Deutsche Core Correlations

Mutual Funds . USA . 
Fund . Deutsche E Plus
SZIIX Fund  USD 9.31  0.03  0.32%   
The current 90-days correlation between Deutsche E Plus and Deutsche Gnma Fund is 0.09 (i.e., Significant diversification). The correlation of Deutsche Core 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 Core Correlation With Market

Modest diversification

The correlation between Deutsche E Plus 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 E Plus 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 Plus. 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 gross domestic product.

Moving together with Deutsche Mutual Fund

  0.87GCGGX Deutsche GnmaPairCorr
  0.85SRMAX Deutsche Short TermPairCorr
  0.84SRMCX Deutsche Short TermPairCorr
  0.77KTCCX Deutsche Science AndPairCorr
  0.77KTCAX Deutsche Science AndPairCorr
  0.78KTCIX Deutsche Science AndPairCorr
  0.78KTCSX Deutsche Science AndPairCorr
  0.84SRMSX Deutsche Short TermPairCorr
  0.78KTRAX Deutsche Global IncomePairCorr
  0.79KTRCX Deutsche Global IncomePairCorr
  0.79KTRIX Deutsche Global IncomePairCorr
  0.79KTRSX Deutsche Global IncomePairCorr
  0.79KTRZX Deutsche Global IncomePairCorr
  0.77SSDZX Deutsche Small CapPairCorr
  0.78SSDAX Deutsche Small CapPairCorr
  0.78SSDCX Deutsche Small CapPairCorr
  0.79SSDIX Deutsche Small CapPairCorr
  0.79SSDSX Deutsche Small CapPairCorr
  0.8SSLCX Deutsche Small CapPairCorr
  0.61KDHSX Deutsche Croci EquityPairCorr
  0.64KDHCX Deutsche Croci EquityPairCorr
  0.62KDHAX Deutsche Croci EquityPairCorr
  0.65KDHIX Deutsche Croci EquityPairCorr
  0.78SCDGX Deutsche E EquityPairCorr
  0.86SCEMX Deutsche EnhancedPairCorr
  0.79SCINX Deutsche Croci InterPairCorr
  0.76SCGSX Deutsche Capital GrowthPairCorr
  0.75SCMTX Deutsche IntermediatePairCorr
  0.72SCOBX Deutsche Global GrowthPairCorr
  0.75SCQGX Deutsche Large CapPairCorr
  0.78SCPIX Deutsche Sp 500PairCorr
  1.0SCSBX 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 Core 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 Core'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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