Deutsche Small Correlations

Mutual Funds . USA . 
Fund . Deutsche Small Cap
SSDCX Fund  USD 25.08  0.72  2.79%   
The current 90-days correlation between Deutsche Small Cap and Iaadx is -0.05 (i.e., Good diversification). The correlation of Deutsche Small 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 Small Correlation With Market

Poor diversification

The correlation between Deutsche Small Cap and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Small Cap 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 Small Cap. 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 population.

Moving together with Deutsche Mutual Fund

  0.9GCGGX Deutsche GnmaPairCorr
  0.86SRMAX Deutsche Short TermPairCorr
  0.85SRMCX Deutsche Short TermPairCorr
  0.83KTCCX Deutsche Science AndPairCorr
  0.8KTCAX Deutsche Science AndPairCorr
  0.83KTCIX Deutsche Science AndPairCorr
  0.83KTCSX Deutsche Science AndPairCorr
  0.85SRMSX Deutsche Short TermPairCorr
  0.87KTRAX Deutsche Global IncomePairCorr
  0.9KTRCX Deutsche Global IncomePairCorr
  0.9KTRIX Deutsche Global IncomePairCorr
  0.74NOTCX Deutsche Strategic HighPairCorr
  0.75NOTAX Deutsche Strategic HighPairCorr
  0.75NOTIX Deutsche Strategic HighPairCorr
  0.9KTRSX Deutsche Global IncomePairCorr
  0.9KTRZX Deutsche Global IncomePairCorr
  1.0SSDZX Deutsche Small CapPairCorr
  0.96SSDAX Deutsche Small CapPairCorr
  1.0SSDIX Deutsche Small CapPairCorr
  1.0SSDSX Deutsche Small CapPairCorr
  0.93SSLCX Deutsche Small CapPairCorr
  0.8KCTCX Deutsche California TaxPairCorr
  0.79KCTAX Deutsche California TaxPairCorr
  0.67KDHSX Deutsche Croci EquityPairCorr
  0.63KDHCX Deutsche Croci EquityPairCorr
  0.62KDHAX Deutsche Croci EquityPairCorr
  0.67KDHIX Deutsche Croci EquityPairCorr
  0.88SCDGX Deutsche E EquityPairCorr
  0.9SCEMX Deutsche EnhancedPairCorr
  0.91SCINX Deutsche Croci InterPairCorr
  0.85SCGSX Deutsche Capital GrowthPairCorr
  0.74SCHLX Deutsche Health AndPairCorr
  0.8SCMAX Deutsche MassachusettsPairCorr
  0.77SCMBX Deutsche Managed MunPairCorr
  0.82SCMTX Deutsche IntermediatePairCorr
  0.79SCOBX Deutsche Global GrowthPairCorr
  0.89SCQGX Deutsche Large CapPairCorr
  0.89SCPIX Deutsche Sp 500PairCorr
  0.89SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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