Deutsche Croci Correlations

KDHIX Fund

USD 55.44 0.17 0.31%

The current 90-days correlation between Deutsche Croci Equity and Ab Municipal Bond is 0.1 (i.e., Average diversification). The correlation of Deutsche Croci 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 Croci Correlation With Market

Weak diversification

The correlation between Deutsche Croci Equity and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Croci Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Deutsche Croci Equity. 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.

Moving together with Deutsche Mutual Fund

0.7	GCGGX	Deutsche Gnma	Pair Corr
0.94	KTCCX	Deutsche Science And	Pair Corr
0.83	KTCAX	Deutsche Science And	Pair Corr
0.79	KTCIX	Deutsche Science And	Pair Corr
0.82	KTCSX	Deutsche Science And	Pair Corr
0.93	KTRAX	Deutsche Global Income	Pair Corr
0.96	KTRCX	Deutsche Global Income	Pair Corr
0.97	KTRIX	Deutsche Global Income	Pair Corr
0.93	KTRSX	Deutsche Global Income	Pair Corr
0.97	KTRZX	Deutsche Global Income	Pair Corr
0.84	SSDZX	Deutsche Small Cap	Pair Corr
0.87	SSDAX	Deutsche Small Cap	Pair Corr
0.89	SSDCX	Deutsche Small Cap	Pair Corr
0.86	SSDIX	Deutsche Small Cap	Pair Corr
0.84	SSDSX	Deutsche Small Cap	Pair Corr
0.66	KCTCX	Deutsche California Tax	Pair Corr
0.97	KDHSX	Deutsche Croci Equity	Pair Corr
1.0	KDHCX	Deutsche Croci Equity	Pair Corr
0.9	KDHAX	Deutsche Croci Equity	Pair Corr
0.91	SCDGX	Deutsche E Equity	Pair Corr
0.89	SCGSX	Deutsche Capital Growth	Pair Corr
0.76	SCHLX	Deutsche Health And	Pair Corr
0.61	SCMAX	Deutsche Massachusetts	Pair Corr
0.75	SCOBX	Deutsche Global Growth	Pair Corr
0.77	SCQGX	Deutsche Large Cap	Pair Corr
0.85	SCPIX	Deutsche Sp 500	Pair Corr
0.62	SCSBX	Deutsche E Plus	Pair Corr

Related Correlations Analysis

	AUNCX	AMHIX	PRINX	SSAGX	PATFX	BIDPX	NSIOX	ICAXX
AUNCX		0.84	0.76	-0.22	0.87	0.84	0.78	0.0	AUNCX
AMHIX	0.84		0.92	0.0	0.98	1.0	0.98	0.0	AMHIX
PRINX	0.76	0.92		0.12	0.89	0.92	0.93	0.0	PRINX
SSAGX	-0.22	0.0	0.12		-0.11	-0.02	0.15	0.0	SSAGX
PATFX	0.87	0.98	0.89	-0.11		0.98	0.95	0.0	PATFX
BIDPX	0.84	1.0	0.92	-0.02	0.98		0.98	0.0	BIDPX
NSIOX	0.78	0.98	0.93	0.15	0.95	0.98		0.0	NSIOX
ICAXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ICAXX
	AUNCX	AMHIX	PRINX	SSAGX	PATFX	BIDPX	NSIOX	ICAXX

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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

BIDPX	+ 1.0	AMHIX
PATFX	+ 0.98	AMHIX
NSIOX	+ 0.98	AMHIX
BIDPX	+ 0.98	PATFX
NSIOX	+ 0.98	BIDPX
NSIOX	+ 0.95	PATFX

High negative correlations

SSAGX	- 0.22	AUNCX
PATFX	- 0.11	SSAGX
BIDPX	- 0.02	SSAGX
ICAXX	- 0.0	NSIOX
ICAXX	- 0.0	BIDPX
ICAXX	- 0.0	PATFX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Croci 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 Croci'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AUNCX	0.13	(0.02)	0.00	(1.07)	0.00	0.28	(0.28)	1.31
AMHIX	0.21	(0.03)	0.00	(0.38)	0.00	0.40	(0.52)	1.57
PRINX	0.22	(0.02)	0.00	(1.06)	0.00	0.45	(0.53)	1.60
SSAGX	0.05	0.01	(0.11)	(0.87)	(0.22)	0.10	(0.10)	0.51
PATFX	0.22	(0.02)	0.00	(0.44)	0.00	0.45	(0.45)	1.79
BIDPX	0.20	(0.02)	0.00	(0.40)	0.00	0.37	(0.45)	1.64
NSIOX	0.19	(0.02)	0.00	(0.29)	0.00	0.41	(0.50)	1.61
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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