Deutsche Science Correlations

KTCIX Fund

USD 50.47 0.19 0.38%

The current 90-days correlation between Deutsche Science And and Auer Growth Fund is 0.38 (i.e., Weak 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

Poor diversification

The correlation between Deutsche Science And and DJI is 0.67 (i.e., Poor 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

0.87	DBD	Diebold Nixdorf,	Pair Corr
0.87	GENVR	Gen Digital Contingent	Pair Corr
0.71	BULLW	Webull Warrants	Pair Corr
0.68	JNPR	Juniper Networks	Pair Corr
0.82	HPE-PC	Hewlett Packard Ente	Pair Corr
0.83	CORZZ	Core Scientific, Tranche	Pair Corr
0.86	STRF	MicroStrategy Incorporated	Pair Corr
0.94	SRMAX	Deutsche Short Term	Pair Corr
0.95	SRMCX	Deutsche Short Term	Pair Corr

Moving against Deutsche Mutual Fund

0.61	EXOD	Exodus Movement,	Pair Corr
0.57	VISL	Vislink Technologies	Pair Corr
0.33	DVLT	Datavault AI Symbol Change	Pair Corr
0.33	BULLZ	Webull Incentive	Pair Corr
0.41	ODYS	Odysightai Common Stock	Pair Corr
0.33	APCX	Apptech Corp	Pair Corr
0.82	SMTK	SmartKem, Common Stock	Pair Corr
0.59	AXIL	AXIL Brands,	Pair Corr

Related Correlations Analysis

	AUERX	ADGAX	LIGFX	ABVCX	CLPCX
AUERX		0.95	0.97	0.93	0.95	AUERX
ADGAX	0.95		0.96	0.99	0.96	ADGAX
LIGFX	0.97	0.96		0.94	0.96	LIGFX
ABVCX	0.93	0.99	0.94		0.93	ABVCX
CLPCX	0.95	0.96	0.96	0.93		CLPCX
	AUERX	ADGAX	LIGFX	ABVCX	CLPCX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AUERX	0.67	0.19	0.14	0.49	0.64	(0.77)	1.54	(1.25)	3.91
ADGAX	0.87	0.40	0.20	(0.70)	0.70	(1.05)	2.01	(1.45)	12.66
LIGFX	0.26	0.05	(0.09)	0.27	0.12	(0.31)	0.71	(0.61)	1.63
ABVCX	0.72	0.28	0.12	(0.64)	0.63	(0.81)	1.51	(1.22)	10.16
CLPCX	0.74	0.10	0.08	0.24	0.69	(0.89)	1.62	(1.17)	5.02

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