Deutsche Communications Correlations

TISHX Fund

USD 37.97 0.03 0.08%

The current 90-days correlation between Deutsche Communications and Qs Large Cap is 0.83 (i.e., Very poor diversification). The correlation of Deutsche Communications 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 Communications Correlation With Market

Good diversification

The correlation between Deutsche Munications Fund and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Munications Fund 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 Munications Fund. 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 rate.

Moving together with Deutsche Mutual Fund

0.95	KTCCX	Deutsche Science And	Pair Corr
0.92	KTCAX	Deutsche Science And	Pair Corr
0.92	KTCIX	Deutsche Science And	Pair Corr
0.95	KTCSX	Deutsche Science And	Pair Corr
0.82	SSDZX	Deutsche Small Cap	Pair Corr
0.82	SSDAX	Deutsche Small Cap	Pair Corr
0.81	SSDCX	Deutsche Small Cap	Pair Corr
0.82	SSDIX	Deutsche Small Cap	Pair Corr
0.82	SSDSX	Deutsche Small Cap	Pair Corr
0.91	SSLCX	Deutsche Small Cap	Pair Corr
0.87	KDHSX	Deutsche Croci Equity	Pair Corr
0.87	KDHCX	Deutsche Croci Equity	Pair Corr
0.87	KDHAX	Deutsche Croci Equity	Pair Corr
0.87	KDHIX	Deutsche Croci Equity	Pair Corr
0.93	SCDGX	Deutsche E Equity	Pair Corr
0.76	SCEMX	Deutsche Enhanced	Pair Corr
0.93	SCGSX	Deutsche Capital Growth	Pair Corr
0.94	SCQGX	Deutsche Large Cap	Pair Corr
0.94	SCPIX	Deutsche Sp 500	Pair Corr

Moving against Deutsche Mutual Fund

0.8	GCGGX	Deutsche Gnma	Pair Corr
0.65	SCINX	Deutsche Croci Inter	Pair Corr
0.43	KCTCX	Deutsche California Tax	Pair Corr
0.37	KCTAX	Deutsche California Tax	Pair Corr
0.33	SRMCX	Deutsche Short Term	Pair Corr
0.84	SUHAX	Deutsche Health And	Pair Corr
0.84	SUHIX	Deutsche Health And	Pair Corr
0.84	SUHCX	Deutsche Health And	Pair Corr
0.83	SCHLX	Deutsche Health And	Pair Corr
0.8	GGGGX	Deutsche Gnma	Pair Corr
0.74	SCSBX	Deutsche E Plus	Pair Corr
0.67	SUICX	Deutsche Croci Inter	Pair Corr
0.65	SUIAX	Deutsche Croci Inter	Pair Corr

Related Correlations Analysis

	LMTIX	RCLIX	JDVNX	DOXGX	LMUSX	AMONX	JLCNX
LMTIX		0.98	0.96	0.98	1.0	0.97	0.94	LMTIX
RCLIX	0.98		0.94	0.97	0.98	0.94	0.93	RCLIX
JDVNX	0.96	0.94		0.95	0.96	0.98	0.97	JDVNX
DOXGX	0.98	0.97	0.95		0.98	0.93	0.91	DOXGX
LMUSX	1.0	0.98	0.96	0.98		0.97	0.94	LMUSX
AMONX	0.97	0.94	0.98	0.93	0.97		0.97	AMONX
JLCNX	0.94	0.93	0.97	0.91	0.94	0.97		JLCNX
	LMTIX	RCLIX	JDVNX	DOXGX	LMUSX	AMONX	JLCNX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Communications 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 Communications' 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
LMTIX	0.61	0.12	0.00	2.72	0.73	(0.70)	1.33	(1.49)	4.07
RCLIX	0.53	0.06	(0.08)	3.23	0.68	(0.55)	1.10	(1.49)	4.03
JDVNX	0.58	(0.02)	(0.02)	0.11	0.51	(0.71)	1.19	(0.99)	5.12
DOXGX	0.52	0.09	(0.07)	(1.59)	0.44	(0.59)	0.94	(0.93)	4.22
LMUSX	0.61	0.12	0.00	3.42	0.73	(0.70)	1.28	(1.49)	4.08
AMONX	0.69	0.03	0.03	0.16	0.83	(0.73)	1.63	(1.30)	4.55
JLCNX	0.58	0.00	(0.02)	0.12	0.71	(0.57)	0.99	(1.43)	4.03

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