Deutsche Short Correlations

Mutual Funds . USA . 
Fund . Deutsche Short Term Municipal
SRMAX Fund  USD 9.87  0.01  0.10%   
The current 90-days correlation between Deutsche Short Term and T Rowe Price is 0.21 (i.e., Modest diversification). The correlation of Deutsche Short 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 Short Correlation With Market

Modest diversification

The correlation between Deutsche Short Term Municipal and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Short Term Municipal 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 Short Term Municipal. 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

  0.72GCGGX Deutsche GnmaPairCorr
  0.99SRMCX Deutsche Short TermPairCorr
  0.94KTCCX Deutsche Science AndPairCorr
  0.95KTCAX Deutsche Science AndPairCorr
  0.95KTCIX Deutsche Science AndPairCorr
  0.95KTCSX Deutsche Science AndPairCorr
  0.82SRMSX Deutsche Short TermPairCorr
  0.95KTRAX Deutsche Global IncomePairCorr
  0.74KTRCX Deutsche Global IncomePairCorr
  0.73KTRIX Deutsche Global IncomePairCorr
  0.74KTRSX Deutsche Global IncomePairCorr
  0.74KTRZX Deutsche Global IncomePairCorr
  0.74SSDZX Deutsche Small CapPairCorr
  0.73SSDAX Deutsche Small CapPairCorr
  0.73SSDCX Deutsche Small CapPairCorr
  0.73SSDIX Deutsche Small CapPairCorr
  0.73SSDSX Deutsche Small CapPairCorr
  0.72SSLCX Deutsche Small CapPairCorr
  0.76SCDGX Deutsche E EquityPairCorr
  0.76SCEMX Deutsche EnhancedPairCorr
  0.63SCINX Deutsche Croci InterPairCorr
  0.75SCGSX Deutsche Capital GrowthPairCorr
  0.66SCMTX Deutsche IntermediatePairCorr
  0.63SCOBX Deutsche Global GrowthPairCorr
  0.74SCQGX Deutsche Large CapPairCorr
  0.85SCPIX Deutsche Sp 500PairCorr
  0.73SCSBX 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 Short 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 Short'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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