Deutsche Large Correlations

Mutual Funds USA . 
Fund . Deutsche Large Cap
SCQGX Fund  USD 98.94  0.36  0.37%   
The current 90-days correlation between Deutsche Large Cap and Aqr Long Short Equity is 0.56 (i.e., Very weak diversification). The correlation of Deutsche Large 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. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Deutsche Mutual Fund

  0.96FAFGX American FundsPairCorr
  0.96FFAFX American FundsPairCorr
  0.95GFACX Growth FundPairCorr
  0.96GFAFX Growth FundPairCorr
  0.96AGTHX Growth FundPairCorr
  0.96CGFFX Growth FundPairCorr
  0.95CGFCX Growth FundPairCorr
  0.96CGFAX Growth FundPairCorr
  0.95CGFEX Growth FundPairCorr
  0.96RGAEX Growth FundPairCorr
  0.81SMPSX Semiconductor UltrasectorPairCorr
  0.81SMPIX Semiconductor UltrasectorPairCorr
  0.67RSNRX Victory Global NaturalPairCorr
  0.67RSNYX Victory Global NaturalPairCorr
  0.67RGNCX Victory Global NaturalPairCorr
  0.62XOM Exxon Mobil CorpPairCorr
  0.71JPM JPMorgan ChasePairCorr
  0.78GE GE Aerospace Earnings Call This WeekPairCorr
  0.75AXP American ExpressPairCorr
  0.63AA Alcoa Corp Earnings Call This WeekPairCorr
  0.7JNJ Johnson JohnsonPairCorr
  0.67DD Dupont De NemoursPairCorr
  0.63WMT WalmartPairCorr

Moving against Deutsche Mutual Fund

  0.39SPMJX Invesco Steelpath MlpPairCorr
  0.38OSPPX Oppenheimer Steelpath MlpPairCorr
  0.38SPMPX Invesco Steelpath MlpPairCorr
  0.38MLPNX Oppenheimer Steelpath MlpPairCorr
  0.38MLPLX Oppenheimer Steelpath MlpPairCorr
  0.67KO Coca Cola Earnings Call This WeekPairCorr
  0.63DIS Walt DisneyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Large 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 Large'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.

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