Deutsche Global Correlations

RRGIX Fund

USD 7.57 0.06 0.80%

The current 90-days correlation between Deutsche Global Real and HUMANA INC is 0.09 (i.e., Significant diversification). The correlation of Deutsche Global 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 Global Correlation With Market

Modest diversification

The correlation between Deutsche Global Real and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Global Real 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 Global Real. 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 gross domestic product.

Moving together with Deutsche Mutual Fund

0.81	GCGGX	Deutsche Gnma	Pair Corr
0.68	SRMCX	Deutsche Short Term	Pair Corr
0.74	KCTCX	Deutsche California Tax	Pair Corr
0.74	KCTAX	Deutsche California Tax	Pair Corr
0.64	SCINX	Deutsche Croci Inter	Pair Corr
0.65	SCMAX	Deutsche Massachusetts	Pair Corr
0.61	SCMBX	Deutsche Managed Mun	Pair Corr
0.7	SCMTX	Deutsche Intermediate	Pair Corr
0.87	SCSBX	Deutsche E Plus	Pair Corr

Moving against Deutsche Mutual Fund

0.49	SSLCX	Deutsche Small Cap	Pair Corr
0.43	KTCAX	Deutsche Science And	Pair Corr
0.43	KTCIX	Deutsche Science And	Pair Corr
0.43	KTCSX	Deutsche Science And	Pair Corr
0.42	KTCCX	Deutsche Science And	Pair Corr
0.42	KDHSX	Deutsche Croci Equity	Pair Corr
0.42	KDHCX	Deutsche Croci Equity	Pair Corr
0.42	KDHAX	Deutsche Croci Equity	Pair Corr
0.42	KDHIX	Deutsche Croci Equity	Pair Corr
0.36	SCDGX	Deutsche E Equity	Pair Corr
0.45	SCQGX	Deutsche Large Cap	Pair Corr
0.4	SCGSX	Deutsche Capital Growth	Pair Corr
0.4	SDGZX	Deutsche Capital Growth	Pair Corr
0.4	SDGTX	Deutsche Capital Growth	Pair Corr
0.4	SDGAX	Deutsche Capital Growth	Pair Corr
0.38	SCPIX	Deutsche Sp 500	Pair Corr
0.38	BTIRX	Deutsche Equity 500	Pair Corr
0.38	BTIIX	Deutsche Equity 500	Pair Corr
0.38	BTIEX	Deutsche Equity 500	Pair Corr
0.37	SUWZX	Deutsche E Equity	Pair Corr

Related Correlations Analysis

	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX
444859BR2		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	444859BR2
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	BRRAY
MSTSX	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	MSTSX
LBHIX	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	LBHIX
ABHYX	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	ABHYX
SCAXF	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	SCAXF
VIASP	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	VIASP
AAEVX	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		AAEVX
	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX

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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

AAEVX	+ 0.75	MSTSX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	MSTSX
ABHYX	+ 0.51	LBHIX
SCAXF	+ 0.41	444859BR2
AAEVX	+ 0.41	VIASP

High negative correlations

VIASP	- 0.8	SCAXF
AAEVX	- 0.69	444859BR2
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
MSTSX	- 0.45	BRRAY
AAEVX	- 0.43	SCAXF

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Global 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 Global'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
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76

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