Deutsche Strategic Correlations

SHYTX Fund

USD 10.71 0.02 0.19%

The current 90-days correlation between Deutsche Strategic High and Voya Target Retirement is 0.23 (i.e., Modest diversification). The correlation of Deutsche Strategic 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 Strategic Correlation With Market

Average diversification

The correlation between Deutsche Strategic High and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Strategic High 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 Strategic High. 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 estimate.

Moving together with Deutsche Mutual Fund

0.85	GCGGX	Deutsche Gnma	Pair Corr
0.61	SRMAX	Deutsche Short Term	Pair Corr
0.76	SRMCX	Deutsche Short Term	Pair Corr
0.61	KTCCX	Deutsche Science And	Pair Corr
0.68	KTCAX	Deutsche Science And	Pair Corr
0.69	KTCIX	Deutsche Science And	Pair Corr
0.69	KTCSX	Deutsche Science And	Pair Corr
0.63	KTRAX	Deutsche Global Income	Pair Corr
0.65	KTRCX	Deutsche Global Income	Pair Corr
0.92	NOTAX	Deutsche Strategic High	Pair Corr
1.0	NOTIX	Deutsche Strategic High	Pair Corr
0.65	KTRSX	Deutsche Global Income	Pair Corr
0.68	SSDCX	Deutsche Small Cap	Pair Corr
0.66	SSDSX	Deutsche Small Cap	Pair Corr
0.64	SSLCX	Deutsche Small Cap	Pair Corr
0.91	KCTCX	Deutsche California Tax	Pair Corr
0.92	KCTAX	Deutsche California Tax	Pair Corr
0.63	KDHAX	Deutsche Croci Equity	Pair Corr
0.92	SCMAX	Deutsche Massachusetts	Pair Corr
0.92	SCMBX	Deutsche Managed Mun	Pair Corr
0.98	SCMTX	Deutsche Intermediate	Pair Corr
0.78	SCQGX	Deutsche Large Cap	Pair Corr
0.69	SCPIX	Deutsche Sp 500	Pair Corr
0.88	SCSBX	Deutsche E Plus	Pair Corr
0.69	BTIRX	Deutsche Equity 500	Pair Corr
0.92	SDCSX	Deutsche California Tax	Pair Corr
0.76	SUWZX	Deutsche E Equity	Pair Corr
0.71	SUWAX	Deutsche E Equity	Pair Corr
0.75	SUWCX	Deutsche E Equity	Pair Corr
0.76	SUWIX	Deutsche E Equity	Pair Corr

Related Correlations Analysis

	VRRJX	TCTZX	SIRZX	WBRMEX	PAKJX	IRCPX	CMATX
VRRJX		0.98	0.95	0.85	0.95	0.97	0.98	VRRJX
TCTZX	0.98		0.93	0.84	0.92	0.98	0.97	TCTZX
SIRZX	0.95	0.93		0.96	0.9	0.92	0.95	SIRZX
WBRMEX	0.85	0.84	0.96		0.8	0.82	0.88	WBRMEX
PAKJX	0.95	0.92	0.9	0.8		0.93	0.94	PAKJX
IRCPX	0.97	0.98	0.92	0.82	0.93		0.98	IRCPX
CMATX	0.98	0.97	0.95	0.88	0.94	0.98		CMATX
	VRRJX	TCTZX	SIRZX	WBRMEX	PAKJX	IRCPX	CMATX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Strategic 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 Strategic'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
VRRJX	0.42	0.03	(0.03)	0.17	0.57	(0.46)	0.96	(0.74)	3.25
TCTZX	0.28	0.01	(0.10)	0.11	0.33	(0.31)	0.61	(0.49)	1.95
SIRZX	0.29	0.01	(0.10)	0.11	0.42	(0.28)	0.58	(0.48)	2.40
WBRMEX	0.75	0.03	0.00	0.12	0.94	(0.83)	1.63	(1.10)	7.98
PAKJX	0.57	0.03	(0.01)	0.16	0.85	(0.57)	1.10	(1.24)	4.53
IRCPX	0.20	0.01	(0.12)	0.12	0.23	(0.29)	0.49	(0.37)	1.97
CMATX	0.40	0.03	(0.03)	0.18	0.47	(0.48)	0.94	(0.67)	3.48

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

Deutsche Strategic Correlations

Deutsche Strategic Correlation With Market

Average diversification

Moving together with Deutsche Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY