Deutsche Managed Correlations

SCMBX Fund

USD 8.01 0.01 0.12%

The current 90-days correlation between Deutsche Managed Mun and Qs Large Cap is 0.2 (i.e., Modest diversification). The correlation of Deutsche Managed 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 Managed Correlation With Market

Significant diversification

The correlation between Deutsche Managed Municipal and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Managed Municipal 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 Managed Municipal. 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 bureau of labor statistics.

Moving together with Deutsche Mutual Fund

0.75	GCGGX	Deutsche Gnma	Pair Corr
0.66	KTCCX	Deutsche Science And	Pair Corr
0.68	KTCAX	Deutsche Science And	Pair Corr
0.64	KTCIX	Deutsche Science And	Pair Corr
0.64	KTCSX	Deutsche Science And	Pair Corr
0.78	KTRAX	Deutsche Global Income	Pair Corr
0.72	KTRCX	Deutsche Global Income	Pair Corr
0.75	KTRIX	Deutsche Global Income	Pair Corr
1.0	NOTCX	Deutsche Strategic High	Pair Corr
1.0	NOTAX	Deutsche Strategic High	Pair Corr
1.0	NOTIX	Deutsche Strategic High	Pair Corr
0.75	KTRSX	Deutsche Global Income	Pair Corr
0.74	KTRZX	Deutsche Global Income	Pair Corr
0.99	KCTCX	Deutsche California Tax	Pair Corr
0.97	KCTAX	Deutsche California Tax	Pair Corr
0.74	SCDGX	Deutsche E Equity	Pair Corr
0.86	SCEMX	Deutsche Enhanced	Pair Corr
0.69	SCHLX	Deutsche Health And	Pair Corr
0.99	SCMAX	Deutsche Massachusetts	Pair Corr
0.97	SCMTX	Deutsche Intermediate	Pair Corr
0.72	SCPIX	Deutsche Sp 500	Pair Corr
0.75	SCSBX	Deutsche E Plus	Pair Corr

Moving against Deutsche Mutual Fund

0.66	SSLCX	Deutsche Small Cap	Pair Corr
0.32	KDHCX	Deutsche Croci Equity	Pair Corr
0.32	KDHAX	Deutsche Croci Equity	Pair Corr

Related Correlations Analysis

	LMTIX	KCGSX	BBISX	WILCX	GMLVX	NQCAX	LMUSX	TALCX
LMTIX		0.95	0.9	0.85	0.84	0.85	1.0	0.85	LMTIX
KCGSX	0.95		0.79	0.76	0.88	0.75	0.95	0.76	KCGSX
BBISX	0.9	0.79		0.94	0.71	0.8	0.89	0.91	BBISX
WILCX	0.85	0.76	0.94		0.72	0.72	0.85	0.83	WILCX
GMLVX	0.84	0.88	0.71	0.72		0.69	0.84	0.72	GMLVX
NQCAX	0.85	0.75	0.8	0.72	0.69		0.85	0.92	NQCAX
LMUSX	1.0	0.95	0.89	0.85	0.84	0.85		0.85	LMUSX
TALCX	0.85	0.76	0.91	0.83	0.72	0.92	0.85		TALCX
	LMTIX	KCGSX	BBISX	WILCX	GMLVX	NQCAX	LMUSX	TALCX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Managed 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 Managed'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
LMTIX	0.54	0.03	0.02	0.10	0.76	(0.49)	1.26	(1.35)	3.64
KCGSX	0.65	0.04	0.03	0.11	0.89	(0.65)	1.60	(1.46)	3.99
BBISX	0.54	0.03	0.04	0.11	0.55	(0.57)	1.25	(1.27)	3.29
WILCX	0.39	0.04	0.01	0.14	0.32	(0.47)	0.83	(0.63)	2.22
GMLVX	0.65	0.06	0.05	0.16	0.77	(0.76)	1.35	(1.05)	4.38
NQCAX	0.59	0.07	0.01	1.01	0.68	(0.68)	1.07	(1.24)	3.38
LMUSX	0.54	0.03	0.02	0.10	0.76	(0.50)	1.25	(1.38)	3.58
TALCX	0.51	0.08	0.03	1.07	0.53	(0.56)	1.24	(0.94)	3.20

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