Deutsche Global Correlations

TOLZX Fund

USD 15.18 0.17 1.13%

The current 90-days correlation between Deutsche Global Infr and Deutsche Gnma Fund is 0.48 (i.e., Very weak diversification). The correlation of Deutsche Global 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Deutsche Global Infrastructure. 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

0.72	GCGGX	Deutsche Gnma	Pair Corr
0.91	KTCCX	Deutsche Science And	Pair Corr
0.75	KTCAX	Deutsche Science And	Pair Corr
0.77	KTCIX	Deutsche Science And	Pair Corr
0.82	KTCSX	Deutsche Science And	Pair Corr
0.93	KTRAX	Deutsche Global Income	Pair Corr
0.94	KTRCX	Deutsche Global Income	Pair Corr
0.94	KTRIX	Deutsche Global Income	Pair Corr
0.64	NOTCX	Deutsche Strategic High	Pair Corr
0.61	NOTAX	Deutsche Strategic High	Pair Corr
0.93	KTRSX	Deutsche Global Income	Pair Corr
0.93	KTRZX	Deutsche Global Income	Pair Corr
0.74	SSDZX	Deutsche Small Cap	Pair Corr
0.78	SSDAX	Deutsche Small Cap	Pair Corr
0.82	SSDCX	Deutsche Small Cap	Pair Corr
0.76	SSDIX	Deutsche Small Cap	Pair Corr
0.74	SSDSX	Deutsche Small Cap	Pair Corr
0.63	KCTCX	Deutsche California Tax	Pair Corr
0.69	KCTAX	Deutsche California Tax	Pair Corr
0.96	KDHSX	Deutsche Croci Equity	Pair Corr
0.96	KDHCX	Deutsche Croci Equity	Pair Corr
0.96	KDHAX	Deutsche Croci Equity	Pair Corr
0.96	KDHIX	Deutsche Croci Equity	Pair Corr
0.92	SCDGX	Deutsche E Equity	Pair Corr
0.88	SCGSX	Deutsche Capital Growth	Pair Corr
0.63	SCHLX	Deutsche Health And	Pair Corr
0.64	SCMAX	Deutsche Massachusetts	Pair Corr
0.63	SCMBX	Deutsche Managed Mun	Pair Corr
0.63	SCOBX	Deutsche Global Growth	Pair Corr
0.77	SCQGX	Deutsche Large Cap	Pair Corr
0.8	SCPIX	Deutsche Sp 500	Pair Corr
0.62	SCSBX	Deutsche E Plus	Pair Corr

Related Correlations Analysis

	GCGGX	SRMAX	SRMCX	KTCCX	KTCAX	KTCIX	KTCSX	SRMSX	KTRAX	KTRCX
GCGGX		0.32	0.5	0.68	0.7	0.75	0.75	0.34	0.72	0.71	GCGGX
SRMAX	0.32		0.92	-0.13	0.25	0.2	0.12	0.98	-0.11	-0.13	SRMAX
SRMCX	0.5	0.92		0.16	0.47	0.4	0.35	0.94	0.16	0.14	SRMCX
KTCCX	0.68	-0.13	0.16		0.76	0.78	0.84	-0.13	0.93	0.96	KTCCX
KTCAX	0.7	0.25	0.47	0.76		0.96	0.96	0.25	0.71	0.73	KTCAX
KTCIX	0.75	0.2	0.4	0.78	0.96		0.99	0.19	0.74	0.76	KTCIX
KTCSX	0.75	0.12	0.35	0.84	0.96	0.99		0.12	0.8	0.82	KTCSX
SRMSX	0.34	0.98	0.94	-0.13	0.25	0.19	0.12		-0.12	-0.14	SRMSX
KTRAX	0.72	-0.11	0.16	0.93	0.71	0.74	0.8	-0.12		0.97	KTRAX
KTRCX	0.71	-0.13	0.14	0.96	0.73	0.76	0.82	-0.14	0.97		KTRCX
	GCGGX	SRMAX	SRMCX	KTCCX	KTCAX	KTCIX	KTCSX	SRMSX	KTRAX	KTRCX

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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	+ 0.99	KTCIX
SRMSX	+ 0.98	SRMAX
KTRCX	+ 0.97	KTRAX
KTRCX	+ 0.96	KTCCX
KTCIX	+ 0.96	KTCAX
KTCSX	+ 0.96	KTCAX

High negative correlations

KTRCX	- 0.14	SRMSX
SRMSX	- 0.13	KTCCX
KTRCX	- 0.13	SRMAX
KTCCX	- 0.13	SRMAX
KTRAX	- 0.12	SRMSX
KTRAX	- 0.11	SRMAX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Global 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 Global'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCGGX	0.27	(0.01)	0.00	1.32	0.00	0.61	(0.69)	2.00
SRMAX	0.07	0.00	(0.61)	0.00	(0.14)	0.20	(0.10)	0.71
SRMCX	0.05	0.00	(0.50)	0.47	(0.14)	0.20	(0.10)	0.51
KTCCX	1.39	(0.28)	0.00	(0.65)	0.00	1.98	(2.94)	24.81
KTCAX	1.14	(0.03)	0.00	(1.53)	0.00	2.00	(3.40)	11.67
KTCIX	1.09	(0.01)	0.00	1.46	0.00	1.97	(2.93)	10.31
KTCSX	1.11	(0.03)	0.00	(8.24)	0.00	1.99	(2.96)	11.32
SRMSX	0.06	0.00	(0.49)	(0.90)	(0.15)	0.20	(0.10)	0.71
KTRAX	0.59	(0.18)	0.00	(5.43)	0.00	0.68	(1.13)	11.88
KTRCX	0.58	(0.23)	0.00	(0.24)	0.00	0.70	(1.12)	11.87

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Deutsche Global Correlations

Moving together with Deutsche Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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