Dws Emerging Correlations

Mutual Funds . USA . 
Fund . Dws Emerging Markets
SEKRX Fund  USD 20.77  0.07  0.34%   
The current 90-days correlation between Dws Emerging Markets and Deutsche Gnma Fund is 0.07 (i.e., Significant diversification). The correlation of Dws 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.

Dws Emerging Correlation With Market

Good diversification

The correlation between Dws Emerging Markets and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dws 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 Dws 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 metropolitan statistical area.

Moving together with Dws Mutual Fund

  0.91SRMAX Deutsche Short TermPairCorr
  0.92SRMCX Deutsche Short TermPairCorr
  0.98KTCCX Deutsche Science AndPairCorr
  0.98KTCAX Deutsche Science AndPairCorr
  0.98KTCIX Deutsche Science AndPairCorr
  0.97KTCSX Deutsche Science AndPairCorr
  0.91SRMSX Deutsche Short TermPairCorr
  0.98KTRAX 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
  0.96SSDCX Deutsche Small CapPairCorr
  0.96SSDIX Deutsche Small CapPairCorr
  0.96SSDSX Deutsche Small CapPairCorr
  0.95SSLCX Deutsche Small CapPairCorr
  0.84KDHSX Deutsche Croci EquityPairCorr
  0.83KDHCX Deutsche Croci EquityPairCorr
  0.87KDHAX Deutsche Croci EquityPairCorr
  0.84KDHIX Deutsche Croci EquityPairCorr
  0.97SCDGX Deutsche E EquityPairCorr
  0.94SCEMX Deutsche EnhancedPairCorr
  0.94SCINX Deutsche Croci InterPairCorr
  0.97SCGSX Deutsche Capital GrowthPairCorr
  0.67SCMAX Deutsche MassachusettsPairCorr
  0.84SCMTX Deutsche IntermediatePairCorr
  0.97SCOBX Deutsche Global GrowthPairCorr
  0.98SCQGX Deutsche Large CapPairCorr
  0.97SCPIX Deutsche Sp 500PairCorr
  0.73SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dws Mutual Fund performing well and Dws 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 Dws 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  0.28  0.02 (0.31) 1.15  0.29 
(0.31)
 0.60 
(0.52)
 1.48 
SRMAX  0.06  0.02 (0.84)(6.72) 0.00 
(0.13)
 0.20 
(0.10)
 0.41 
SRMCX  0.06  0.02 (0.83)(1.99) 0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.90  0.37  0.22 (5.50) 0.60 
(1.14)
 2.37 
(1.31)
 6.17 
KTCAX  0.89  0.37  0.22 (5.70) 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  0.35  0.17  0.09 (2.66) 0.00 
(0.45)
 1.08 
(0.45)
 2.00 
KTRCX  0.32  0.10  0.03  0.42  0.00 
(0.42)
 1.03 
(0.55)
 1.94 

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