Deutsche Small Correlations

Mutual Funds . USA . 
Fund . Deutsche Small Cap
SSDIX Fund  USD 39.28  0.13  0.33%   
The current 90-days correlation between Deutsche Small Cap and Blackrock Global Longshort is 0.4 (i.e., Very weak diversification). The correlation of Deutsche Small 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 Small Correlation With Market

Almost no diversification

The correlation between Deutsche Small Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Small Cap 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 Small Cap. 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 gross domestic product.

Moving together with Deutsche Mutual Fund

  0.9SRMAX Deutsche Short TermPairCorr
  0.82SRMCX Deutsche Short TermPairCorr
  0.9KTCCX Deutsche Science AndPairCorr
  0.88KTCIX Deutsche Science AndPairCorr
  0.89KTCSX Deutsche Science AndPairCorr
  0.89SRMSX Deutsche Short TermPairCorr
  0.9KTRAX Deutsche Global IncomePairCorr
  0.92KTRCX Deutsche Global IncomePairCorr
  0.92KTRIX Deutsche Global IncomePairCorr
  0.67NOTCX Deutsche Strategic HighPairCorr
  0.74NOTAX Deutsche Strategic HighPairCorr
  0.73NOTIX Deutsche Strategic HighPairCorr
  0.92KTRSX Deutsche Global IncomePairCorr
  0.92KTRZX Deutsche Global IncomePairCorr
  1.0SSDZX Deutsche Small CapPairCorr
  0.97SSDAX Deutsche Small CapPairCorr
  1.0SSDCX Deutsche Small CapPairCorr
  1.0SSDSX Deutsche Small CapPairCorr
  0.96SSLCX Deutsche Small CapPairCorr
  0.92KDHSX Deutsche Croci EquityPairCorr
  0.92KDHCX Deutsche Croci EquityPairCorr
  0.91KDHAX Deutsche Croci EquityPairCorr
  0.92KDHIX Deutsche Croci EquityPairCorr
  0.9SCDGX Deutsche E EquityPairCorr
  0.9SCEMX Deutsche EnhancedPairCorr
  0.9SCINX Deutsche Croci InterPairCorr
  0.85SCGSX Deutsche Capital GrowthPairCorr
  0.82SCHLX Deutsche Health AndPairCorr
  0.77SCMAX Deutsche MassachusettsPairCorr
  0.8SCMTX Deutsche IntermediatePairCorr
  0.9SCOBX Deutsche Global GrowthPairCorr
  0.89SCQGX Deutsche Large CapPairCorr
  0.92SCPIX Deutsche Sp 500PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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