Deutsche Global Correlations
| RRGAX Fund | USD 7.20 0.02 0.28% |
The current 90-days correlation between Deutsche Global Real and Perkins Mid Cap is 0.3 (i.e., Weak diversification). The correlation of Deutsche Global 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 Global Correlation With Market
Modest diversification
The correlation between Deutsche Global Real and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Global Real and DJI in the same portfolio, assuming nothing else is changed.
Deutsche |
Moving together with Deutsche Mutual Fund
| 0.86 | GCGGX | Deutsche Gnma | PairCorr |
| 0.63 | SCINX | Deutsche Croci Inter | PairCorr |
| 0.86 | SCHLX | Deutsche Health And | PairCorr |
| 0.86 | SCSBX | Deutsche E Plus | PairCorr |
Moving against Deutsche Mutual Fund
| 0.58 | KTCIX | Deutsche Science And | PairCorr |
| 0.56 | SSLCX | Deutsche Small Cap Downward Rally | PairCorr |
| 0.54 | KTCSX | Deutsche Science And | PairCorr |
| 0.43 | KTCAX | Deutsche Science And | PairCorr |
| 0.58 | SCPIX | Deutsche Sp 500 | PairCorr |
| 0.57 | SCQGX | Deutsche Large Cap | PairCorr |
| 0.55 | SUPCX | Deutsche Multi Asset | PairCorr |
| 0.52 | SUPAX | Deutsche Multi Asset | PairCorr |
| 0.41 | SCGSX | Deutsche Capital Growth | PairCorr |
| 0.39 | SCDGX | Deutsche E Equity | PairCorr |
Related Correlations Analysis
| 0.75 | 0.05 | -0.14 | -0.05 | JDPAX | ||
| 0.75 | 0.48 | -0.4 | -0.45 | ELGAX | ||
| 0.05 | 0.48 | -0.54 | -0.56 | NFEAX | ||
| -0.14 | -0.4 | -0.54 | 0.47 | EMGAX | ||
| -0.05 | -0.45 | -0.56 | 0.47 | TLRAX | ||
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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 Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JDPAX | 0.68 | (0.11) | 0.00 | (0.43) | 0.00 | 1.19 | 12.68 | |||
| ELGAX | 0.95 | (0.06) | 0.00 | (0.04) | 0.00 | 1.83 | 12.66 | |||
| NFEAX | 0.74 | 0.11 | 0.07 | 0.14 | 1.08 | 1.78 | 5.46 | |||
| EMGAX | 0.63 | (0.04) | 0.00 | (0.12) | 0.00 | 1.28 | 5.16 | |||
| TLRAX | 0.22 | (0.07) | 0.00 | (3.75) | 0.00 | 0.42 | 1.16 |