Deutsche Science Correlations

KTCIX Fund

USD 43.57 0.06 0.14%

The current 90-days correlation between Deutsche Science And and Fidelity Advisor Health is 0.82 (i.e., Very poor diversification). The correlation of Deutsche Science 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 Science Correlation With Market

Almost no diversification

The correlation between Deutsche Science And and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Science And and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Deutsche Science And. 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

0.82	VEEA	Veea Inc Symbol Change	Pair Corr
0.85	DVLT	Datavault AI Symbol Change	Pair Corr
0.68	FAASW	DigiAsia Corp	Pair Corr
0.66	FMTO	Femto Technologies Symbol Change	Pair Corr
0.7	DBD	Diebold Nixdorf,	Pair Corr
0.72	HIT	Health In Tech,	Pair Corr
0.86	IPM	Intelligent Protection Symbol Change	Pair Corr
0.66	OUSTW	Ouster, Warrants	Pair Corr
0.73	WCT	Wellchange Holdings	Pair Corr
0.68	WRD	WeRide American Depo	Pair Corr
0.69	YAAS	Youxin Technology	Pair Corr
0.86	ZENA	ZenaTech	Pair Corr
0.83	ZSPC	zSpace, Common stock	Pair Corr
0.97	INGM	Ingram Micro Holding	Pair Corr
0.73	BZAIW	Blaize Holdings, Warrants Symbol Change	Pair Corr
0.93	MIND	Mind Technology	Pair Corr
0.95	HPE-PC	Hewlett Packard Ente	Pair Corr
0.86	NOVA	Sunnova Energy Inter	Pair Corr

Moving against Deutsche Mutual Fund

0.84	SWI	SolarWinds Corp	Pair Corr
0.61	VVPR	VivoPower International Buyout Trend	Pair Corr
0.43	VCSA	Vacasa Inc	Pair Corr
0.36	WETO	Webus International	Pair Corr
0.65	MASK	3 E Network	Pair Corr
0.61	HPAIW	Helport AI Limited	Pair Corr
0.4	SKGRU	SK Growth Opportunities	Pair Corr
0.38	MKFG	Markforged Holding Corp	Pair Corr

Related Correlations Analysis

	FHCCX	DLRHX	LHCCX	XHQHX	SCHLX	AHSCX	GTHCX
FHCCX		0.9	0.96	0.94	0.93	0.93	0.97	FHCCX
DLRHX	0.9		0.9	0.95	0.95	0.83	0.92	DLRHX
LHCCX	0.96	0.9		0.97	0.89	0.96	0.98	LHCCX
XHQHX	0.94	0.95	0.97		0.9	0.91	0.95	XHQHX
SCHLX	0.93	0.95	0.89	0.9		0.86	0.93	SCHLX
AHSCX	0.93	0.83	0.96	0.91	0.86		0.94	AHSCX
GTHCX	0.97	0.92	0.98	0.95	0.93	0.94		GTHCX
	FHCCX	DLRHX	LHCCX	XHQHX	SCHLX	AHSCX	GTHCX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Science 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 Science'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	Potential Upside	Value @Risk	Maximum Drawdown
FHCCX	1.10	(0.09)	(0.23)	1.76	(2.62)	8.74
DLRHX	1.00	(0.09)	(0.27)	1.81	(2.28)	8.10
LHCCX	1.26	(0.13)	(0.29)	1.84	(2.74)	8.23
XHQHX	1.32	(0.17)	(0.34)	2.56	(3.20)	10.91
SCHLX	0.96	(0.11)	(0.28)	1.73	(2.72)	7.72
AHSCX	0.94	(0.19)	(0.42)	1.26	(2.18)	6.51
GTHCX	0.94	(0.06)	(0.20)	1.61	(2.37)	7.55

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