Deutsche Emerging Correlations

Mutual Funds . USA . 
Fund . Deutsche Emerging Markets
SEKCX Fund  USD 18.14  0.07  0.39%   
The current 90-days correlation between Deutsche Emerging Markets and Deutsche Gnma Fund is 0.03 (i.e., Significant diversification). The correlation of Deutsche Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Deutsche Emerging Markets and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Emerging Markets 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 Emerging Markets. 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 main economic indicators.

Moving together with Deutsche Mutual Fund

  0.66SRMAX Deutsche Short TermPairCorr
  0.68SRMCX Deutsche Short TermPairCorr
  0.69KTCCX Deutsche Science AndPairCorr
  0.69KTCAX Deutsche Science AndPairCorr
  0.69KTCIX Deutsche Science AndPairCorr
  0.69KTCSX Deutsche Science AndPairCorr
  0.9SRMSX Deutsche Short TermPairCorr
  0.71KTRAX Deutsche Global IncomePairCorr
  0.98KTRCX Deutsche Global IncomePairCorr
  0.98KTRIX Deutsche Global IncomePairCorr
  0.98KTRSX Deutsche Global IncomePairCorr
  0.98KTRZX Deutsche Global IncomePairCorr
  0.97SSDZX Deutsche Small CapPairCorr
  0.97SSDAX Deutsche Small CapPairCorr
  0.97SSDCX Deutsche Small CapPairCorr
  0.97SSDIX Deutsche Small CapPairCorr
  0.97SSDSX Deutsche Small CapPairCorr
  0.96SSLCX Deutsche Small CapPairCorr
  0.86KDHSX Deutsche Croci EquityPairCorr
  0.85KDHCX Deutsche Croci EquityPairCorr
  0.86KDHAX Deutsche Croci EquityPairCorr
  0.86KDHIX Deutsche Croci EquityPairCorr
  0.97SCDGX Deutsche E EquityPairCorr
  0.94SCEMX Deutsche EnhancedPairCorr
  0.94SCINX Deutsche Croci InterPairCorr
  0.98SCGSX Deutsche Capital GrowthPairCorr
  0.66SCMAX Deutsche MassachusettsPairCorr
  0.83SCMTX Deutsche IntermediatePairCorr
  0.98SCOBX Deutsche Global GrowthPairCorr
  0.98SCQGX Deutsche Large CapPairCorr
  0.72SCSBX 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 Emerging 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 Emerging'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  0.27  0.03 (0.31)(0.92) 0.24 
(0.30)
 0.52 
(0.44)
 1.48 
SRMAX  0.06  0.02 (1.00) 0.81  0.00 
(0.13)
 0.10 
(0.10)
 0.41 
SRMCX  0.05  0.01 (1.05) 0.66  0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.84  0.46  0.49  8.33  0.00 
(1.13)
 2.37 
(1.01)
 6.17 
KTCAX  0.83  0.46  0.50  6.80  0.00 
(1.10)
 2.37 
(1.02)
 6.07 
KTCIX  0.85  0.47  0.51  7.62  0.00 
(1.13)
 2.38 
(1.04)
 6.06 
KTCSX  0.85  0.47  0.50  8.29  0.00 
(1.14)
 2.40 
(1.03)
 6.08 
SRMSX  0.06  0.01 (0.87) 0.77  0.00 
(0.13)
 0.20 
(0.10)
 0.41 
KTRAX  0.32  0.16  0.08  3.60  0.00 
(0.43)
 1.03 
(0.44)
 1.94 
KTRCX  0.32  0.10  0.03  0.42  0.00 
(0.42)
 1.03 
(0.55)
 1.94 

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