Deutsche Emerging Correlations

SEKAX Fund

USD 18.30 0.06 0.33%

The current 90-days correlation between Deutsche Emerging Markets and Deutsche Gnma Fund is 0.19 (i.e., Average diversification). The correlation of Deutsche Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Deutsche Emerging Markets and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Emerging Markets 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 Emerging Markets. 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

0.81	KTRAX	Deutsche Global Income	Pair Corr
0.81	KTRCX	Deutsche Global Income	Pair Corr
0.8	KTRIX	Deutsche Global Income	Pair Corr
0.8	KTRSX	Deutsche Global Income	Pair Corr
0.81	KTRZX	Deutsche Global Income	Pair Corr
0.8	SCOBX	Deutsche Global Growth	Pair Corr

Related Correlations Analysis

	GCGGX	SRMAX	SRMCX	KTCCX	KTCAX	KTCIX	KTCSX	SRMSX	KTRAX	KTRCX
GCGGX		0.4	0.76	-0.81	-0.79	-0.79	-0.82	0.43	0.0	0.05	GCGGX
SRMAX	0.4		0.82	-0.08	-0.06	-0.06	-0.08	0.97	0.37	0.38	SRMAX
SRMCX	0.76	0.82		-0.45	-0.44	-0.44	-0.45	0.87	0.21	0.25	SRMCX
KTCCX	-0.81	-0.08	-0.45		0.95	0.95	1.0	-0.08	0.48	0.43	KTCCX
KTCAX	-0.79	-0.06	-0.44	0.95		1.0	0.96	-0.07	0.54	0.49	KTCAX
KTCIX	-0.79	-0.06	-0.44	0.95	1.0		0.96	-0.07	0.54	0.49	KTCIX
KTCSX	-0.82	-0.08	-0.45	1.0	0.96	0.96		-0.08	0.48	0.43	KTCSX
SRMSX	0.43	0.97	0.87	-0.08	-0.07	-0.07	-0.08		0.39	0.41	SRMSX
KTRAX	0.0	0.37	0.21	0.48	0.54	0.54	0.48	0.39		1.0	KTRAX
KTRCX	0.05	0.38	0.25	0.43	0.49	0.49	0.43	0.41	1.0		KTRCX
	GCGGX	SRMAX	SRMCX	KTCCX	KTCAX	KTCIX	KTCSX	SRMSX	KTRAX	KTRCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

KTCSX	+ 1.0	KTCCX
KTCIX	+ 1.0	KTCAX
KTRCX	+ 1.0	KTRAX
SRMSX	+ 0.97	SRMAX
KTCSX	+ 0.96	KTCAX
KTCSX	+ 0.96	KTCIX

High negative correlations

KTCSX	- 0.82	GCGGX
KTCCX	- 0.81	GCGGX
KTCIX	- 0.79	GCGGX
KTCAX	- 0.79	GCGGX
KTCSX	- 0.45	SRMCX
KTCCX	- 0.45	SRMCX

Risk-Adjusted Indicators

There is a big difference between DEUTSCHE Mutual Fund performing well and Deutsche Emerging 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 Emerging'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	0.25	(0.03)	0.00	1.10	0.00	0.00	0.42	(0.68)	1.81
SRMAX	0.06	0.00	(0.81)	0.09	0.00	(0.14)	0.20	(0.10)	0.61
SRMCX	0.04	0.00	(0.80)	0.23	0.00	(0.13)	0.10	(0.10)	0.51
KTCCX	0.80	0.10	(0.02)	(17.78)	1.22	(0.74)	1.98	(2.31)	5.78
KTCAX	0.78	0.01	0.00	0.13	1.16	(0.73)	1.99	(2.30)	5.78
KTCIX	0.79	0.01	0.00	0.13	1.16	(0.73)	1.97	(2.30)	5.77
KTCSX	0.79	0.10	(0.02)	(74.57)	1.23	(0.73)	1.99	(2.31)	5.81
SRMSX	0.05	0.00	(0.84)	0.09	0.00	(0.14)	0.20	(0.10)	0.61
KTRAX	0.34	(0.03)	(0.24)	0.04	0.41	(0.36)	0.70	(0.79)	2.18
KTRCX	0.32	(0.03)	(0.26)	0.03	0.37	(0.36)	0.70	(0.70)	2.18

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC