Deutsche Multi Correlations

PPLSX Fund

USD 7.96 0.01 0.13%

The current 90-days correlation between Deutsche Multi Asset and Legg Mason Partners is 0.28 (i.e., Modest 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

Almost no diversification

The correlation between Deutsche Multi Asset Moderate and DJI is 0.95 (i.e., Almost no 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 main economic indicators.

Moving together with Deutsche Mutual Fund

0.72	GCGGX	Deutsche Gnma	Pair Corr
0.9	SRMAX	Deutsche Short Term	Pair Corr
0.85	SRMCX	Deutsche Short Term	Pair Corr
0.79	KTCCX	Deutsche Science And	Pair Corr
0.84	KTCIX	Deutsche Science And	Pair Corr
0.84	KTCSX	Deutsche Science And	Pair Corr
0.89	SRMSX	Deutsche Short Term	Pair Corr
0.88	KTRAX	Deutsche Global Income	Pair Corr
0.89	KTRCX	Deutsche Global Income	Pair Corr
0.89	KTRIX	Deutsche Global Income	Pair Corr
0.71	NOTCX	Deutsche Strategic High	Pair Corr
0.76	NOTAX	Deutsche Strategic High	Pair Corr
0.75	NOTIX	Deutsche Strategic High	Pair Corr
0.89	KTRSX	Deutsche Global Income	Pair Corr
0.89	KTRZX	Deutsche Global Income	Pair Corr
0.91	SSDZX	Deutsche Small Cap	Pair Corr
0.9	SSDAX	Deutsche Small Cap	Pair Corr
0.9	SSDCX	Deutsche Small Cap	Pair Corr
0.91	SSDIX	Deutsche Small Cap	Pair Corr
0.91	SSDSX	Deutsche Small Cap	Pair Corr
0.94	SSLCX	Deutsche Small Cap	Pair Corr
0.84	KDHSX	Deutsche Croci Equity Steady Growth	Pair Corr
0.84	KDHCX	Deutsche Croci Equity Steady Growth	Pair Corr
0.84	KDHAX	Deutsche Croci Equity Steady Growth	Pair Corr
0.84	KDHIX	Deutsche Croci Equity Steady Growth	Pair Corr
0.85	SCDGX	Deutsche E Equity	Pair Corr
0.89	SCEMX	Deutsche Enhanced	Pair Corr
0.9	SCINX	Deutsche Croci Inter	Pair Corr
0.76	SCGSX	Deutsche Capital Growth	Pair Corr
0.71	SCHLX	Deutsche Health And	Pair Corr
0.78	SCMAX	Deutsche Massachusetts	Pair Corr
0.83	SCMTX	Deutsche Intermediate	Pair Corr
0.95	SCOBX	Deutsche Global Growth	Pair Corr
0.77	SCQGX	Deutsche Large Cap	Pair Corr
0.92	SCPIX	Deutsche Sp 500	Pair Corr
0.69	SCSBX	Deutsche E Plus	Pair Corr

Related Correlations Analysis

	TEOJX	VASGX	RECIX	APDOX	REMVX	TMSSX	QLMETX
TEOJX		0.94	0.95	0.93	0.98	-0.1	-0.46	TEOJX
VASGX	0.94		0.93	0.92	0.89	0.06	-0.56	VASGX
RECIX	0.95	0.93		0.94	0.93	0.04	-0.56	RECIX
APDOX	0.93	0.92	0.94		0.93	-0.1	-0.59	APDOX
REMVX	0.98	0.89	0.93	0.93		-0.15	-0.41	REMVX
TMSSX	-0.1	0.06	0.04	-0.1	-0.15		-0.21	TMSSX
QLMETX	-0.46	-0.56	-0.56	-0.59	-0.41	-0.21		QLMETX
	TEOJX	VASGX	RECIX	APDOX	REMVX	TMSSX	QLMETX

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

REMVX	+ 0.98	TEOJX
RECIX	+ 0.95	TEOJX
VASGX	+ 0.94	TEOJX
APDOX	+ 0.94	RECIX
APDOX	+ 0.93	TEOJX
RECIX	+ 0.93	VASGX

High negative correlations

QLMETX	- 0.59	APDOX
QLMETX	- 0.56	RECIX
QLMETX	- 0.56	VASGX
QLMETX	- 0.46	TEOJX
QLMETX	- 0.41	REMVX
QLMETX	- 0.21	TMSSX

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
TEOJX	0.64	0.11	0.09	0.26	0.65	(0.73)	1.59	(1.27)	4.27
VASGX	0.43	0.02	(0.01)	0.08	0.54	(0.45)	0.91	(1.05)	2.57
RECIX	0.81	0.28	0.29	0.49	0.48	(0.95)	1.89	(1.33)	11.52
APDOX	0.10	0.07	0.09	1.18	0.00	(0.15)	0.28	(0.18)	0.56
REMVX	0.60	0.20	0.24	2.04	0.28	(0.79)	1.47	(0.84)	3.28
TMSSX	0.14	(0.03)	0.00	(0.31)	0.00	0.00	0.23	(0.23)	2.21
QLMETX	0.66	(0.11)	0.00	(0.14)	0.00	0.00	0.93	(1.11)	12.98

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC