Deutsche Latin Correlations

SLAFX Fund

USD 28.36 0.04 0.14%

The current 90-days correlation between Deutsche Latin America and T Rowe Price is 0.97 (i.e., Almost no diversification). The correlation of Deutsche Latin 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 Latin Correlation With Market

Modest diversification

The correlation between Deutsche Latin America and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Latin America 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 Latin America. 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 census.

Moving together with Deutsche Mutual Fund

0.88	GCGGX	Deutsche Gnma	Pair Corr
0.67	KCTCX	Deutsche California Tax	Pair Corr
0.84	SCINX	Deutsche Croci Inter	Pair Corr
0.84	SCHLX	Deutsche Health And	Pair Corr
0.85	SCSBX	Deutsche E Plus	Pair Corr

Moving against Deutsche Mutual Fund

0.74	SSLCX	Deutsche Small Cap	Pair Corr
0.72	KTCAX	Deutsche Science And	Pair Corr
0.72	KTCIX	Deutsche Science And	Pair Corr
0.72	KTCSX	Deutsche Science And	Pair Corr
0.71	KTCCX	Deutsche Science And	Pair Corr
0.71	KDHSX	Deutsche Croci Equity	Pair Corr
0.71	KDHAX	Deutsche Croci Equity	Pair Corr
0.71	KDHIX	Deutsche Croci Equity	Pair Corr
0.7	KDHCX	Deutsche Croci Equity	Pair Corr
0.7	SCDGX	Deutsche E Equity	Pair Corr
0.48	SSDZX	Deutsche Small Cap	Pair Corr
0.48	SSDAX	Deutsche Small Cap	Pair Corr
0.48	SSDIX	Deutsche Small Cap	Pair Corr
0.48	SSDSX	Deutsche Small Cap	Pair Corr
0.47	SSDCX	Deutsche Small Cap	Pair Corr
0.78	SCQGX	Deutsche Large Cap	Pair Corr
0.75	SCGSX	Deutsche Capital Growth	Pair Corr
0.75	SDGZX	Deutsche Capital Growth	Pair Corr
0.75	SDGTX	Deutsche Capital Growth	Pair Corr
0.73	SCPIX	Deutsche Sp 500	Pair Corr
0.73	BTIRX	Deutsche Equity 500	Pair Corr
0.73	BTIIX	Deutsche Equity 500	Pair Corr
0.73	BTIEX	Deutsche Equity 500	Pair Corr
0.7	SUPAX	Deutsche Multi Asset	Pair Corr
0.7	SUWZX	Deutsche E Equity	Pair Corr
0.7	SUWAX	Deutsche E Equity	Pair Corr

Related Correlations Analysis

	PRLAX	SLARX	SLAPX	SLANX
PRLAX		0.97	0.97	0.97	PRLAX
SLARX	0.97		1.0	1.0	SLARX
SLAPX	0.97	1.0		1.0	SLAPX
SLANX	0.97	1.0	1.0		SLANX
	PRLAX	SLARX	SLAPX	SLANX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Latin 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 Latin'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
PRLAX	0.73	(0.16)	(0.30)	1.13	(1.76)	4.06
SLARX	0.76	(0.19)	(0.47)	1.22	(1.74)	4.50
SLAPX	0.76	(0.19)	(0.47)	1.22	(1.76)	4.50
SLANX	0.76	(0.19)	(0.46)	1.22	(1.72)	4.47

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