Deutsche Short Correlations

Mutual Funds . USA . 
Fund . Deutsche Short Duration
PPLCX Fund  USD 8.49  0.01  0.12%   
The current 90-days correlation between Deutsche Short Duration and Deutsche Global Income is -0.01 (i.e., Good diversification). The correlation of Deutsche Short 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 Short Correlation With Market

Very poor diversification

The correlation between Deutsche Short Duration and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Short Duration 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 Short Duration. 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 private.

Moving together with Deutsche Mutual Fund

  0.79GCGGX Deutsche GnmaPairCorr
  0.93SRMAX Deutsche Short TermPairCorr
  0.86SRMCX Deutsche Short TermPairCorr
  0.81KTCCX Deutsche Science AndPairCorr
  0.75KTCIX Deutsche Science AndPairCorr
  0.77KTCSX Deutsche Science AndPairCorr
  0.93SRMSX Deutsche Short TermPairCorr
  0.89KTRAX Deutsche Global IncomePairCorr
  0.89KTRCX Deutsche Global IncomePairCorr
  0.89KTRIX Deutsche Global IncomePairCorr
  0.81NOTCX Deutsche Strategic HighPairCorr
  0.87NOTAX Deutsche Strategic HighPairCorr
  0.86NOTIX Deutsche Strategic HighPairCorr
  0.89KTRSX Deutsche Global IncomePairCorr
  0.89KTRZX Deutsche Global IncomePairCorr
  0.92SSDZX Deutsche Small CapPairCorr
  0.91SSDAX Deutsche Small CapPairCorr
  0.91SSDCX Deutsche Small CapPairCorr
  0.92SSDIX Deutsche Small CapPairCorr
  0.91SSDSX Deutsche Small CapPairCorr
  0.91SSLCX Deutsche Small CapPairCorr
  0.7KCTAX Deutsche California TaxPairCorr
  0.88KDHSX Deutsche Croci Equity Steady GrowthPairCorr
  0.88KDHCX Deutsche Croci EquityPairCorr
  0.89KDHAX Deutsche Croci EquityPairCorr
  0.88KDHIX Deutsche Croci EquityPairCorr
  0.86SCDGX Deutsche E EquityPairCorr
  0.91SCEMX Deutsche EnhancedPairCorr
  0.89SCINX Deutsche Croci InterPairCorr
  0.7SCGSX Deutsche Capital GrowthPairCorr
  0.81SCHLX Deutsche Health AndPairCorr
  0.87SCMAX Deutsche MassachusettsPairCorr
  0.7SCMBX Deutsche Managed MunPairCorr
  0.85SCMTX Deutsche IntermediatePairCorr
  0.89SCOBX Deutsche Global GrowthPairCorr
  0.79SCQGX Deutsche Large CapPairCorr
  0.88SCPIX Deutsche Sp 500PairCorr
  0.7SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Short 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 Short'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  0.13 (0.01)(0.21)(0.10) 0.14 
(0.15)
 0.25 
(0.25)
 0.84 
SRMAX  0.03  0.01  0.00 (1.75) 0.00 
 0.00 
 0.10 
 0.00 
 0.30 
SRMCX  0.03  0.00  0.00 (0.57) 0.00 
 0.00 
 0.10 
 0.00 
 0.30 
KTCCX  1.60  0.33  0.20  0.18  1.35 
(1.67)
 1.99 
(2.76)
 40.30 
KTCAX  1.06 (0.14) 0.00 (1.78) 0.00 
 0.00 
 1.75 
(2.71)
 6.72 
KTCIX  1.15 (0.09) 0.00 (0.05) 0.00 
 0.00 
 1.97 
(2.71)
 9.79 
KTCSX  1.17 (0.08) 0.00 (0.03) 0.00 
 0.00 
 1.97 
(2.72)
 11.02 
SRMSX  0.04  0.01  0.00 (0.72) 0.00 
 0.00 
 0.10 
 0.00 
 0.41 
KTRAX  0.44  0.11  0.14  13.08  0.23 
(0.54)
 0.93 
(0.91)
 6.47 
KTRCX  0.44  0.08  0.12  0.22  0.28 
(0.61)
 0.81 
(0.91)
 6.45 

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