Deutsche Multi-asset Correlations

Mutual Funds USA . 
Fund . Deutsche Multi Asset Servative
SPBAX Fund  USD 13.29  0.03  0.23%   
The current 90-days correlation between Deutsche Multi Asset and Invesco Energy Fund is 0.27 (i.e., Modest diversification). The correlation of Deutsche Multi-asset 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 Multi-asset Correlation With Market

Very poor diversification

The correlation between Deutsche Multi Asset Servative and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Multi Asset Servative 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 Multi Asset Servative. 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

  0.66GCGGX Deutsche GnmaPairCorr
  0.97SRMAX Deutsche Short TermPairCorr
  0.97SRMCX Deutsche Short TermPairCorr
  0.99KTCCX Deutsche Science AndPairCorr
  0.99KTCAX Deutsche Science AndPairCorr
  0.99KTCIX Deutsche Science AndPairCorr
  0.99KTCSX Deutsche Science AndPairCorr
  0.96SRMSX Deutsche Short TermPairCorr
  0.99KTRAX Deutsche Global IncomePairCorr
  0.99KTRCX Deutsche Global IncomePairCorr
  0.99KTRIX Deutsche Global IncomePairCorr
  0.99KTRSX Deutsche Global IncomePairCorr
  0.99KTRZX Deutsche Global IncomePairCorr
  0.98SSDZX Deutsche Small CapPairCorr
  0.98SSDAX Deutsche Small CapPairCorr
  0.98SSDCX Deutsche Small CapPairCorr
  0.98SSDIX Deutsche Small CapPairCorr
  0.98SSDSX Deutsche Small CapPairCorr
  0.98SSLCX Deutsche Small CapPairCorr
  0.87KDHSX Deutsche Croci EquityPairCorr
  0.86KDHCX Deutsche Croci EquityPairCorr
  0.87KDHAX Deutsche Croci EquityPairCorr
  0.87KDHIX Deutsche Croci EquityPairCorr
  0.99SCDGX Deutsche E EquityPairCorr
  0.98SCEMX Deutsche EnhancedPairCorr
  0.96SCINX Deutsche Croci InterPairCorr
  0.99SCGSX Deutsche Capital GrowthPairCorr
  0.7SCMAX Deutsche MassachusettsPairCorr
  0.89SCMTX Deutsche IntermediatePairCorr
  0.97SCOBX Deutsche Global GrowthPairCorr
  0.98SCQGX Deutsche Large CapPairCorr
  0.99SCPIX Deutsche Sp 500PairCorr
  0.85SCSBX 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 Multi-asset 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 Multi-asset'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.

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