Deutsche Multi-asset Correlations

Mutual Funds . USA . 
Fund . Deutsche Multi Asset Moderate
PLSCX Fund  USD 8.07  0.04  0.49%   
The current 90-days correlation between Deutsche Multi Asset and Catalyst Insider Income is 0.23 (i.e., Modest diversification). The correlation of Deutsche Multi-asset 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-asset Correlation With Market

Poor diversification

The correlation between Deutsche Multi Asset Moderate and DJI is 0.77 (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 unemployment.

Moving together with Deutsche Mutual Fund

  0.68SRMAX Deutsche Short TermPairCorr
  0.66SRMCX Deutsche Short TermPairCorr
  0.76KTCCX Deutsche Science AndPairCorr
  0.61KTCAX Deutsche Science AndPairCorr
  0.77KTCIX Deutsche Science AndPairCorr
  0.86KTCSX Deutsche Science AndPairCorr
  0.9SRMSX Deutsche Short TermPairCorr
  0.73KTRAX Deutsche Global IncomePairCorr
  0.73KTRCX Deutsche Global IncomePairCorr
  0.87KTRIX Deutsche Global IncomePairCorr
  0.69NOTCX Deutsche Strategic HighPairCorr
  0.75NOTAX Deutsche Strategic HighPairCorr
  0.74NOTIX Deutsche Strategic HighPairCorr
  0.73KTRSX Deutsche Global IncomePairCorr
  0.87KTRZX Deutsche Global IncomePairCorr
  0.9SSDZX Deutsche Small CapPairCorr
  0.9SSDAX Deutsche Small CapPairCorr
  0.88SSDCX Deutsche Small CapPairCorr
  0.9SSDIX Deutsche Small CapPairCorr
  0.9SSDSX Deutsche Small CapPairCorr
  0.93SSLCX Deutsche Small CapPairCorr
  0.64KDHSX Deutsche Croci EquityPairCorr
  0.64KDHCX Deutsche Croci EquityPairCorr
  0.82KDHAX Deutsche Croci EquityPairCorr
  0.82KDHIX Deutsche Croci EquityPairCorr
  0.82SCDGX Deutsche E EquityPairCorr
  0.72SCEMX Deutsche EnhancedPairCorr
  0.91SCINX Deutsche Croci InterPairCorr
  0.78SCGSX Deutsche Capital GrowthPairCorr
  0.94SCOBX Deutsche Global GrowthPairCorr
  0.77SCQGX Deutsche Large CapPairCorr
  0.77SCPIX Deutsche Sp 500PairCorr
  0.91SUIAX Deutsche Croci InterPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Multi-asset 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-asset'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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