Deutsche Multi Correlations

PLSCX Fund

USD 7.92 0.02 0.25%

The current 90-days correlation between Deutsche Multi Asset and Cornerstone Moderately Aggressive is 0.91 (i.e., Almost no diversification). The correlation of Deutsche Multi 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 Multi Correlation With Market

Poor diversification

The correlation between Deutsche Multi Asset Moderate and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Multi Asset Moderate and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Deutsche Multi Asset Moderate. 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 manufacturing.

Moving together with Deutsche Mutual Fund

0.75	SXPCX	Deutsche Sp 500	Pair Corr
0.96	PPLSX	Deutsche Multi Asset	Pair Corr
0.81	DBIWX	Dws Global Macro	Pair Corr
0.86	SNPTX	Dws Equity Sector	Pair Corr
0.83	ABALX	American Balanced	Pair Corr
0.84	BALFX	American Balanced	Pair Corr
0.83	CLBAX	American Balanced	Pair Corr
0.78	BTMPX	Ishares Msci Eafe	Pair Corr
0.78	BTMKX	Blackrock International	Pair Corr
0.78	MDIIX	Blackrock Intern Index	Pair Corr
0.63	HSNYX	The Hartford Strategic	Pair Corr

Related Correlations Analysis

	USCRX	URFRX	FLMTX	WBRMEX	EXBAX	SBMCX
USCRX		0.87	0.9	0.89	0.81	0.82	USCRX
URFRX	0.87		0.74	0.82	0.93	0.88	URFRX
FLMTX	0.9	0.74		0.83	0.62	0.68	FLMTX
WBRMEX	0.89	0.82	0.83		0.75	0.83	WBRMEX
EXBAX	0.81	0.93	0.62	0.75		0.89	EXBAX
SBMCX	0.82	0.88	0.68	0.83	0.89		SBMCX
	USCRX	URFRX	FLMTX	WBRMEX	EXBAX	SBMCX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Multi 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 Multi'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
USCRX	0.38	0.00	(0.03)	0.06	0.48	(0.36)	0.79	(0.85)	2.12
URFRX	0.49	0.04	0.02	0.12	0.59	(0.51)	0.97	(1.01)	6.02
FLMTX	0.24	(0.01)	(0.12)	0.02	0.30	(0.27)	0.46	(0.46)	1.81
WBRMEX	0.76	(0.02)	(0.01)	0.04	0.99	(0.73)	1.85	(1.57)	3.82
EXBAX	0.33	0.07	0.08	0.28	0.07	(0.41)	0.66	(0.51)	4.18
SBMCX	0.53	0.08	0.12	0.15	0.36	(0.66)	1.01	(0.92)	9.35

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Deutsche Multi Correlations

Deutsche Multi Correlation With Market

Poor diversification

Moving together with Deutsche Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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