Deutsche Capital Correlations

SDGCX Fund

USD 87.07 0.46 0.53%

The current 90-days correlation between Deutsche Capital Growth and Dodge Cox Stock is 0.14 (i.e., Average diversification). The correlation of Deutsche Capital 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 Capital Correlation With Market

Modest diversification

The correlation between Deutsche Capital Growth 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 Capital Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Deutsche Capital Growth. 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

0.8	FAFGX	American Funds	Pair Corr
0.8	FFAFX	American Funds	Pair Corr
0.83	GFACX	Growth Fund	Pair Corr
0.8	GFAFX	Growth Fund	Pair Corr
0.8	CGFFX	Growth Fund	Pair Corr
0.83	CGFCX	Growth Fund	Pair Corr
0.81	CGFAX	Growth Fund	Pair Corr
0.81	CGFEX	Growth Fund	Pair Corr
0.8	RGAEX	Growth Fund	Pair Corr
0.86	IFN	India Closed	Pair Corr
0.62	USA	Liberty All Star	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.76	VZ	Verizon Communications Aggressive Push	Pair Corr
0.66	PG	Procter Gamble Sell-off Trend	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.64	CVX	Chevron Corp	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.64	HD	Home Depot	Pair Corr

Moving against Deutsche Mutual Fund

0.34	CII	Blackrock Enhanced	Pair Corr
0.34	ETV	Eaton Vance Tax	Pair Corr
0.56	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	DOXGX	FCLKX	TACLX	CMIFX	ALCEX	LMTIX	AMFFX
DOXGX		0.81	0.83	0.09	0.85	0.72	0.78	DOXGX
FCLKX	0.81		0.57	0.37	0.94	0.8	0.51	FCLKX
TACLX	0.83	0.57		-0.34	0.71	0.78	0.94	TACLX
CMIFX	0.09	0.37	-0.34		0.21	-0.01	-0.4	CMIFX
ALCEX	0.85	0.94	0.71	0.21		0.85	0.63	ALCEX
LMTIX	0.72	0.8	0.78	-0.01	0.85		0.77	LMTIX
AMFFX	0.78	0.51	0.94	-0.4	0.63	0.77		AMFFX
	DOXGX	FCLKX	TACLX	CMIFX	ALCEX	LMTIX	AMFFX

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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

ALCEX	+ 0.94	FCLKX
AMFFX	+ 0.94	TACLX
ALCEX	+ 0.85	DOXGX
LMTIX	+ 0.85	ALCEX
TACLX	+ 0.83	DOXGX
FCLKX	+ 0.81	DOXGX

High negative correlations

AMFFX	- 0.4	CMIFX
CMIFX	- 0.34	TACLX
LMTIX	- 0.01	CMIFX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Capital 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 Capital'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
DOXGX	0.57	0.05	(0.05)	0.61	0.68	(0.62)	1.27	(1.00)	5.95
FCLKX	0.60	0.05	0.00	0.20	0.75	(0.64)	1.16	(0.93)	5.36
TACLX	0.57	0.00	(0.10)	0.21	0.78	(0.60)	1.03	(0.97)	5.47
CMIFX	0.06	0.01	(0.57)	(2.77)	0.00	(0.11)	0.10	(0.10)	0.42
ALCEX	0.57	0.04	(0.01)	0.19	0.61	(0.66)	1.29	(0.91)	7.05
LMTIX	0.74	0.01	(0.02)	0.10	1.18	(0.72)	1.28	(1.50)	6.23
AMFFX	0.54	(0.03)	0.00	(4.75)	0.00	0.00	1.01	(1.01)	6.50

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