Deutsche Managed Correlations

Mutual Funds . USA . 
Fund . Deutsche Managed Municipal
SMLAX Fund  USD 8.08  0.01  0.12%   
The current 90-days correlation between Deutsche Managed Mun and Praxis Small Cap is 0.19 (i.e., Average diversification). The correlation of Deutsche Managed 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 Managed Correlation With Market

Significant diversification

The correlation between Deutsche Managed Municipal and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Managed Municipal 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 Managed Municipal. 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

  0.7GCGGX Deutsche GnmaPairCorr
  0.69SRMCX Deutsche Short TermPairCorr
  0.67KTCAX Deutsche Science AndPairCorr
  0.63KTCIX Deutsche Science AndPairCorr
  0.62KTCSX Deutsche Science AndPairCorr
  0.93NOTCX Deutsche Strategic HighPairCorr
  0.93NOTAX Deutsche Strategic HighPairCorr
  0.94NOTIX Deutsche Strategic HighPairCorr
  0.93KCTCX Deutsche California TaxPairCorr
  0.93KCTAX Deutsche California TaxPairCorr
  0.66SCDGX Deutsche E EquityPairCorr
  0.62SCGSX Deutsche Capital GrowthPairCorr
  0.94SCMAX Deutsche MassachusettsPairCorr
  0.94SCMBX Deutsche Managed MunPairCorr
  0.92SCMTX Deutsche IntermediatePairCorr
  0.7SCQGX Deutsche Large CapPairCorr
  0.71SCPIX Deutsche Sp 500PairCorr
  0.76SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Managed 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 Managed'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.

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