Deutsche Floating Correlations

DFRPX Fund

USD 7.35 0.00 0.00%

The correlation of Deutsche Floating 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 Floating Correlation With Market

Poor diversification

The correlation between Deutsche Floating Rate and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Floating Rate and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deutsche Floating Rate. 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 board of governors.

Moving together with Deutsche Mutual Fund

0.68	SRMAX	Deutsche Short Term	Pair Corr
0.79	KTCCX	Deutsche Science And	Pair Corr
0.66	KTCIX	Deutsche Science And	Pair Corr
0.69	KTCSX	Deutsche Science And	Pair Corr
0.68	SRMSX	Deutsche Short Term	Pair Corr
0.71	KTRAX	Deutsche Global Income	Pair Corr
0.73	KTRCX	Deutsche Global Income	Pair Corr
0.73	KTRIX	Deutsche Global Income	Pair Corr
0.73	KTRSX	Deutsche Global Income	Pair Corr
0.73	KTRZX	Deutsche Global Income	Pair Corr
0.78	SSDZX	Deutsche Small Cap	Pair Corr
0.75	SSDAX	Deutsche Small Cap	Pair Corr
0.8	SSDCX	Deutsche Small Cap	Pair Corr
0.78	SSDIX	Deutsche Small Cap	Pair Corr
0.78	SSDSX	Deutsche Small Cap	Pair Corr
0.66	SSLCX	Deutsche Small Cap	Pair Corr
0.79	KDHSX	Deutsche Croci Equity	Pair Corr
0.79	KDHCX	Deutsche Croci Equity	Pair Corr
0.78	KDHAX	Deutsche Croci Equity	Pair Corr
0.79	KDHIX	Deutsche Croci Equity	Pair Corr
0.77	SCDGX	Deutsche E Equity	Pair Corr
0.61	SCEMX	Deutsche Enhanced	Pair Corr
0.72	SCINX	Deutsche Croci Inter	Pair Corr
0.71	SCGSX	Deutsche Capital Growth	Pair Corr
0.86	SCHLX	Deutsche Health And	Pair Corr
0.61	SCOBX	Deutsche Global Growth	Pair Corr
0.78	SCQGX	Deutsche Large Cap	Pair Corr
0.73	SCPIX	Deutsche Sp 500	Pair Corr

Moving against Deutsche Mutual Fund

0.32

SDGTX

Deutsche Capital Growth

Pair Corr

Related Correlations Analysis

	TIMXX	RYAQX	CGTCX	PGIQX	CFSTX	DIPXX	DACGX	IMLXX
TIMXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TIMXX
RYAQX	0.0		0.06	0.31	0.79	0.0	0.23	0.0	RYAQX
CGTCX	0.0	0.06		0.65	0.54	0.0	0.74	0.0	CGTCX
PGIQX	0.0	0.31	0.65		0.78	0.0	0.69	0.0	PGIQX
CFSTX	0.0	0.79	0.54	0.78		0.0	0.64	0.0	CFSTX
DIPXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	DIPXX
DACGX	0.0	0.23	0.74	0.69	0.64	0.0		0.0	DACGX
IMLXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IMLXX
	TIMXX	RYAQX	CGTCX	PGIQX	CFSTX	DIPXX	DACGX	IMLXX

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

CFSTX	+ 0.79	RYAQX
CFSTX	+ 0.78	PGIQX
DACGX	+ 0.74	CGTCX
DACGX	+ 0.69	PGIQX
PGIQX	+ 0.65	CGTCX
DACGX	+ 0.64	CFSTX

High negative correlations

IMLXX	- 0.0	DACGX
IMLXX	- 0.0	DIPXX
DACGX	- 0.0	DIPXX
IMLXX	- 0.0	CFSTX
DIPXX	- 0.0	CFSTX
IMLXX	- 0.0	PGIQX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Floating 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 Floating'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
TIMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYAQX	0.41	0.08	0.07	(0.74)	0.26	(0.46)	1.00	(0.61)	2.02
CGTCX	0.13	(0.01)	0.00	(0.26)	0.00	0.00	0.25	(0.25)	0.67
PGIQX	0.15	(0.02)	0.00	(0.35)	0.00	0.00	0.25	(0.25)	0.75
CFSTX	0.06	0.00	(0.46)	(0.10)	0.00	(0.09)	0.12	(0.12)	0.37
DIPXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DACGX	0.14	(0.02)	0.00	(0.34)	0.00	0.00	0.24	(0.32)	0.64
IMLXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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