Deutsche Short Correlations

Mutual Funds . USA . 
Fund . Deutsche Short Term Municipal
SRMCX Fund  USD 9.87  0.01  0.10%   
The current 90-days correlation between Deutsche Short Term and Red Oak Technology is 0.09 (i.e., Significant 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

Good diversification

The correlation between Deutsche Short Term Municipal and DJI is -0.1 (i.e., Good 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 main economic indicators.

Moving together with Deutsche Mutual Fund

  0.71GCGGX Deutsche GnmaPairCorr
  0.99SRMAX Deutsche Short TermPairCorr
  0.96KTCCX Deutsche Science AndPairCorr
  0.96KTCAX Deutsche Science AndPairCorr
  0.95KTCIX Deutsche Science AndPairCorr
  0.95KTCSX Deutsche Science AndPairCorr
  1.0SRMSX Deutsche Short TermPairCorr
  0.96KTRAX Deutsche Global IncomePairCorr
  0.95KTRCX Deutsche Global IncomePairCorr
  0.95KTRIX Deutsche Global IncomePairCorr
  0.96KTRSX Deutsche Global IncomePairCorr
  0.96KTRZX Deutsche Global IncomePairCorr
  0.95SSDZX Deutsche Small CapPairCorr
  0.95SSDAX Deutsche Small CapPairCorr
  0.95SSDCX Deutsche Small CapPairCorr
  0.95SSDIX Deutsche Small CapPairCorr
  0.95SSDSX Deutsche Small CapPairCorr
  0.95SSLCX Deutsche Small CapPairCorr
  0.83KDHSX Deutsche Croci EquityPairCorr
  0.81KDHCX Deutsche Croci EquityPairCorr
  0.84KDHAX Deutsche Croci EquityPairCorr
  0.83KDHIX Deutsche Croci EquityPairCorr
  0.96SCDGX Deutsche E EquityPairCorr
  0.97SCEMX Deutsche EnhancedPairCorr
  0.92SCINX Deutsche Croci InterPairCorr
  0.95SCGSX Deutsche Capital GrowthPairCorr
  0.69SCMAX Deutsche MassachusettsPairCorr
  0.91SCMTX Deutsche IntermediatePairCorr
  0.91SCOBX Deutsche Global GrowthPairCorr
  0.94SCQGX Deutsche Large CapPairCorr
  0.96SCPIX Deutsche Sp 500PairCorr
  0.84SCSBX 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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