Dws Equity Correlations

Mutual Funds . USA . 
Fund . Dws Equity Sector
SNPTX Fund   18.79  0.08  0.43%   
The current 90-days correlation between Dws Equity Sector and Fidelity Focused High is 0.4 (i.e., Very weak diversification). The correlation of Dws Equity 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.

Dws Equity Correlation With Market

Weak diversification

The correlation between Dws Equity Sector and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dws Equity Sector 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 Dws Equity Sector. 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 Dws Mutual Fund

  0.86VTSAX Vanguard Total StockPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.97VINIX Vanguard InstitutionalPairCorr
  0.97VIIIX Vanguard InstitutionalPairCorr
  0.87VOLJX Abr 7525 VolatilityPairCorr
  0.82ARTNX Artisan Select EquityPairCorr
  0.71USA Liberty All StarPairCorr
  0.78GSWPX Goldman Sachs SmallmidPairCorr
  0.84JRODX J Hancock IiPairCorr
  0.62LTMIX Thornburg Limited TermPairCorr
  0.85DFEOX Us E EquityPairCorr
  0.82EVT Eaton Vance TaxPairCorr
  0.88ALCEX Avantis Large CapPairCorr
  0.86AGTHX Growth FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dws Mutual Fund performing well and Dws Equity 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 Dws Equity'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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