Deutsche Intermediate Correlations
SCMTX Fund | USD 11.03 0.01 0.09% |
The current 90-days correlation between Deutsche Intermediate and Deutsche Global Infrastructure is 0.23 (i.e., Modest diversification). The correlation of Deutsche Intermediate 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 Intermediate Correlation With Market
Significant diversification
The correlation between Deutsche Intermediate Taxamt and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Intermediate Taxamt and DJI in the same portfolio, assuming nothing else is changed.
DEUTSCHE |
Moving together with DEUTSCHE Mutual Fund
0.91 | VWITX | Vanguard Intermediate-ter | PairCorr |
0.91 | VWIUX | Vanguard Intermediate-ter | PairCorr |
0.88 | AFTEX | Tax Exempt Bond | PairCorr |
0.88 | AFTFX | Tax Exempt Bond | PairCorr |
0.9 | TEBCX | Tax Exempt Bond | PairCorr |
0.86 | TEAFX | Tax Exempt Bond | PairCorr |
0.87 | TFEBX | Tax Exempt Bond | PairCorr |
0.8 | FLTMX | Fidelity Intermediate | PairCorr |
0.9 | MDNLX | Blackrock National | PairCorr |
0.92 | MFNLX | Blackrock Natl Muni | PairCorr |
Moving against DEUTSCHE Mutual Fund
0.51 | FSRBX | Banking Portfolio Banking | PairCorr |
0.46 | INPIX | Internet Ultrasector | PairCorr |
0.46 | INPSX | Internet Ultrasector | PairCorr |
0.45 | DXQLX | Direxion Monthly Nasdaq | PairCorr |
0.44 | RYVLX | Nasdaq 100 2x | PairCorr |
0.44 | RYVYX | Nasdaq 100 2x | PairCorr |
0.44 | UOPIX | Ultra Nasdaq 100 | PairCorr |
0.44 | RYCCX | Nasdaq 100 2x | PairCorr |
0.44 | UOPSX | Ultranasdaq 100 Profund | PairCorr |
0.36 | VSEQX | Vanguard Strategic Equity | PairCorr |
0.31 | PRDSX | T Rowe Price | PairCorr |
0.57 | GUMPX | Guggenheim Market Neutral | PairCorr |
0.51 | CPLIX | Calamos Phineus Longshort | PairCorr |
0.5 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
0.49 | KMKNX | Kinetics Market Oppo Steady Growth | PairCorr |
0.47 | LGPIX | Large Cap Growth | PairCorr |
0.47 | WCEYX | Ivy E Equity | PairCorr |
0.47 | SDGTX | Deutsche Capital Growth | PairCorr |
0.46 | AMEIX | Equity Growth | PairCorr |
0.43 | WCPSX | Mobile Telecommunicatio | PairCorr |
0.43 | THLCX | Thrivent Large Cap | PairCorr |
0.41 | TEGYX | Mid Cap Growth | PairCorr |
0.38 | VFMFX | Vanguard Multifactor | PairCorr |
0.37 | TRLCX | Tiaa-cref Large-cap | PairCorr |
0.36 | PWTAX | Ubs Allocation | PairCorr |
0.36 | NAESX | Vanguard Small Cap | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between DEUTSCHE Mutual Fund performing well and Deutsche Intermediate 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 Intermediate'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TOLCX | 0.47 | 0.09 | (0.04) | 1.99 | 0.47 | 0.91 | 2.20 | |||
PPLBX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
SCGEX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
SLANX | 0.76 | (0.19) | 0.00 | (0.46) | 0.00 | 1.22 | 4.47 | |||
SLAPX | 0.76 | (0.19) | 0.00 | (0.47) | 0.00 | 1.22 | 4.50 | |||
DSOSX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
SCMTX | 0.12 | (0.01) | (0.43) | (0.13) | 0.16 | 0.27 | 1.09 | |||
SDGTX | 0.64 | 0.02 | (0.01) | 0.14 | 0.93 | 1.55 | 4.69 | |||
DDMAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |