Deutsche Multi Correlations

SUPAX Fund

USD 18.93 0.11 0.58%

The current 90-days correlation between Deutsche Multi Asset and Deutsche Gnma Fund is 0.06 (i.e., Significant diversification). The correlation of Deutsche Multi 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 Multi Correlation With Market

Very poor diversification

The correlation between Deutsche Multi Asset Global and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Multi Asset Global 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 Multi Asset Global. 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 nation.

Moving together with Deutsche Mutual Fund

0.97	KTCAX	Deutsche Science And	Pair Corr
0.96	SCPIX	Deutsche Sp 500	Pair Corr
0.96	BTIEX	Deutsche Equity 500	Pair Corr
0.96	SUWIX	Deutsche E Equity	Pair Corr
0.98	SDGAX	Deutsche Capital Growth	Pair Corr
0.95	SDGCX	Deutsche Capital Growth	Pair Corr
0.91	TISHX	Deutsche Munications	Pair Corr
0.93	KGDCX	Deutsche Global Small	Pair Corr
0.95	SZCIX	Deutsche Small Cap	Pair Corr
0.66	PPLSX	Deutsche Multi Asset	Pair Corr
0.91	FLICX	Deutsche Munications	Pair Corr
0.96	SNPTX	Dws Equity Sector	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr
0.99	VTSMX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.99	ELFNX	Elfun Trusts Elfun	Pair Corr
0.72	ACP	Aberdeen Income Credit	Pair Corr

Moving against Deutsche Mutual Fund

0.67	SCHLX	Deutsche Health And	Pair Corr
0.66	GGGGX	Deutsche Gnma	Pair Corr
0.59	DURSX	Deutsche European Equity	Pair Corr
0.57	RRGRX	Deutsche Global Real	Pair Corr
0.45	SUIRX	Deutsche Croci Inter	Pair Corr
0.8	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.73	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.63	PFHCX	Pacific Funds Small	Pair Corr
0.47	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	GCGGX	SRMAX	SRMCX	KTCCX	KTCAX	KTCIX	KTCSX	SRMSX	KTRAX	KTRCX
GCGGX		0.29	0.72	-0.74	-0.73	-0.73	-0.75	0.42	0.15	0.21	GCGGX
SRMAX	0.29		0.79	0.17	0.21	0.21	0.17	0.9	0.55	0.55	SRMAX
SRMCX	0.72	0.79		-0.32	-0.3	-0.3	-0.32	0.9	0.4	0.42	SRMCX
KTCCX	-0.74	0.17	-0.32		0.96	0.96	1.0	-0.02	0.42	0.37	KTCCX
KTCAX	-0.73	0.21	-0.3	0.96		1.0	0.96	-0.01	0.46	0.41	KTCAX
KTCIX	-0.73	0.21	-0.3	0.96	1.0		0.96	-0.01	0.45	0.4	KTCIX
KTCSX	-0.75	0.17	-0.32	1.0	0.96	0.96		-0.02	0.42	0.37	KTCSX
SRMSX	0.42	0.9	0.9	-0.02	-0.01	-0.01	-0.02		0.49	0.5	SRMSX
KTRAX	0.15	0.55	0.4	0.42	0.46	0.45	0.42	0.49		1.0	KTRAX
KTRCX	0.21	0.55	0.42	0.37	0.41	0.4	0.37	0.5	1.0		KTRCX
	GCGGX	SRMAX	SRMCX	KTCCX	KTCAX	KTCIX	KTCSX	SRMSX	KTRAX	KTRCX

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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

KTCSX	+ 1.0	KTCCX
KTCIX	+ 1.0	KTCAX
KTRCX	+ 1.0	KTRAX
KTCAX	+ 0.96	KTCCX
KTCIX	+ 0.96	KTCCX
KTCSX	+ 0.96	KTCAX

High negative correlations

KTCSX	- 0.75	GCGGX
KTCCX	- 0.74	GCGGX
KTCIX	- 0.73	GCGGX
KTCAX	- 0.73	GCGGX
KTCSX	- 0.32	SRMCX
KTCCX	- 0.32	SRMCX

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Multi 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 Multi'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
GCGGX	0.25	(0.06)	0.00	(3.47)	0.00	0.00	0.43	(0.68)	1.81
SRMAX	0.06	(0.01)	(0.70)	(0.08)	0.00	(0.14)	0.20	(0.10)	0.51
SRMCX	0.04	(0.01)	(0.78)	(0.47)	0.06	(0.12)	0.10	(0.10)	0.51
KTCCX	0.74	0.21	0.09	2.16	0.79	(0.77)	1.98	(1.64)	5.78
KTCAX	0.76	0.15	0.11	0.30	0.75	(0.78)	1.99	(1.61)	5.78
KTCIX	0.76	0.15	0.11	0.30	0.75	(0.78)	1.97	(1.60)	5.77
KTCSX	0.74	0.21	0.09	2.08	0.76	(0.76)	1.99	(1.60)	5.81
SRMSX	0.05	(0.01)	(0.81)	(0.35)	0.03	(0.14)	0.10	(0.10)	0.61
KTRAX	0.32	0.01	(0.15)	0.14	0.33	(0.35)	0.70	(0.69)	2.18
KTRCX	0.30	0.01	(0.17)	0.14	0.28	(0.35)	0.70	(0.68)	2.18

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