Deutsche California Correlations

SDCSX Fund

USD 6.20 0.00 0.45%

The correlation of Deutsche California 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.

Check out World Market Map to better understand how to build diversified portfolios. 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 state.

Moving together with Deutsche Mutual Fund

0.78	FCAVX	Franklin California Tax	Pair Corr
0.88	FKTQX	Franklin California Tax	Pair Corr
0.9	FRCTX	Franklin California Tax	Pair Corr
0.76	FKTFX	Franklin California Tax	Pair Corr
0.88	FTFQX	Franklin California Tax	Pair Corr
0.88	VCITX	Vanguard California	Pair Corr
0.75	VCLAX	Vanguard California	Pair Corr
0.9	TECCX	Tax Exempt Fund	Pair Corr
0.88	TAFTX	Tax Exempt Fund	Pair Corr
0.88	TECFX	Tax Exempt Fund	Pair Corr
0.61	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.66	VZ	Verizon Communications Aggressive Push	Pair Corr

Moving against Deutsche Mutual Fund

0.49	FSRBX	Banking Portfolio Banking	Pair Corr
0.47	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.46	PYAIX	Payden Absolute Return	Pair Corr
0.45	FTCAX	Templeton Strained Bond	Pair Corr
0.45	PYARX	Payden Absolute Return	Pair Corr
0.38	TEGYX	Mid Cap Growth	Pair Corr
0.57	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.54	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.5	BAC	Bank of America Aggressive Push	Pair Corr
0.48	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.46	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.44	WCEYX	Ivy E Equity	Pair Corr
0.43	HPQ	HP Inc	Pair Corr
0.42	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.34	TRLCX	Tiaa-cref Large-cap	Pair Corr

Related Correlations Analysis

	RAGHX	HIAHX	BHCHX	SCHLX	ETAHX	PHLAX	RYHAX
RAGHX		0.98	0.93	0.94	0.59	0.93	0.98	RAGHX
HIAHX	0.98		0.91	0.97	0.6	0.95	0.97	HIAHX
BHCHX	0.93	0.91		0.88	0.72	0.9	0.92	BHCHX
SCHLX	0.94	0.97	0.88		0.57	0.93	0.94	SCHLX
ETAHX	0.59	0.6	0.72	0.57		0.73	0.64	ETAHX
PHLAX	0.93	0.95	0.9	0.93	0.73		0.96	PHLAX
RYHAX	0.98	0.97	0.92	0.94	0.64	0.96		RYHAX
	RAGHX	HIAHX	BHCHX	SCHLX	ETAHX	PHLAX	RYHAX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche California 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 California'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RAGHX	0.62	(0.17)	(0.12)	0.96	(1.37)	3.33
HIAHX	0.64	(0.20)	(0.21)	0.91	(1.34)	3.83
BHCHX	0.66	(0.14)	(0.08)	1.27	(1.32)	4.20
SCHLX	0.54	(0.12)	(0.82)	0.89	(1.30)	3.08
ETAHX	1.01	(0.18)	(0.04)	2.27	(2.32)	7.54
PHLAX	0.65	(0.17)	(0.14)	1.04	(1.38)	5.07
RYHAX	0.57	(0.15)	(0.12)	0.96	(1.21)	3.56

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Deutsche California Correlations

Moving together with Deutsche Mutual Fund

Moving against Deutsche Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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