Deutsche Capital Correlations

SCGSX Fund  USD 137.77  0.92  0.66%   
The current 90-days correlation between Deutsche Capital Growth and Pgim Jennison Technology is 0.05 (i.e., Significant diversification). The correlation of Deutsche Capital 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 Capital Correlation With Market

Significant diversification

The correlation between Deutsche Capital Growth and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Capital Growth 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 Capital Growth. 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 state.

Moving together with Deutsche Mutual Fund

  0.98KTCCX Deutsche Science AndPairCorr
  0.95KTCAX Deutsche Science AndPairCorr
  0.98KTCIX Deutsche Science AndPairCorr
  0.98KTCSX Deutsche Science AndPairCorr
  0.85SSDZX Deutsche Small CapPairCorr
  0.84SSDAX Deutsche Small CapPairCorr
  0.84SSDCX Deutsche Small CapPairCorr
  0.85SSDIX Deutsche Small CapPairCorr
  0.9SSDSX Deutsche Small CapPairCorr
  0.9SSLCX Deutsche Small CapPairCorr
  0.88KDHSX Deutsche Croci EquityPairCorr
  0.87KDHCX Deutsche Croci EquityPairCorr
  0.85KDHAX Deutsche Croci EquityPairCorr
  0.85KDHIX Deutsche Croci EquityPairCorr
  0.98SCDGX Deutsche E EquityPairCorr
  0.7SCEMX Deutsche EnhancedPairCorr
  0.99SCQGX Deutsche Large CapPairCorr
  0.99SCPIX Deutsche Sp 500PairCorr

Moving against Deutsche Mutual Fund

  0.71GCGGX Deutsche GnmaPairCorr
  0.74SUHAX Deutsche Health AndPairCorr
  0.74SUHCX Deutsche Health AndPairCorr
  0.73SUHIX Deutsche Health AndPairCorr
  0.69SCHLX Deutsche Health AndPairCorr
  0.65SCSBX Deutsche E PlusPairCorr
  0.52SUICX Deutsche Croci InterPairCorr
  0.5SUIAX Deutsche Croci InterPairCorr
  0.5SUIIX Deutsche Croci InterPairCorr
  0.5SUIRX Deutsche Croci InterPairCorr
  0.47SCINX Deutsche Croci InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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