Deutsche Gold Correlations
| SGDIX Fund | USD 96.98 2.61 2.77% |
The correlation of Deutsche Gold 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 Gold Correlation With Market
Average diversification
The correlation between Deutsche Gold Precious and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Gold Precious and DJI in the same portfolio, assuming nothing else is changed.
Deutsche |
Moving together with Deutsche Mutual Fund
| 1.0 | SGDLX | Sprott Gold Equity Steady Growth | PairCorr |
| 0.98 | FEGOX | First Eagle Gold Steady Growth | PairCorr |
| 0.98 | SGGDX | First Eagle Gold Steady Growth | PairCorr |
| 0.98 | FEGIX | First Eagle Gold Steady Growth | PairCorr |
| 0.98 | OPGSX | Oppenheimer Gold Spec Steady Growth | PairCorr |
| 0.95 | OGMCX | Oppenheimer Gold Special Steady Growth | PairCorr |
| 0.94 | FSAGX | Gold Portfolio Gold Steady Growth | PairCorr |
| 0.94 | FIJDX | Gold Portfolio Fidelity Steady Growth | PairCorr |
| 0.76 | BIPIX | Biotechnology Ultrasector Steady Growth | PairCorr |
| 0.67 | ANOIX | Small Cap Growth | PairCorr |
| 0.63 | GADPX | Goldman Sachs Equity | PairCorr |
| 0.63 | ALFKX | Lord Abbett Alpha | PairCorr |
| 0.63 | JALRX | Multimanager Lifestyle | PairCorr |
| 0.7 | DULTX | Delaware Investments | PairCorr |
| 0.63 | RWSNX | Redwood Systematic Macro | PairCorr |
| 0.64 | PADAX | Prudential Absolute | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PFCXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FMFXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MODXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MPIXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.83 | 0.0 | FMVUX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.83 | 0.0 | SMAAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0P000070L2 | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Deutsche Mutual Fund performing well and Deutsche Gold 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 Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PFCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FMFXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MODXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MPIXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FMVUX | 0.67 | 0.04 | 0.07 | 0.13 | 0.55 | 1.41 | 3.57 | |||
| SMAAX | 0.08 | 0.03 | (0.68) | 3.05 | 0.00 | 0.20 | 0.40 | |||
| 0P000070L2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |