Deutsche E Correlations

Mutual Funds . USA . 
Fund . Deutsche E Equity
SUWCX Fund  USD 32.58  0.16  0.49%   
The current 90-days correlation between Deutsche E Equity and Deutsche Gnma Fund is 0.22 (i.e., Modest diversification). The correlation of Deutsche E 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 E Correlation With Market

Good diversification

The correlation between Deutsche E Equity and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche E Equity 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 E Equity. 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

  0.95SRMAX Deutsche Short TermPairCorr
  0.96SRMCX Deutsche Short TermPairCorr
  0.99KTCCX Deutsche Science AndPairCorr
  0.99KTCAX Deutsche Science AndPairCorr
  0.98KTCIX Deutsche Science AndPairCorr
  0.98KTCSX Deutsche Science AndPairCorr
  0.95SRMSX Deutsche Short TermPairCorr
  0.99KTRAX Deutsche Global IncomePairCorr
  0.68KTRCX Deutsche Global IncomePairCorr
  0.67KTRIX Deutsche Global IncomePairCorr
  0.99KTRSX Deutsche Global IncomePairCorr
  0.99KTRZX Deutsche Global IncomePairCorr
  0.67SSDAX Deutsche Small CapPairCorr
  0.99SSDSX Deutsche Small CapPairCorr
  0.99SSLCX Deutsche Small CapPairCorr
  0.89KDHSX Deutsche Croci EquityPairCorr
  0.88KDHCX Deutsche Croci EquityPairCorr
  0.89KDHAX Deutsche Croci EquityPairCorr
  0.61KDHIX Deutsche Croci EquityPairCorr
  1.0SCDGX Deutsche E EquityPairCorr
  0.97SCEMX Deutsche EnhancedPairCorr
  0.94SCINX Deutsche Croci InterPairCorr
  1.0SCGSX Deutsche Capital GrowthPairCorr
  0.68SCMAX Deutsche MassachusettsPairCorr
  0.86SCMTX Deutsche IntermediatePairCorr
  0.96SCOBX Deutsche Global GrowthPairCorr
  0.99SCQGX Deutsche Large CapPairCorr
  0.65SCPIX Deutsche Sp 500PairCorr
  0.8SCSBX Deutsche E PlusPairCorr

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 E 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 E'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  0.01 (0.34) 0.55  0.30 
(0.30)
 0.52 
(0.52)
 1.48 
SRMAX  0.06  0.02 (0.91)(14.88) 0.00 
(0.13)
 0.10 
(0.10)
 0.41 
SRMCX  0.06  0.01 (0.93)(1.87) 0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.90  0.36  0.21 (5.44) 0.60 
(1.13)
 2.37 
(1.31)
 6.17 
KTCAX  0.89  0.37  0.22 (5.63) 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 (0.90)(1.95) 0.00 
(0.13)
 0.20 
(0.10)
 0.41 
KTRAX  0.33  0.15  0.02 (2.84) 0.00 
(0.43)
 1.03 
(0.45)
 1.94 
KTRIX  0.30  0.14  0.02  30.77  0.00 
(0.42)
 0.89 
(0.54)
 1.83 

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