The current 90-days correlation between Deutsche Sp 500 and Adams Diversified Equity is 0.95 (i.e., Almost no diversification). The correlation of Deutsche 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 Correlation With Market

Almost no diversification

The correlation between Deutsche Sp 500 and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Sp 500 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 Sp 500. 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 gross domestic product.

Moving together with Deutsche Mutual Fund

  0.95SRMAX Deutsche Short TermPairCorr
  0.96SRMCX Deutsche Short TermPairCorr
  1.0KTCCX Deutsche Science AndPairCorr
  1.0KTCAX Deutsche Science AndPairCorr
  1.0KTCIX Deutsche Science AndPairCorr
  1.0KTCSX Deutsche Science AndPairCorr
  0.95SRMSX Deutsche Short TermPairCorr
  0.99KTRAX Deutsche Global IncomePairCorr
  0.99KTRCX Deutsche Global IncomePairCorr
  0.99KTRIX Deutsche Global IncomePairCorr
  0.99KTRSX Deutsche Global IncomePairCorr
  0.99KTRZX Deutsche Global IncomePairCorr
  0.99SSDZX Deutsche Small CapPairCorr
  0.99SSDAX Deutsche Small CapPairCorr
  0.99SSDCX Deutsche Small CapPairCorr
  0.99SSDIX Deutsche Small CapPairCorr
  0.99SSDSX Deutsche Small CapPairCorr
  0.99SSLCX Deutsche Small CapPairCorr
  0.88KDHSX Deutsche Croci EquityPairCorr
  0.87KDHCX Deutsche Croci EquityPairCorr
  0.89KDHAX Deutsche Croci EquityPairCorr
  0.88KDHIX Deutsche Croci EquityPairCorr
  1.0SCDGX Deutsche E EquityPairCorr
  0.97SCEMX Deutsche EnhancedPairCorr
  0.94SCINX Deutsche Croci InterPairCorr
  1.0SCGSX Deutsche Capital GrowthPairCorr
  0.67SCMAX Deutsche MassachusettsPairCorr
  0.85SCMTX Deutsche IntermediatePairCorr
  0.97SCOBX Deutsche Global GrowthPairCorr
  1.0SCQGX Deutsche Large CapPairCorr
  0.79SCSBX 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 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'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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