Deutsche Capital Correlations

Mutual Funds . USA . 
Fund . Deutsche Capital Growth
SCGSX Fund  USD 138.51  2.54  1.87%   
The current 90-days correlation between Deutsche Capital Growth and Deutsche Gnma Fund is -0.1 (i.e., Good diversification). The correlation of Deutsche Capital 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 Capital Correlation With Market

Very good diversification

The correlation between Deutsche Capital Growth and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Capital Growth 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 Capital Growth. 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 manufacturing.

Moving together with Deutsche Mutual Fund

  0.85GCGGX Deutsche GnmaPairCorr
  0.78SRMAX Deutsche Short TermPairCorr
  0.79SRMCX Deutsche Short TermPairCorr
  0.89KTCCX Deutsche Science AndPairCorr
  0.95KTCAX Deutsche Science AndPairCorr
  0.89KTCIX Deutsche Science AndPairCorr
  0.89KTCSX Deutsche Science AndPairCorr
  0.78SRMSX Deutsche Short TermPairCorr
  0.91KTRAX Deutsche Global IncomePairCorr
  0.88KTRCX Deutsche Global IncomePairCorr
  0.92KTRIX Deutsche Global IncomePairCorr
  0.8NOTCX Deutsche Strategic HighPairCorr
  0.64NOTAX Deutsche Strategic HighPairCorr
  0.64NOTIX Deutsche Strategic HighPairCorr
  0.88KTRSX Deutsche Global IncomePairCorr
  0.91KTRZX Deutsche Global IncomePairCorr
  0.85SSDZX Deutsche Small CapPairCorr
  0.85SSDAX Deutsche Small CapPairCorr
  0.78SSDIX Deutsche Small CapPairCorr
  0.78SSDSX Deutsche Small CapPairCorr
  0.62KCTCX Deutsche California TaxPairCorr
  0.83KCTAX Deutsche California TaxPairCorr
  0.95SCDGX Deutsche E EquityPairCorr
  0.71SCEMX Deutsche EnhancedPairCorr
  0.77SCINX Deutsche Croci InterPairCorr
  0.62SCHLX Deutsche Health AndPairCorr
  0.63SCMAX Deutsche MassachusettsPairCorr
  0.82SCMBX Deutsche Managed MunPairCorr
  0.84SCMTX Deutsche IntermediatePairCorr
  0.77SCOBX Deutsche Global GrowthPairCorr
  0.68SCQGX Deutsche Large CapPairCorr
  0.88SCPIX Deutsche Sp 500PairCorr
  0.63SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Capital 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 Capital'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCGGX  0.18  0.03 (0.06) 0.65  0.00 
(0.25)
 0.43 
(0.26)
 1.02 
SRMAX  0.05  0.00 (0.44)(0.14) 0.00 
(0.12)
 0.10 
(0.10)
 0.41 
SRMCX  0.05  0.00 (0.42) 0.24  0.00 
(0.12)
 0.10 
(0.10)
 0.40 
KTCCX  0.74  0.14  0.11  0.19  0.95 
(0.78)
 1.61 
(1.55)
 5.68 
KTCAX  0.71  0.15  0.07 (0.39) 0.96 
(0.72)
 1.55 
(1.56)
 3.92 
KTCIX  0.74  0.14  0.12  0.20  0.94 
(0.77)
 1.61 
(1.57)
 5.67 
KTCSX  0.74  0.14  0.12  0.20  0.94 
(0.77)
 1.60 
(1.59)
 5.65 
SRMSX  0.05  0.00 (0.40)(0.04) 0.00 
(0.13)
 0.10 
(0.10)
 0.61 
KTRAX  0.34  0.07  0.02 (0.40) 0.30 
(0.41)
 0.74 
(0.52)
 1.75 
KTRCX  0.34  0.04  0.05  0.13  0.31 
(0.40)
 0.87 
(0.54)
 2.52 

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