Deutsche Gnma Correlations

Mutual Funds . USA . 
Fund . Deutsche Gnma Fund
SGINX Fund  USD 11.68  0.02  0.17%   
The current 90-days correlation between Deutsche Gnma and Deutsche Gnma Fund is 0.89 (i.e., Very poor diversification). The correlation of Deutsche Gnma 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 Gnma Correlation With Market

Modest diversification

The correlation between Deutsche Gnma Fund and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Gnma Fund 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 Gnma Fund. 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 board of governors.

Moving together with Deutsche Mutual Fund

  0.92GCGGX Deutsche GnmaPairCorr
  0.66SRMAX Deutsche Short TermPairCorr
  0.66SRMCX Deutsche Short TermPairCorr
  0.71SRMSX Deutsche Short TermPairCorr
  0.61KTRCX Deutsche Global IncomePairCorr
  0.62KTRIX Deutsche Global IncomePairCorr
  0.61KTRZX Deutsche Global IncomePairCorr
  0.61SSDZX Deutsche Small CapPairCorr
  0.61SSDAX Deutsche Small CapPairCorr
  0.63SSDCX Deutsche Small CapPairCorr
  0.64SSDIX Deutsche Small CapPairCorr
  0.63SSDSX Deutsche Small CapPairCorr
  0.66SSLCX Deutsche Small CapPairCorr
  0.64SCDGX Deutsche E EquityPairCorr
  0.71SCEMX Deutsche EnhancedPairCorr
  0.62SCINX Deutsche Croci InterPairCorr
  0.66SCMAX Deutsche MassachusettsPairCorr
  0.75SCMTX Deutsche IntermediatePairCorr
  0.61SCPIX Deutsche Sp 500PairCorr
  0.95SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Gnma 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 Gnma'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  0.02 (0.31) 0.37  0.24 
(0.30)
 0.52 
(0.44)
 1.48 
SRMAX  0.06  0.02 (1.00) 0.89  0.00 
(0.13)
 0.10 
(0.10)
 0.41 
SRMCX  0.05  0.01 (1.04) 0.78  0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.85  0.37  0.50  0.60  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  0.38  0.53  0.61  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  0.02 (0.81)(2.05) 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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