Deutsche Small Correlations

Mutual Funds . USA . 
Fund . Deutsche Small Cap
SZCCX Fund  USD 39.24  0.02  0.05%   
The current 90-days correlation between Deutsche Small Cap and Deutsche Gnma Fund is 0.23 (i.e., Modest diversification). The correlation of Deutsche Small 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 Small Correlation With Market

Good diversification

The correlation between Deutsche Small Cap and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Small Cap 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 Small Cap. 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

  0.61GCGGX Deutsche GnmaPairCorr
  0.94SRMAX Deutsche Short TermPairCorr
  0.95SRMCX Deutsche Short TermPairCorr
  0.98KTCCX Deutsche Science AndPairCorr
  0.98KTCAX Deutsche Science AndPairCorr
  0.97KTCIX Deutsche Science AndPairCorr
  0.97KTCSX Deutsche Science AndPairCorr
  0.93SRMSX Deutsche Short TermPairCorr
  0.97KTRAX Deutsche Global IncomePairCorr
  0.96KTRCX Deutsche Global IncomePairCorr
  0.96KTRIX Deutsche Global IncomePairCorr
  0.65SSDAX Deutsche Small CapPairCorr
  0.96SSDIX Deutsche Small CapPairCorr
  0.99SSDSX Deutsche Small CapPairCorr
  1.0SSLCX Deutsche Small CapPairCorr
  0.92KDHSX Deutsche Croci EquityPairCorr
  0.61KDHIX Deutsche Croci EquityPairCorr
  0.99SCDGX Deutsche E EquityPairCorr
  0.96SCEMX Deutsche EnhancedPairCorr
  0.62SCINX Deutsche Croci InterPairCorr
  0.88SCMTX Deutsche IntermediatePairCorr
  0.97SCPIX Deutsche Sp 500PairCorr
  0.8SCSBX 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 Small 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 Small'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 
KTRCX  0.32  0.09  0.01  0.41  0.00 
(0.42)
 1.03 
(0.55)
 1.94 

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