Deutsche Equity Correlations

Mutual Funds . USA . 
Fund . Deutsche Equity 500
BTIRX Fund  USD 187.42  0.65  0.35%   
The current 90-days correlation between Deutsche Equity 500 and Deutsche Sp 500 is 1.0 (i.e., No risk reduction). The correlation of Deutsche Equity 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 Equity Correlation With Market

Very poor diversification

The correlation between Deutsche Equity 500 and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Equity 500 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Deutsche Equity 500. 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 metropolitan statistical area.

Moving together with Deutsche Mutual Fund

  1.0SXPCX Deutsche Sp 500PairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.89LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.89KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.88KMKAX Kinetics Market Oppo Steady GrowthPairCorr
  0.88KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.88SMPSX Semiconductor UltrasectorPairCorr
  0.72LETRX Voya Russia FundPairCorr
  0.88KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.88KMKCX Kinetics Market Oppo Steady GrowthPairCorr
  0.9LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.88WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.95AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.74JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.85CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.95CSCO Cisco Systems Aggressive PushPairCorr
  0.87HPQ HP IncPairCorr
  0.93AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.77TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.92INTC Intel Fiscal Year End 23rd of January 2025 PairCorr

Moving against Deutsche Mutual Fund

  0.72SCHLX Deutsche Health AndPairCorr
  0.82MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.74KO Coca Cola Aggressive PushPairCorr
  0.59PFE Pfizer Inc Aggressive PushPairCorr
  0.47PG Procter GamblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Equity 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 Equity'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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