Deutsche High Correlations

Mutual Funds . USA . 
Fund . Deutsche High Income
KHYCX Fund  USD 4.51  0.01  0.22%   
The current 90-days correlation between Deutsche High Income and Alphacentric Lifesci Healthcare is 0.09 (i.e., Significant diversification). The correlation of Deutsche High 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 High Correlation With Market

Very weak diversification

The correlation between Deutsche High Income and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche High Income 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 High Income. 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 unemployment.

Moving together with Deutsche Mutual Fund

  0.66GCGGX Deutsche GnmaPairCorr
  0.64SRMAX Deutsche Short TermPairCorr
  0.63SRMCX Deutsche Short TermPairCorr
  0.87SRMSX Deutsche Short TermPairCorr
  0.63KTRAX Deutsche Global IncomePairCorr
  0.88KTRCX Deutsche Global IncomePairCorr
  0.65KTRIX Deutsche Global IncomePairCorr
  0.68NOTCX Deutsche Strategic HighPairCorr
  0.79NOTAX Deutsche Strategic HighPairCorr
  0.78NOTIX Deutsche Strategic HighPairCorr
  0.88KTRSX Deutsche Global IncomePairCorr
  0.88KTRZX Deutsche Global IncomePairCorr
  0.78SSDZX Deutsche Small CapPairCorr
  0.95SSDAX Deutsche Small CapPairCorr
  0.95SSDCX Deutsche Small CapPairCorr
  0.95SSDIX Deutsche Small CapPairCorr
  0.92SSDSX Deutsche Small CapPairCorr
  0.9SSLCX Deutsche Small CapPairCorr
  0.84KDHSX Deutsche Croci EquityPairCorr
  0.62KDHCX Deutsche Croci EquityPairCorr
  0.91KDHAX Deutsche Croci EquityPairCorr
  0.91KDHIX Deutsche Croci EquityPairCorr
  0.89SCEMX Deutsche EnhancedPairCorr
  0.75SCINX Deutsche Croci InterPairCorr
  0.78SCGSX Deutsche Capital GrowthPairCorr
  0.8SCMAX Deutsche MassachusettsPairCorr
  0.82SCMTX Deutsche IntermediatePairCorr
  0.89SCOBX Deutsche Global GrowthPairCorr
  0.61SCPIX Deutsche Sp 500PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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