Deutsche Capital Correlations

Mutual Funds . USA . 
Fund . Deutsche Capital Growth
SDGTX Fund  USD 133.65  0.33  0.25%   
The current 90-days correlation between Deutsche Capital Growth and Deutsche Gnma Fund is 0.01 (i.e., Significant diversification). The correlation of Deutsche Capital 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 Capital Correlation With Market

Very poor diversification

The correlation between Deutsche Capital Growth and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Capital 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 Capital 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 estimate.

Moving together with Deutsche Mutual Fund

  0.94SRMAX Deutsche Short TermPairCorr
  0.94SRMCX Deutsche Short TermPairCorr
  0.99KTCCX Deutsche Science AndPairCorr
  0.99KTCAX Deutsche Science AndPairCorr
  1.0KTCIX Deutsche Science AndPairCorr
  1.0KTCSX Deutsche Science AndPairCorr
  0.94SRMSX Deutsche Short TermPairCorr
  0.98KTRAX Deutsche Global IncomePairCorr
  0.99KTRCX Deutsche Global IncomePairCorr
  0.99KTRIX Deutsche Global IncomePairCorr
  0.99KTRSX Deutsche Global IncomePairCorr
  0.99KTRZX Deutsche Global IncomePairCorr
  0.97SSDZX 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
  0.85KDHSX Deutsche Croci EquityPairCorr
  0.85KDHCX Deutsche Croci EquityPairCorr
  0.86KDHAX Deutsche Croci EquityPairCorr
  0.86KDHIX Deutsche Croci EquityPairCorr
  0.98SCDGX Deutsche E EquityPairCorr
  0.96SCEMX Deutsche EnhancedPairCorr
  0.95SCINX Deutsche Croci InterPairCorr
  1.0SCGSX Deutsche Capital GrowthPairCorr
  0.67SCMAX Deutsche MassachusettsPairCorr
  0.85SCMTX Deutsche IntermediatePairCorr
  0.98SCOBX Deutsche Global GrowthPairCorr
  1.0SCQGX Deutsche Large CapPairCorr
  1.0SCPIX Deutsche Sp 500PairCorr
  0.76SCSBX 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 Capital 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 Capital'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  0.01 (0.34) 0.55  0.30 
(0.30)
 0.52 
(0.52)
 1.48 
SRMAX  0.06  0.02 (0.91)(14.88) 0.00 
(0.13)
 0.10 
(0.10)
 0.41 
SRMCX  0.06  0.01 (0.93)(1.87) 0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.90  0.36  0.21 (5.44) 0.60 
(1.13)
 2.37 
(1.31)
 6.17 
KTCAX  0.89  0.37  0.22 (5.63) 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  0.02 (0.90)(1.95) 0.00 
(0.13)
 0.20 
(0.10)
 0.41 
KTRAX  0.33  0.15  0.02 (2.84) 0.00 
(0.43)
 1.03 
(0.45)
 1.94 
KTRCX  0.32  0.09  0.01  0.41  0.00 
(0.42)
 1.03 
(0.55)
 1.94 

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