Deutsche Gnma Correlations

GGGGX Fund

USD 11.54 0.02 0.17%

The current 90-days correlation between Deutsche Gnma and Flakqx is 0.09 (i.e., Significant diversification). The correlation of Deutsche Gnma 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 Gnma Correlation With Market

Average diversification

The correlation between Deutsche Gnma Fund and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Gnma Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Deutsche Gnma Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Deutsche Mutual Fund

0.98	VFIJX	Vanguard Gnma	Pair Corr
0.97	VSIGX	Vanguard Intermediate-ter	Pair Corr
0.85	UGSFX	Us Government Securities	Pair Corr
0.97	AMUSX	Us Government Securities	Pair Corr
0.99	VMBSX	Vanguard Mortgage-backed	Pair Corr
0.98	VFIIX	Vanguard Gnma	Pair Corr
0.96	FUTBX	Fidelity Sai Treasury	Pair Corr
0.62	NHS	Neuberger Berman High	Pair Corr
0.91	CLIRX	Columbia Capital All	Pair Corr
0.64	RYANX	Nova Fund Class	Pair Corr
0.91	FIRFX	Fidelity Income Repl	Pair Corr
0.88	AAAJX	American Century One	Pair Corr
0.76	QUACX	Ab Small Cap	Pair Corr
0.78	GSDIX	Goldman Sachs Emerging	Pair Corr
0.8	RBENX	American Funds 2060	Pair Corr
0.83	FLRDX	Franklin Lifesmart	Pair Corr

Related Correlations Analysis

	FLAKQX	FXYBJX	FKHEMX	FZNOPX	RETSX	HDCAX	FABWX
FLAKQX		0.71	0.71	0.51	0.44	0.16	0.43	FLAKQX
FXYBJX	0.71		0.64	0.37	0.44	0.27	0.36	FXYBJX
FKHEMX	0.71	0.64		0.48	0.4	0.23	0.58	FKHEMX
FZNOPX	0.51	0.37	0.48		0.52	0.32	0.72	FZNOPX
RETSX	0.44	0.44	0.4	0.52		0.8	0.45	RETSX
HDCAX	0.16	0.27	0.23	0.32	0.8		0.49	HDCAX
FABWX	0.43	0.36	0.58	0.72	0.45	0.49		FABWX
	FLAKQX	FXYBJX	FKHEMX	FZNOPX	RETSX	HDCAX	FABWX

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 Gnma 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 Gnma'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
FLAKQX	0.67	0.11	0.03	1.04	0.88	(0.81)	1.20	(1.19)	3.60
FXYBJX	0.38	0.07	0.00	3.07	0.00	0.00	1.16	(1.53)	1.72
FKHEMX	0.62	0.24	0.00	5.45	0.00	0.00	1.42	(2.41)	3.83
FZNOPX	0.74	0.17	0.09	2.66	0.57	(0.91)	1.55	(1.17)	3.75
RETSX	0.58	0.03	(0.01)	0.14	0.77	(0.64)	1.19	(1.10)	5.40
HDCAX	0.48	0.08	0.03	0.28	0.37	(0.58)	0.95	(0.73)	3.80
FABWX	0.90	0.11	0.02	0.77	1.57	(0.98)	1.52	(1.12)	6.74

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Deutsche Gnma Correlations

Deutsche Gnma Correlation With Market

Average diversification

Moving together with Deutsche Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY