Deutsche Core Correlations

Mutual Funds . USA . 
Fund . Deutsche E Equity
SUWAX Fund  USD 37.89  0.06  0.16%   
The current 90-days correlation between Deutsche E Equity and Fidelity Series 1000 is 0.1 (i.e., Average diversification). The correlation of Deutsche Core 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 Core Correlation With Market

Very poor diversification

The correlation between Deutsche E Equity and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche E Equity 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 E Equity. 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

  0.96KTCCX Deutsche Science AndPairCorr
  0.96KTCAX Deutsche Science AndPairCorr
  0.96KTCIX Deutsche Science AndPairCorr
  0.96KTCSX Deutsche Science AndPairCorr
  0.92SSDZX Deutsche Small CapPairCorr
  0.92SSDAX Deutsche Small CapPairCorr
  0.92KDHSX Deutsche Croci EquityPairCorr
  0.91KDHCX Deutsche Croci EquityPairCorr
  1.0SCDGX Deutsche E EquityPairCorr
  0.73SCEMX Deutsche EnhancedPairCorr
  0.99SCPIX Deutsche Sp 500PairCorr
  0.99BTIIX Deutsche Equity 500PairCorr
  0.99BTIEX Deutsche Equity 500PairCorr
  1.0SUWZX Deutsche E EquityPairCorr
  0.98SDGZX Deutsche Capital GrowthPairCorr
  0.98SDGAX Deutsche Capital GrowthPairCorr
  0.9TISHX Deutsche CommunicationsPairCorr
  0.95KGDAX Deutsche Global SmallPairCorr
  0.95KGDIX Deutsche Global SmallPairCorr

Moving against Deutsche Mutual Fund

  0.73GCGGX Deutsche GnmaPairCorr
  0.73SCHLX Deutsche Health AndPairCorr
  0.71SUHAX Deutsche Health AndPairCorr
  0.71SUHCX Deutsche Health AndPairCorr
  0.56SUIAX Deutsche Croci InterPairCorr
  0.32SRMCX Deutsche Short TermPairCorr
  0.7SLAFX Deutsche Latin AmericaPairCorr
  0.4RRGCX Deutsche Global RealPairCorr
  0.37RRGRX Deutsche Global RealPairCorr
  0.36RRGIX Deutsche Global RealPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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