Deutsche Enhanced Correlations
| SZEIX Fund | USD 7.39 0.01 0.14% |
The current 90-days correlation between Deutsche Enhanced and Blackrock Funds Iii is 0.06 (i.e., Significant diversification). The correlation of Deutsche Enhanced 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 Enhanced Correlation With Market
Average diversification
The correlation between Deutsche Enhanced Emerging and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Enhanced Emerging and DJI in the same portfolio, assuming nothing else is changed.
Deutsche |
Moving together with Deutsche Mutual Fund
| 0.69 | KTCCX | Deutsche Science And | PairCorr |
| 0.73 | KTCAX | Deutsche Science And | PairCorr |
| 0.7 | KTCIX | Deutsche Science And | PairCorr |
| 0.7 | KTCSX | Deutsche Science And | PairCorr |
| 0.76 | KTRAX | Deutsche Global Income | PairCorr |
| 0.73 | KTRCX | Deutsche Global Income | PairCorr |
| 0.76 | KTRIX | Deutsche Global Income | PairCorr |
| 0.76 | KTRSX | Deutsche Global Income | PairCorr |
| 0.77 | KTRZX | Deutsche Global Income | PairCorr |
| 0.64 | SSDZX | Deutsche Small Cap | PairCorr |
| 0.64 | SSDAX | Deutsche Small Cap | PairCorr |
| 0.63 | SSDCX | Deutsche Small Cap | PairCorr |
| 0.64 | SSDIX | Deutsche Small Cap | PairCorr |
| 0.64 | SSDSX | Deutsche Small Cap | PairCorr |
| 0.63 | SSLCX | Deutsche Small Cap | PairCorr |
| 0.68 | KDHSX | Deutsche Croci Equity | PairCorr |
| 0.67 | KDHCX | Deutsche Croci Equity | PairCorr |
| 0.67 | KDHAX | Deutsche Croci Equity | PairCorr |
| 0.68 | KDHIX | Deutsche Croci Equity | PairCorr |
| 0.72 | SCDGX | Deutsche E Equity | PairCorr |
| 1.0 | SCEMX | Deutsche Enhanced | PairCorr |
| 0.7 | SCGSX | Deutsche Capital Growth | PairCorr |
| 0.68 | SCQGX | Deutsche Large Cap | PairCorr |
| 0.74 | SCPIX | Deutsche Sp 500 | PairCorr |
Moving against Deutsche Mutual Fund
| 0.34 | GCGGX | Deutsche Gnma | PairCorr |
| 0.5 | SUHCX | Deutsche Health And | PairCorr |
| 0.49 | SUHAX | Deutsche Health And | PairCorr |
| 0.49 | SUHIX | Deutsche Health And | PairCorr |
| 0.48 | SCHLX | Deutsche Health And | PairCorr |
Related Correlations Analysis
| 0.43 | 0.4 | 1.0 | 0.46 | 0.77 | BRIXX | ||
| 0.43 | 0.93 | 0.43 | 0.93 | 0.46 | SMGXX | ||
| 0.4 | 0.93 | 0.4 | 0.87 | 0.43 | PRXXX | ||
| 1.0 | 0.43 | 0.4 | 0.46 | 0.77 | DSHXX | ||
| 0.46 | 0.93 | 0.87 | 0.46 | 0.47 | DWGXX | ||
| 0.77 | 0.46 | 0.43 | 0.77 | 0.47 | CHNTX | ||
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Risk-Adjusted Indicators
There is a big difference between Deutsche Mutual Fund performing well and Deutsche Enhanced 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 Enhanced'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BRIXX | 0.03 | 0.01 | 0.00 | (0.38) | 0.00 | 0.00 | 1.01 | |||
| SMGXX | 0.03 | 0.01 | 0.00 | (0.12) | 0.00 | 0.00 | 1.01 | |||
| PRXXX | 0.03 | 0.00 | 0.00 | 0.45 | 0.00 | 0.00 | 1.01 | |||
| DSHXX | 0.03 | 0.01 | 0.00 | (0.38) | 0.00 | 0.00 | 1.01 | |||
| DWGXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| CHNTX | 0.50 | 0.10 | (0.01) | (1.29) | 0.45 | 0.97 | 3.50 |