Deutsche Science Correlations

KTCSX Fund

USD 43.97 0.02 0.05%

The current 90-days correlation between Deutsche Science And and VEEA is -0.05 (i.e., Good 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

Significant diversification

The correlation between Deutsche Science And and DJI is 0.01 (i.e., Significant 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 state.

Moving together with Deutsche Mutual Fund

0.71	DYSL	Dynasil Of	Pair Corr
0.75	DIDIY	Didi Global ADR	Pair Corr
0.81	WEBB	Web Global Holdings	Pair Corr
0.7	WELX	Winland Holdings	Pair Corr
0.63	WGNR	Wegener	Pair Corr
0.76	CETXP	Cemtrex Pref	Pair Corr

Moving against Deutsche Mutual Fund

0.76	VVPR	VivoPower International Tech Boost	Pair Corr
0.74	DLPX	Delphax Technologies	Pair Corr
0.74	VHAI	VHAI	Pair Corr
0.67	DMAN	Innovativ Media Group	Pair Corr
0.66	ELCO	Elcom International	Pair Corr
0.55	DZSI	DZS Inc	Pair Corr
0.48	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.83	EVOL	Evolving Systems	Pair Corr
0.82	VLD	Velo3D Inc	Pair Corr
0.81	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.69	SURGW	SurgePays Warrant	Pair Corr
0.58	SBIGW	SpringBig Holdings	Pair Corr
0.47	XELA	Exela Technologies Earnings Call This Week	Pair Corr
0.43	WRNT	Warrantee American	Pair Corr
0.34	GTLL	Global Techs	Pair Corr

Related Correlations Analysis

	VEEA	VVPR	WBTN	GCGGX	SRMAX	SRMCX	KTCIX
VEEA		0.09	-0.39	0.53	0.38	0.56	-0.23	VEEA
VVPR	0.09		0.5	0.63	-0.37	0.05	-0.77	VVPR
WBTN	-0.39	0.5		0.11	-0.43	-0.26	-0.23	WBTN
GCGGX	0.53	0.63	0.11		0.27	0.67	-0.79	GCGGX
SRMAX	0.38	-0.37	-0.43	0.27		0.83	0.04	SRMAX
SRMCX	0.56	0.05	-0.26	0.67	0.83		-0.36	SRMCX
KTCIX	-0.23	-0.77	-0.23	-0.79	0.04	-0.36		KTCIX
	VEEA	VVPR	WBTN	GCGGX	SRMAX	SRMCX	KTCIX

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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

SRMCX	+ 0.83	SRMAX
SRMCX	+ 0.67	GCGGX
GCGGX	+ 0.63	VVPR
SRMCX	+ 0.56	VEEA
GCGGX	+ 0.53	VEEA
WBTN	+ 0.5	VVPR

High negative correlations

KTCIX	- 0.79	GCGGX
KTCIX	- 0.77	VVPR
SRMAX	- 0.43	WBTN
WBTN	- 0.39	VEEA
SRMAX	- 0.37	VVPR
KTCIX	- 0.36	SRMCX

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
VEEA	9.34	(0.96)	0.00	0.53	0.00	0.00	11.11	(23.71)	157.04
VVPR	6.23	(0.51)	0.00	(1.05)	0.00	0.00	6.40	(15.56)	112.34
WBTN	3.10	(0.30)	0.00	(0.06)	0.00	0.00	7.65	(7.67)	20.14
GCGGX	0.24	(0.03)	0.00	1.40	0.00	0.00	0.42	(0.68)	1.81
SRMAX	0.06	0.00	(0.75)	(0.16)	0.00	(0.14)	0.20	(0.10)	0.61
SRMCX	0.04	(0.01)	(0.75)	(0.50)	0.02	(0.13)	0.10	(0.10)	0.51
KTCIX	0.79	(0.01)	(0.01)	0.11	1.20	(0.72)	1.97	(2.30)	5.77

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