Deutsche Capital Correlations

SDGCX Fund

USD 94.89 0.02 0.02%

The current 90-days correlation between Deutsche Capital Growth and Deutsche Gnma Fund is 0.04 (i.e., Significant 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

Poor diversification

The correlation between Deutsche Capital Growth and DJI is 0.67 (i.e., Poor 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

0.93	KTCCX	Deutsche Science And	Pair Corr
0.99	KTCAX	Deutsche Science And	Pair Corr
0.93	KTCIX	Deutsche Science And	Pair Corr
0.85	SSDAX	Deutsche Small Cap	Pair Corr
0.84	SSDCX	Deutsche Small Cap	Pair Corr
0.87	SSLCX	Deutsche Small Cap	Pair Corr
0.83	KDHSX	Deutsche Croci Equity	Pair Corr
0.85	KDHCX	Deutsche Croci Equity	Pair Corr
0.86	KDHIX	Deutsche Croci Equity	Pair Corr
0.71	SCEMX	Deutsche Enhanced	Pair Corr
0.95	SCQGX	Deutsche Large Cap	Pair Corr
0.94	SCPIX	Deutsche Sp 500	Pair Corr
0.99	BTIRX	Deutsche Equity 500	Pair Corr
0.94	BTIEX	Deutsche Equity 500	Pair Corr
0.98	SUPAX	Deutsche Multi Asset	Pair Corr
0.98	SUWZX	Deutsche E Equity	Pair Corr
0.93	SUWAX	Deutsche E Equity	Pair Corr
0.98	SUWCX	Deutsche E Equity	Pair Corr
0.93	SUWIX	Deutsche E Equity	Pair Corr

Moving against Deutsche Mutual Fund

0.75	GCGGX	Deutsche Gnma	Pair Corr
0.42	KCTAX	Deutsche California Tax	Pair Corr
0.31	SRMCX	Deutsche Short Term	Pair Corr
0.73	SCHLX	Deutsche Health And	Pair Corr
0.72	SUHCX	Deutsche Health And	Pair Corr
0.65	SCSBX	Deutsche E Plus	Pair Corr
0.56	SUICX	Deutsche Croci Inter	Pair Corr
0.54	SUIAX	Deutsche Croci Inter	Pair Corr
0.4	SCMTX	Deutsche Intermediate	Pair Corr
0.38	SDCSX	Deutsche California Tax	Pair Corr

Related Correlations Analysis

	GCGGX	SRMAX	SRMCX	KTCCX	KTCAX	KTCIX	KTCSX	SRMSX	KTRAX	KTRCX
GCGGX		0.36	0.69	-0.78	-0.76	-0.79	-0.79	0.34	0.03	0.08	GCGGX
SRMAX	0.36		0.81	-0.02	0.01	-0.02	-0.02	0.9	0.39	0.39	SRMAX
SRMCX	0.69	0.81		-0.38	-0.33	-0.38	-0.38	0.88	0.29	0.31	SRMCX
KTCCX	-0.78	-0.02	-0.38		0.95	1.0	1.0	0.0	0.48	0.44	KTCCX
KTCAX	-0.76	0.01	-0.33	0.95		0.95	0.95	0.04	0.55	0.5	KTCAX
KTCIX	-0.79	-0.02	-0.38	1.0	0.95		1.0	0.0	0.48	0.43	KTCIX
KTCSX	-0.79	-0.02	-0.38	1.0	0.95	1.0		0.0	0.48	0.43	KTCSX
SRMSX	0.34	0.9	0.88	0.0	0.04	0.0	0.0		0.43	0.42	SRMSX
KTRAX	0.03	0.39	0.29	0.48	0.55	0.48	0.48	0.43		1.0	KTRAX
KTRCX	0.08	0.39	0.31	0.44	0.5	0.43	0.43	0.42	1.0		KTRCX
	GCGGX	SRMAX	SRMCX	KTCCX	KTCAX	KTCIX	KTCSX	SRMSX	KTRAX	KTRCX

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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

KTCIX	+ 1.0	KTCCX
KTCSX	+ 1.0	KTCCX
KTCSX	+ 1.0	KTCIX
KTRCX	+ 1.0	KTRAX
KTCAX	+ 0.95	KTCCX
KTCIX	+ 0.95	KTCAX

High negative correlations

KTCSX	- 0.79	GCGGX
KTCIX	- 0.79	GCGGX
KTCCX	- 0.78	GCGGX
KTCAX	- 0.76	GCGGX
KTCSX	- 0.38	SRMCX
KTCIX	- 0.38	SRMCX

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
GCGGX	0.24	(0.06)	0.00	(0.87)	0.00	0.00	0.42	(0.68)	1.81
SRMAX	0.06	0.00	(0.77)	0.10	0.00	(0.14)	0.20	(0.10)	0.61
SRMCX	0.04	(0.01)	(0.76)	(0.50)	0.02	(0.13)	0.10	(0.10)	0.51
KTCCX	0.83	0.09	(0.02)	(2.66)	1.25	(0.78)	1.98	(2.31)	5.78
KTCAX	0.80	0.00	0.00	0.12	1.16	(0.75)	1.99	(2.30)	5.78
KTCIX	0.83	0.10	(0.02)	(3.11)	1.27	(0.76)	1.97	(2.30)	5.77
KTCSX	0.83	0.10	(0.02)	(3.13)	1.27	(0.76)	1.99	(2.31)	5.81
SRMSX	0.05	0.00	(0.80)	(0.63)	0.00	(0.14)	0.20	(0.10)	0.61
KTRAX	0.34	(0.04)	(0.25)	0.01	0.42	(0.36)	0.80	(0.79)	2.18
KTRCX	0.32	(0.04)	(0.28)	0.00	0.39	(0.35)	0.80	(0.70)	2.18

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