Deutsche California Correlations

Mutual Funds USA . 
Fund . Deutsche California Tax Free
KCTCX Fund  USD 6.67  0.04  0.45%   
The correlation of Deutsche California 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 main economic indicators.

Moving together with Deutsche Mutual Fund

  0.88FCAVX Franklin California TaxPairCorr
  0.95FKTQX Franklin California TaxPairCorr
  0.97FRCTX Franklin California TaxPairCorr
  0.87FKTFX Franklin California TaxPairCorr
  0.95FTFQX Franklin California TaxPairCorr
  0.94VCITX Vanguard CaliforniaPairCorr
  0.84VCLAX Vanguard CaliforniaPairCorr
  0.97TECCX Tax Exempt FundPairCorr
  0.94TAFTX Tax Exempt FundPairCorr
  0.94TECFX Tax Exempt FundPairCorr
  0.69VZ Verizon Communications Aggressive PushPairCorr

Moving against Deutsche Mutual Fund

  0.65FSRBX Banking Portfolio BankingPairCorr
  0.6KMKNX Kinetics Market Oppo Steady GrowthPairCorr
  0.55FTCAX Templeton Strained BondPairCorr
  0.54PYARX Payden Absolute ReturnPairCorr
  0.53PYAIX Payden Absolute ReturnPairCorr
  0.5TEGYX Mid Cap GrowthPairCorr
  0.43HFCGX Hennessy Nerstone GrowthPairCorr
  0.36BCAAX Brandywineglobal CPairCorr
  0.72JPM JPMorgan Chase Sell-off TrendPairCorr
  0.65BAC Bank of America Aggressive PushPairCorr
  0.63CSCO Cisco Systems Aggressive PushPairCorr
  0.6WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.53WCEYX Ivy E EquityPairCorr
  0.53CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.53TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.5HPQ HP IncPairCorr
  0.46TRLCX Tiaa-cref Large-capPairCorr
  0.43PRDSX T Rowe PricePairCorr
  0.43AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.41INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.33T ATT Inc Sell-off TrendPairCorr
  0.32CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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