Deutsche Science Correlations

KTCCX Fund

USD 16.46 0.17 1.04%

The correlation of Deutsche Science 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 Science Correlation With Market

Poor diversification

The correlation between Deutsche Science And and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Science And 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 Science And. 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 private.

Moving together with Deutsche Mutual Fund

0.75	GCGGX	Deutsche Gnma	Pair Corr
0.92	KTCAX	Deutsche Science And	Pair Corr
0.82	KTCIX	Deutsche Science And	Pair Corr
0.82	KTCSX	Deutsche Science And	Pair Corr
0.8	KTRAX	Deutsche Global Income	Pair Corr
0.95	KTRCX	Deutsche Global Income	Pair Corr
0.63	NOTCX	Deutsche Strategic High	Pair Corr
0.81	KTRSX	Deutsche Global Income	Pair Corr
0.81	KTRZX	Deutsche Global Income	Pair Corr
0.72	SCDGX	Deutsche E Equity	Pair Corr
0.71	SCGSX	Deutsche Capital Growth	Pair Corr
0.76	SCMTX	Deutsche Intermediate	Pair Corr
0.67	SCOBX	Deutsche Global Growth	Pair Corr
0.7	SCPIX	Deutsche Sp 500	Pair Corr
0.65	SCSBX	Deutsche E Plus	Pair Corr
0.7	BTIIX	Deutsche Equity 500	Pair Corr
0.7	BTIEX	Deutsche Equity 500	Pair Corr
0.81	SUPAX	Deutsche Multi Asset	Pair Corr
0.88	SUPCX	Deutsche Multi Asset	Pair Corr

Moving against Deutsche Mutual Fund

0.48	KDHSX	Deutsche Croci Equity	Pair Corr
0.49	KDHCX	Deutsche Croci Equity	Pair Corr
0.47	KDHIX	Deutsche Croci Equity	Pair Corr
0.44	KDHAX	Deutsche Croci Equity	Pair Corr

Related Correlations Analysis

	HUCXX	ELMXX	IVMXX	AEYXX	PFCXX	0P000070L2	JRSXX	FMVUX
HUCXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HUCXX
ELMXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ELMXX
IVMXX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IVMXX
AEYXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AEYXX
PFCXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PFCXX
0P000070L2	0.0	0.0	0.0	0.0	0.0		0.0	-0.13	0P000070L2
JRSXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	JRSXX
FMVUX	0.0	0.0	0.0	0.0	0.0	-0.13	0.0		FMVUX
	HUCXX	ELMXX	IVMXX	AEYXX	PFCXX	0P000070L2	JRSXX	FMVUX

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

ELMXX	+ 0.0	HUCXX
IVMXX	+ 0.0	HUCXX
AEYXX	+ 0.0	HUCXX
PFCXX	+ 0.0	HUCXX
0P000070L2	+ 0.0	HUCXX
JRSXX	+ 0.0	HUCXX

High negative correlations

FMVUX	- 0.13	0P000070L2
FMVUX	- 0.0	JRSXX
JRSXX	- 0.0	0P000070L2
FMVUX	- 0.0	PFCXX
JRSXX	- 0.0	PFCXX
0P000070L2	- 0.0	PFCXX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Science 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 Science'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
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ELMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PFCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
0P000070L2	0.03	0.01	0.00	(0.89)	0.00	0.00	0.00	0.00	0.40
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMVUX	0.64	(0.03)	(0.02)	0.03	0.83	(0.65)	1.52	(1.35)	4.41

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