Deutsche Enhanced Correlations

Mutual Funds . USA . 
Fund . Deutsche Enhanced Modity
SKIRX Fund  USD 5.94  0.04  0.68%   
The current 90-days correlation between Deutsche Enhanced Modity and Deutsche Gnma Fund is -0.04 (i.e., Good diversification). The correlation of Deutsche Enhanced 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 Enhanced Correlation With Market

Very good diversification

The correlation between Deutsche Enhanced Modity and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Enhanced Modity 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 Enhanced Modity. 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 Deutsche Mutual Fund

  0.71SRMAX Deutsche Short TermPairCorr
  0.68SRMCX Deutsche Short TermPairCorr
  0.64KTCCX Deutsche Science AndPairCorr
  0.64KTCAX Deutsche Science AndPairCorr
  0.63KTCIX Deutsche Science AndPairCorr
  0.63KTCSX Deutsche Science AndPairCorr
  0.7SRMSX Deutsche Short TermPairCorr
  0.64KTRAX Deutsche Global IncomePairCorr
  0.62KTRCX Deutsche Global IncomePairCorr
  0.61KTRIX Deutsche Global IncomePairCorr
  0.64KTRSX Deutsche Global IncomePairCorr
  0.64KTRZX Deutsche Global IncomePairCorr
  0.63SSDZX Deutsche Small CapPairCorr
  0.63SSDAX Deutsche Small CapPairCorr
  0.62SSDCX Deutsche Small CapPairCorr
  0.62SSDIX Deutsche Small CapPairCorr
  0.62SSDSX Deutsche Small CapPairCorr
  0.61SCDGX Deutsche E EquityPairCorr
  0.68SCEMX Deutsche EnhancedPairCorr
  0.62SCPIX Deutsche Sp 500PairCorr

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 Enhanced 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 Enhanced'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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