Deutsche Croci Correlations

KDHAX Fund

USD 54.50 0.01 0.02%

The current 90-days correlation between Deutsche Croci Equity and Global Resources Fund is -0.05 (i.e., Good diversification). The correlation of Deutsche Croci 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 Croci Correlation With Market

Poor diversification

The correlation between Deutsche Croci Equity and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Croci Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Deutsche Croci 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

0.78	KDHSX	Deutsche Croci Equity	Pair Corr
1.0	KDHCX	Deutsche Croci Equity	Pair Corr
0.78	KDHIX	Deutsche Croci Equity	Pair Corr

Moving against Deutsche Mutual Fund

0.47	KTCAX	Deutsche Science And	Pair Corr
0.46	NOTCX	Deutsche Strategic High	Pair Corr
0.46	NOTAX	Deutsche Strategic High	Pair Corr
0.46	NOTIX	Deutsche Strategic High	Pair Corr
0.46	KCTCX	Deutsche California Tax	Pair Corr
0.46	KCTAX	Deutsche California Tax	Pair Corr
0.38	KTCIX	Deutsche Science And	Pair Corr
0.38	KTCSX	Deutsche Science And	Pair Corr
0.38	KTRAX	Deutsche Global Income	Pair Corr
0.38	KTRZX	Deutsche Global Income	Pair Corr
0.37	KTCCX	Deutsche Science And	Pair Corr
0.34	SCEMX	Deutsche Enhanced	Pair Corr
0.33	SRMSX	Deutsche Short Term	Pair Corr
0.48	SCMAX	Deutsche Massachusetts	Pair Corr
0.48	SCMBX	Deutsche Managed Mun	Pair Corr
0.46	SCMTX	Deutsche Intermediate	Pair Corr
0.46	SDCSX	Deutsche California Tax	Pair Corr
0.34	SUPAX	Deutsche Multi Asset	Pair Corr
0.32	SCSBX	Deutsche E Plus	Pair Corr

Related Correlations Analysis

	PSPFX	FRNRX	PNRCX	FIKAX	CAEIX	CGAEX
PSPFX		0.9	0.92	0.31	0.77	0.78	PSPFX
FRNRX	0.9		0.88	0.48	0.66	0.71	FRNRX
PNRCX	0.92	0.88		0.33	0.81	0.75	PNRCX
FIKAX	0.31	0.48	0.33		0.08	0.12	FIKAX
CAEIX	0.77	0.66	0.81	0.08		0.94	CAEIX
CGAEX	0.78	0.71	0.75	0.12	0.94		CGAEX
	PSPFX	FRNRX	PNRCX	FIKAX	CAEIX	CGAEX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Croci 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 Croci'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
PSPFX	1.23	0.44	0.23	24.87	1.22	(1.50)	3.08	(2.26)	7.71
FRNRX	0.72	0.12	0.07	1.01	1.02	(0.74)	1.60	(1.93)	4.74
PNRCX	0.93	0.17	0.11	0.23	1.25	(0.95)	2.24	(2.62)	6.80
FIKAX	0.75	0.07	0.02	0.84	0.97	(0.83)	1.63	(1.77)	4.98
CAEIX	0.75	0.03	0.02	0.07	0.98	(0.73)	1.42	(1.83)	4.38
CGAEX	0.74	0.09	0.04	1.60	0.94	(0.74)	1.43	(1.86)	4.38

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