Deutsche Short Correlations

Mutual Funds . USA . 
Fund . Deutsche Short Term Municipal
SRMSX Fund  USD 9.86  0.01  0.10%   
The current 90-days correlation between Deutsche Short Term and Deutsche Gnma Fund is 0.45 (i.e., Very weak 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 state.

Moving together with Deutsche Mutual Fund

  0.71GCGGX Deutsche GnmaPairCorr
  1.0SRMAX Deutsche Short TermPairCorr
  1.0SRMCX Deutsche Short TermPairCorr
  0.95KTCCX Deutsche Science AndPairCorr
  0.95KTCAX Deutsche Science AndPairCorr
  0.95KTCIX Deutsche Science AndPairCorr
  0.95KTCSX Deutsche Science AndPairCorr
  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
  0.94SSDZX Deutsche Small CapPairCorr
  0.94SSDAX Deutsche Small CapPairCorr
  0.94SSDCX Deutsche Small CapPairCorr
  0.94SSDIX Deutsche Small CapPairCorr
  0.94SSDSX Deutsche Small CapPairCorr
  0.94SSLCX Deutsche Small CapPairCorr
  0.82KDHSX Deutsche Croci EquityPairCorr
  0.8KDHCX Deutsche Croci EquityPairCorr
  0.83KDHAX Deutsche Croci EquityPairCorr
  0.82KDHIX Deutsche Croci EquityPairCorr
  0.95SCDGX Deutsche E EquityPairCorr
  0.97SCEMX Deutsche EnhancedPairCorr
  0.92SCINX Deutsche Croci InterPairCorr
  0.94SCGSX Deutsche Capital GrowthPairCorr
  0.66SCMAX Deutsche MassachusettsPairCorr
  0.86SCMTX Deutsche IntermediatePairCorr
  0.9SCOBX Deutsche Global GrowthPairCorr
  0.93SCQGX Deutsche Large CapPairCorr
  0.95SCPIX 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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