Deutsche Equity Correlations

BTIIX Fund

USD 190.06 0.09 0.05%

The current 90-days correlation between Deutsche Equity 500 and Sp 500 Index is 0.42 (i.e., Very weak diversification). The correlation of Deutsche Equity 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 Equity Correlation With Market

Very poor diversification

The correlation between Deutsche Equity 500 and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Equity 500 and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Deutsche Equity 500. 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 gross domestic product.

Moving together with Deutsche Mutual Fund

0.94	KTCCX	Deutsche Science And	Pair Corr
0.98	KTCAX	Deutsche Science And	Pair Corr
0.98	KTCIX	Deutsche Science And	Pair Corr
0.94	KTCSX	Deutsche Science And	Pair Corr
0.92	SSDZX	Deutsche Small Cap	Pair Corr
0.92	SSDAX	Deutsche Small Cap	Pair Corr
0.92	SSDCX	Deutsche Small Cap	Pair Corr
0.92	SSDIX	Deutsche Small Cap	Pair Corr
0.92	SSDSX	Deutsche Small Cap	Pair Corr
0.93	SSLCX	Deutsche Small Cap	Pair Corr
0.88	KDHSX	Deutsche Croci Equity	Pair Corr
0.91	KDHCX	Deutsche Croci Equity	Pair Corr
0.91	KDHAX	Deutsche Croci Equity	Pair Corr
0.91	KDHIX	Deutsche Croci Equity	Pair Corr
0.96	SCDGX	Deutsche E Equity	Pair Corr
0.77	SCEMX	Deutsche Enhanced	Pair Corr
0.99	SCGSX	Deutsche Capital Growth	Pair Corr
0.99	SCQGX	Deutsche Large Cap	Pair Corr
1.0	SCPIX	Deutsche Sp 500	Pair Corr

Moving against Deutsche Mutual Fund

0.75	GCGGX	Deutsche Gnma	Pair Corr
0.4	KCTCX	Deutsche California Tax	Pair Corr
0.34	SRMCX	Deutsche Short Term	Pair Corr
0.73	SCHLX	Deutsche Health And	Pair Corr
0.67	SCSBX	Deutsche E Plus	Pair Corr
0.57	SUICX	Deutsche Croci Inter	Pair Corr
0.55	SCINX	Deutsche Croci Inter	Pair Corr
0.55	SUIAX	Deutsche Croci Inter	Pair Corr
0.55	SUIIX	Deutsche Croci Inter	Pair Corr
0.55	SUIRX	Deutsche Croci Inter	Pair Corr
0.35	KCTAX	Deutsche California Tax	Pair Corr
0.32	SCMTX	Deutsche Intermediate	Pair Corr

Related Correlations Analysis

	SPFIX	DSPIX	BTIIX	SCPIX	NOSIX
SPFIX		0.62	0.62	0.62	0.62	SPFIX
DSPIX	0.62		1.0	1.0	1.0	DSPIX
BTIIX	0.62	1.0		1.0	1.0	BTIIX
SCPIX	0.62	1.0	1.0		1.0	SCPIX
NOSIX	0.62	1.0	1.0	1.0		NOSIX
	SPFIX	DSPIX	BTIIX	SCPIX	NOSIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Equity 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 Equity'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SPFIX	0.72	(0.15)	(0.10)	0.00	0.00	1.16	(1.72)	13.33
DSPIX	0.54	0.02	0.12	0.66	(0.56)	1.18	(1.32)	3.85
BTIIX	0.53	0.02	0.12	0.66	(0.54)	1.17	(1.31)	3.84
SCPIX	0.53	0.02	0.12	0.65	(0.54)	1.13	(1.30)	3.81
NOSIX	0.54	0.02	0.12	0.64	(0.57)	1.17	(1.31)	3.83

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC