Deutsche Capital Correlations

Mutual Funds . USA . 
Fund . Deutsche Capital Growth
SDGZX Fund  USD 133.42  0.26  0.20%   
The current 90-days correlation between Deutsche Capital Growth and Deutsche Gnma Fund is 0.04 (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

Good diversification

The correlation between Deutsche Capital Growth and DJI is -0.04 (i.e., Good 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 nation.

Moving together with Deutsche Mutual Fund

  0.94SRMAX Deutsche Short TermPairCorr
  0.95SRMCX Deutsche Short TermPairCorr
  0.99KTCCX Deutsche Science AndPairCorr
  0.99KTCAX Deutsche Science AndPairCorr
  0.99KTCIX Deutsche Science AndPairCorr
  0.99KTCSX Deutsche Science AndPairCorr
  0.95SRMSX Deutsche Short TermPairCorr
  0.98KTRAX Deutsche Global IncomePairCorr
  0.8KTRCX Deutsche Global IncomePairCorr
  0.8KTRIX Deutsche Global IncomePairCorr
  0.8KTRSX Deutsche Global IncomePairCorr
  0.8KTRZX Deutsche Global IncomePairCorr
  0.77SSDZX Deutsche Small CapPairCorr
  0.75SSDAX Deutsche Small CapPairCorr
  0.77SSDCX Deutsche Small CapPairCorr
  0.77SSDIX Deutsche Small CapPairCorr
  0.97SSDSX Deutsche Small CapPairCorr
  0.96SSLCX Deutsche Small CapPairCorr
  0.84KDHSX Deutsche Croci EquityPairCorr
  0.65KDHCX Deutsche Croci EquityPairCorr
  0.66KDHAX Deutsche Croci EquityPairCorr
  0.66KDHIX Deutsche Croci EquityPairCorr
  0.98SCDGX Deutsche E EquityPairCorr
  0.96SCEMX Deutsche EnhancedPairCorr
  0.79SCINX Deutsche Croci InterPairCorr
  0.78SCGSX Deutsche Capital GrowthPairCorr
  0.85SCMTX Deutsche IntermediatePairCorr
  0.79SCOBX Deutsche Global GrowthPairCorr
  0.78SCQGX Deutsche Large CapPairCorr
  0.98SCPIX 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  0.00 (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  0.02 (0.81)(2.05) 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  0.31  0.15  0.08  2.76  0.00 
(0.42)
 1.03 
(0.43)
 1.94 

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