Deutsche Real Correlations

RRRZX Fund

USD 21.71 0.03 0.14%

The current 90-days correlation between Deutsche Real Estate and Guidepath Managed Futures is -0.01 (i.e., Good diversification). The correlation of Deutsche Real 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 Real Correlation With Market

Modest diversification

The correlation between Deutsche Real Estate and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Real Estate 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 Real Estate. 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 nation.

Moving together with Deutsche Mutual Fund

0.79	O	Realty Income	Pair Corr
0.92	FR	First Industrial Realty	Pair Corr
0.79	HR	Healthcare Realty Trust	Pair Corr
0.9	KW	Kennedy Wilson Holdings	Pair Corr
0.78	UE	Urban Edge Properties	Pair Corr
0.92	WY	Weyerhaeuser Earnings Call This Week	Pair Corr
0.62	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.82	ADC-PA	Agree Realty	Pair Corr
0.65	VNO-PL	Vornado Realty Trust	Pair Corr
0.7	VNO-PM	Vornado Realty Trust	Pair Corr
0.64	VNO-PO	Vornado Realty Trust	Pair Corr
0.96	VICI	VICI Properties	Pair Corr
0.63	MITT-PB	AG Mortgage Investment	Pair Corr
0.89	ELME	Elme Communities	Pair Corr
0.85	EPRT	Essential Properties	Pair Corr
0.77	WELL	Welltower	Pair Corr
0.81	ESBA	Empire State Realty	Pair Corr
0.88	ESRT	Empire State Realty	Pair Corr
0.66	WHLR	Wheeler Real Estate	Pair Corr
0.81	EXPI	eXp World Holdings	Pair Corr

Moving against Deutsche Mutual Fund

0.65	MITT-PC	AG Mortgage Investment	Pair Corr
0.41	DX	Dynex Capital	Pair Corr
0.36	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	GPMFX	QMHIX	QCILIX	TIILX	ANBIX	RYIFX	MXIHX
GPMFX		0.84	-0.13	-0.16	-0.17	0.7	-0.17	GPMFX
QMHIX	0.84		-0.31	-0.37	-0.37	0.91	-0.39	QMHIX
QCILIX	-0.13	-0.31		0.91	0.99	-0.35	0.92	QCILIX
TIILX	-0.16	-0.37	0.91		0.91	-0.41	0.98	TIILX
ANBIX	-0.17	-0.37	0.99	0.91		-0.4	0.92	ANBIX
RYIFX	0.7	0.91	-0.35	-0.41	-0.4		-0.38	RYIFX
MXIHX	-0.17	-0.39	0.92	0.98	0.92	-0.38		MXIHX
	GPMFX	QMHIX	QCILIX	TIILX	ANBIX	RYIFX	MXIHX

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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

ANBIX	+ 0.99	QCILIX
MXIHX	+ 0.98	TIILX
MXIHX	+ 0.92	QCILIX
MXIHX	+ 0.92	ANBIX
RYIFX	+ 0.91	QMHIX
TIILX	+ 0.91	QCILIX

High negative correlations

RYIFX	- 0.41	TIILX
RYIFX	- 0.4	ANBIX
MXIHX	- 0.39	QMHIX
MXIHX	- 0.38	RYIFX
ANBIX	- 0.37	QMHIX
TIILX	- 0.37	QMHIX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Real 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 Real'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
GPMFX	0.44	0.02	0.00	(1.88)	0.52	(0.47)	0.76	(0.88)	2.31
QMHIX	0.59	0.11	0.09	(2.93)	0.76	(0.62)	1.30	(1.05)	3.92
QCILIX	0.14	(0.02)	0.00	(1.11)	0.00	0.00	0.28	(0.32)	0.91
TIILX	0.14	(0.02)	0.00	(0.62)	0.00	0.00	0.29	(0.29)	0.86
ANBIX	0.14	(0.02)	0.00	(2.92)	0.00	0.00	0.29	(0.29)	0.78
RYIFX	0.41	0.02	0.00	0.30	0.51	(0.45)	0.87	(0.82)	2.42
MXIHX	0.14	(0.02)	0.00	(0.49)	0.00	0.00	0.22	(0.34)	0.78

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