Deutsche Global Correlations

TOLIX Fund

USD 16.84 0.06 0.36%

The current 90-days correlation between Deutsche Global Infr and Mirova Global Sustainable is 0.4 (i.e., Very weak diversification). The correlation of Deutsche Global 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 Global Correlation With Market

Weak diversification

The correlation between Deutsche Global Infrastructure and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Global Infrastructure 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 Global Infrastructure. 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.

Related Correlations Analysis

	ESGMX	ESGYX	APHQX	DHMIX	WFGGX	CWVIX	SSIAX	CWVGX	OBMCX	TQSMX
ESGMX		1.0	-0.46	-0.48	0.56	0.94	0.82	0.94	0.36	0.44	ESGMX
ESGYX	1.0		-0.47	-0.49	0.56	0.94	0.82	0.94	0.36	0.44	ESGYX
APHQX	-0.46	-0.47		0.91	-0.53	-0.47	-0.57	-0.47	-0.12	-0.02	APHQX
DHMIX	-0.48	-0.49	0.91		-0.29	-0.43	-0.42	-0.43	0.05	0.19	DHMIX
WFGGX	0.56	0.56	-0.53	-0.29		0.63	0.75	0.63	0.68	0.73	WFGGX
CWVIX	0.94	0.94	-0.47	-0.43	0.63		0.83	1.0	0.44	0.52	CWVIX
SSIAX	0.82	0.82	-0.57	-0.42	0.75	0.83		0.83	0.54	0.68	SSIAX
CWVGX	0.94	0.94	-0.47	-0.43	0.63	1.0	0.83		0.44	0.51	CWVGX
OBMCX	0.36	0.36	-0.12	0.05	0.68	0.44	0.54	0.44		0.88	OBMCX
TQSMX	0.44	0.44	-0.02	0.19	0.73	0.52	0.68	0.51	0.88		TQSMX
	ESGMX	ESGYX	APHQX	DHMIX	WFGGX	CWVIX	SSIAX	CWVGX	OBMCX	TQSMX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ESGYX	+ 1.0	ESGMX
CWVGX	+ 1.0	CWVIX
CWVIX	+ 0.94	ESGMX
CWVGX	+ 0.94	ESGMX
CWVIX	+ 0.94	ESGYX
CWVGX	+ 0.94	ESGYX

High negative correlations

SSIAX	- 0.57	APHQX
WFGGX	- 0.53	APHQX
DHMIX	- 0.49	ESGYX
DHMIX	- 0.48	ESGMX
CWVGX	- 0.47	APHQX
CWVIX	- 0.47	APHQX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Global 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 Global'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ESGMX	0.53	(0.02)	(0.04)	0.04	0.73	(0.52)	1.07	(1.05)	3.78
ESGYX	0.53	(0.02)	(0.03)	0.04	0.73	(0.52)	1.10	(1.06)	3.74
APHQX	0.63	(0.11)	0.00	(0.05)	0.00	0.00	1.31	(1.10)	4.64
DHMIX	0.71	(0.10)	0.00	(0.03)	0.00	0.00	1.37	(1.24)	5.82
WFGGX	0.71	(0.01)	(0.01)	0.06	0.99	(0.72)	1.47	(1.41)	5.54
CWVIX	0.62	(0.01)	(0.03)	0.06	0.79	(0.59)	1.14	(1.35)	2.94
SSIAX	0.34	0.01	(0.04)	0.08	0.38	(0.36)	0.77	(0.57)	2.66
CWVGX	0.62	(0.01)	(0.03)	0.05	0.79	(0.59)	1.16	(1.38)	2.94
OBMCX	1.20	(0.10)	(0.03)	0.01	1.56	(1.30)	2.80	(2.41)	8.03
TQSMX	0.66	(0.04)	(0.04)	0.03	0.85	(0.68)	1.70	(1.09)	5.58

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