Deutsche Core Correlations

SUWIX Fund

USD 35.34 0.13 0.37%

The current 90-days correlation between Deutsche E Equity and Deutsche Gnma Fund is 0.24 (i.e., Modest 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

Weak diversification

The correlation between Deutsche E Equity and DJI is 0.35 (i.e., Weak 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 gross domestic product.

Moving together with Deutsche Mutual Fund

0.69	GPBFX	Gmo E Plus	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.7	XOM	Exxon Mobil Corp	Pair Corr
0.7	PG	Procter Gamble Sell-off Trend	Pair Corr
0.81	VZ	Verizon Communications Aggressive Push	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr

Moving against Deutsche Mutual Fund

0.53	PQTNX	Pimco Trends Managed	Pair Corr
0.53	PQTIX	Aa Pimco Tr	Pair Corr
0.52	PQTAX	Pimco Trends Managed	Pair Corr
0.45	GPMFX	Guidepath Managed Futures	Pair Corr
0.66	BA	Boeing	Pair Corr
0.61	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	GCGGX	SRMBX	SRMAX	SRMCX	XDHGX	KTCCX	KTCAX	KTCIX	KTCSX
GCGGX		0.0	0.55	0.73	0.0	0.61	0.71	0.73	0.71	GCGGX
SRMBX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SRMBX
SRMAX	0.55	0.0		0.9	0.0	-0.06	0.1	0.16	0.11	SRMAX
SRMCX	0.73	0.0	0.9		0.0	0.25	0.37	0.41	0.38	SRMCX
XDHGX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	XDHGX
KTCCX	0.61	0.0	-0.06	0.25	0.0		0.95	0.92	0.95	KTCCX
KTCAX	0.71	0.0	0.1	0.37	0.0	0.95		0.99	1.0	KTCAX
KTCIX	0.73	0.0	0.16	0.41	0.0	0.92	0.99		1.0	KTCIX
KTCSX	0.71	0.0	0.11	0.38	0.0	0.95	1.0	1.0		KTCSX
	GCGGX	SRMBX	SRMAX	SRMCX	XDHGX	KTCCX	KTCAX	KTCIX	KTCSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

KTCSX	+ 1.0	KTCAX
KTCSX	+ 1.0	KTCIX
KTCIX	+ 0.99	KTCAX
KTCAX	+ 0.95	KTCCX
KTCSX	+ 0.95	KTCCX
KTCIX	+ 0.92	KTCCX

High negative correlations

KTCCX	- 0.06	SRMAX
KTCSX	- 0.0	XDHGX
KTCIX	- 0.0	XDHGX
KTCAX	- 0.0	XDHGX
KTCCX	- 0.0	XDHGX
XDHGX	- 0.0	SRMCX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCGGX	0.25	(0.01)	(0.24)	(0.07)	0.32	(0.29)	0.52	(0.52)	1.74
SRMBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SRMAX	0.06	0.00	(0.60)	0.13	0.00	(0.13)	0.10	(0.10)	0.71
SRMCX	0.04	0.00	(0.56)	(0.28)	0.00	(0.13)	0.10	(0.10)	0.51
XDHGX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KTCCX	1.38	(0.36)	0.00	(0.61)	0.00	0.00	1.76	(2.31)	24.35
KTCAX	1.10	(0.13)	0.00	(0.22)	0.00	0.00	1.78	(2.30)	11.23
KTCIX	1.07	(0.10)	0.00	(0.16)	0.00	0.00	1.77	(2.30)	9.89
KTCSX	1.09	(0.12)	0.00	(0.20)	0.00	0.00	1.78	(2.31)	10.89

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