Deutsche Science Correlations

KTCIX Fund

USD 52.32 0.62 1.17%

The current 90-days correlation between Deutsche Science And and Davenport Small Cap is 0.12 (i.e., Average diversification). The correlation of Deutsche Science 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 Science Correlation With Market

Poor diversification

The correlation between Deutsche Science And and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Science And 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 Science And. 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

0.84	KTCCX	Deutsche Science And	Pair Corr
1.0	KTCSX	Deutsche Science And	Pair Corr
0.65	SSDZX	Deutsche Small Cap	Pair Corr
0.62	SSDAX	Deutsche Small Cap	Pair Corr
0.68	SSDCX	Deutsche Small Cap	Pair Corr
0.65	SSDIX	Deutsche Small Cap	Pair Corr
0.65	SSDSX	Deutsche Small Cap	Pair Corr
0.73	SCDGX	Deutsche E Equity	Pair Corr
0.95	SCGSX	Deutsche Capital Growth	Pair Corr
0.73	SCHLX	Deutsche Health And	Pair Corr
0.62	SCOBX	Deutsche Global Growth	Pair Corr
0.8	SCPIX	Deutsche Sp 500	Pair Corr

Moving against Deutsche Mutual Fund

0.49

GGGGX

Deutsche Gnma

Pair Corr

Related Correlations Analysis

	MDSKX	MDBFX	FZABX	DTICX	PLHTX	DSCPX
MDSKX		0.7	0.92	0.76	0.93	0.74	MDSKX
MDBFX	0.7		0.89	0.88	0.76	0.68	MDBFX
FZABX	0.92	0.89		0.89	0.95	0.72	FZABX
DTICX	0.76	0.88	0.89		0.82	0.76	DTICX
PLHTX	0.93	0.76	0.95	0.82		0.68	PLHTX
DSCPX	0.74	0.68	0.72	0.76	0.68		DSCPX
	MDSKX	MDBFX	FZABX	DTICX	PLHTX	DSCPX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Science 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 Science'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
MDSKX	0.88	0.13	0.13	0.23	0.77	(1.02)	2.00	(1.60)	5.58
MDBFX	0.12	0.02	(0.50)	1.07	0.00	(0.19)	0.24	(0.24)	0.60
FZABX	0.63	0.16	0.17	0.32	0.41	(0.75)	1.45	(1.17)	4.11
DTICX	0.06	0.00	(0.81)	0.09	0.00	(0.16)	0.13	(0.13)	0.38
PLHTX	0.55	0.09	0.09	0.24	0.39	(0.67)	1.21	(0.92)	5.21
DSCPX	0.80	0.07	0.08	0.18	0.61	(1.00)	2.43	(1.15)	4.81

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