Deutsche Large Correlations

Mutual Funds . USA . 
Fund . Deutsche Large Cap
SCQGX Fund  USD 93.46  0.02  0.02%   
The current 90-days correlation between Deutsche Large Cap and Barings High Yield is 0.59 (i.e., Very weak diversification). The correlation of Deutsche Large 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 Large Correlation With Market

Very poor diversification

The correlation between Deutsche Large Cap 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 Large Cap 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 Large Cap. 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 price.

Moving together with Deutsche Mutual Fund

  0.93SRMAX Deutsche Short TermPairCorr
  0.94SRMCX Deutsche Short TermPairCorr
  1.0KTCCX Deutsche Science AndPairCorr
  1.0KTCAX Deutsche Science AndPairCorr
  1.0KTCIX Deutsche Science AndPairCorr
  1.0KTCSX Deutsche Science AndPairCorr
  0.94SRMSX 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
  0.98SSDZX Deutsche Small CapPairCorr
  0.98SSDAX Deutsche Small CapPairCorr
  0.98SSDCX Deutsche Small CapPairCorr
  0.98SSDIX Deutsche Small CapPairCorr
  0.98SSDSX Deutsche Small CapPairCorr
  0.98SSLCX Deutsche Small CapPairCorr
  0.86KDHSX Deutsche Croci EquityPairCorr
  0.85KDHCX Deutsche Croci EquityPairCorr
  0.87KDHAX Deutsche Croci EquityPairCorr
  0.86KDHIX Deutsche Croci EquityPairCorr
  0.99SCDGX Deutsche E EquityPairCorr
  0.96SCEMX Deutsche EnhancedPairCorr
  0.93SCINX Deutsche Croci InterPairCorr
  1.0SCGSX Deutsche Capital GrowthPairCorr
  0.67SCMAX Deutsche MassachusettsPairCorr
  0.85SCMTX Deutsche IntermediatePairCorr
  0.97SCOBX Deutsche Global GrowthPairCorr
  1.0SCPIX Deutsche Sp 500PairCorr
  0.75SCSBX 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 Large 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 Large'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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