Deutsche High Correlations

Mutual Funds . USA . 
Fund . Deutsche High Income
KHYQX Fund  USD 4.50  0.01  0.22%   
The current 90-days correlation between Deutsche High Income and Deutsche Gnma Fund is -0.15 (i.e., Good 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

Weak diversification

The correlation between Deutsche High Income and DJI is 0.37 (i.e., 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 main economic indicators.

Moving together with Deutsche Mutual Fund

  0.69SRMAX Deutsche Short TermPairCorr
  0.72KTCCX Deutsche Science AndPairCorr
  0.72KTCIX Deutsche Science AndPairCorr
  0.73KTCSX Deutsche Science AndPairCorr
  0.68SRMSX Deutsche Short TermPairCorr
  0.92KTRAX Deutsche Global IncomePairCorr
  0.92KTRCX Deutsche Global IncomePairCorr
  0.93KTRIX Deutsche Global IncomePairCorr
  0.78NOTCX Deutsche Strategic HighPairCorr
  0.83NOTAX Deutsche Strategic HighPairCorr
  0.82NOTIX Deutsche Strategic HighPairCorr
  0.74KTRSX Deutsche Global IncomePairCorr
  0.93KTRZX Deutsche Global IncomePairCorr
  0.66SSDZX Deutsche Small CapPairCorr
  0.87SSDAX Deutsche Small CapPairCorr
  0.88SSDCX Deutsche Small CapPairCorr
  0.86SSDIX Deutsche Small CapPairCorr
  0.87SSDSX Deutsche Small CapPairCorr
  0.7KCTAX Deutsche California TaxPairCorr
  0.9KDHSX Deutsche Croci EquityPairCorr
  0.9KDHCX Deutsche Croci EquityPairCorr
  0.9KDHAX Deutsche Croci EquityPairCorr
  0.73KDHIX Deutsche Croci EquityPairCorr
  0.74SCDGX Deutsche E EquityPairCorr
  0.94SCEMX Deutsche EnhancedPairCorr
  0.94SCINX Deutsche Croci InterPairCorr
  0.86SCGSX Deutsche Capital GrowthPairCorr
  0.87SCHLX Deutsche Health AndPairCorr
  0.83SCMAX Deutsche MassachusettsPairCorr
  0.63SCMBX Deutsche Managed MunPairCorr
  0.83SCMTX Deutsche IntermediatePairCorr
  0.84SCOBX Deutsche Global GrowthPairCorr
  0.88SCQGX Deutsche Large CapPairCorr
  0.95SCPIX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCGGX  0.14 (0.01) 0.00  2.12  0.00 
 0.00 
 0.25 
(0.25)
 0.84 
SRMAX  0.03  0.00  0.00  0.22  0.00 
 0.00 
 0.10 
 0.00 
 0.31 
SRMCX  0.03  0.00  0.00 (0.10) 0.00 
 0.00 
 0.10 
 0.00 
 0.30 
KTCCX  1.59  0.48  0.31  0.45  0.90 
(1.79)
 1.99 
(2.63)
 40.30 
KTCAX  0.96 (0.01)(0.05) 0.06  1.54 
(0.82)
 1.75 
(2.57)
 6.72 
KTCIX  1.03  0.09  0.02  0.30  1.43 
(0.96)
 1.97 
(2.58)
 9.79 
KTCSX  1.05  0.10  0.03  0.32  1.37 
(0.99)
 1.97 
(2.57)
 11.02 
SRMSX  0.03  0.00  0.00  0.38  0.00 
 0.00 
 0.10 
 0.00 
 0.31 
KTRAX  0.45  0.09  0.09  0.28  0.08 
(0.57)
 0.93 
(0.70)
 5.95 
KTRCX  0.44  0.09  0.08  0.30  0.00 
(0.64)
 0.93 
(0.59)
 5.94 

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