Deutsche Multi-asset Correlations

Mutual Funds . USA . 
Fund . Deutsche Multi Asset Moderate
PLSCX Fund  USD 7.54  0.03  0.40%   
The current 90-days correlation between Deutsche Multi Asset and Deutsche Gnma Fund is 0.4 (i.e., Very weak diversification). The correlation of Deutsche Multi-asset 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-asset Correlation With Market

Good diversification

The correlation between Deutsche Multi Asset Moderate and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Multi Asset Moderate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Deutsche Multi Asset Moderate. 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 main economic indicators.

Moving together with Deutsche Mutual Fund

  0.95SRMAX Deutsche Short TermPairCorr
  0.96SRMCX Deutsche Short TermPairCorr
  0.99KTCCX Deutsche Science AndPairCorr
  0.99KTCAX Deutsche Science AndPairCorr
  0.98KTCIX Deutsche Science AndPairCorr
  0.98KTCSX Deutsche Science AndPairCorr
  1.0KTRAX Deutsche Global IncomePairCorr
  0.99SSDZX Deutsche Small CapPairCorr
  0.97SSDAX Deutsche Small CapPairCorr
  0.96SSDCX Deutsche Small CapPairCorr
  0.97SSDIX Deutsche Small CapPairCorr
  0.83KDHCX Deutsche Croci EquityPairCorr
  1.0SCDGX Deutsche E EquityPairCorr
  0.69SCMAX Deutsche MassachusettsPairCorr
  0.98SCPIX Deutsche Sp 500PairCorr
  0.95SUIRX Deutsche Croci InterPairCorr
  1.0SUPAX Deutsche Multi AssetPairCorr
  1.0SUWAX Deutsche E EquityPairCorr
  0.99SDGZX Deutsche Capital GrowthPairCorr
  0.86RRGCX Deutsche Global RealPairCorr
  0.84RRGIX Deutsche Global RealPairCorr
  0.84RRGTX Deutsche Global RealPairCorr
  0.69RRRZX Deutsche Real EstatePairCorr
  0.62RRRRX Deutsche Real EstatePairCorr
  0.98SEKRX Dws Emerging MarketsPairCorr
  0.98KGDCX Deutsche Global SmallPairCorr
  0.99KGDAX Deutsche Global SmallPairCorr
  0.86AAAQX Deutsche Real AssetsPairCorr
  0.89AAAAX Deutsche Real AssetsPairCorr
  0.97KHYCX Deutsche High IncomePairCorr
  0.98SGHRX Deutsche Global HighPairCorr
  0.95PPIAX Deutsche Short DurationPairCorr
  1.0PPLSX Deutsche Multi AssetPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Multi-asset 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-asset'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCGGX  0.28  0.01 (0.34) 0.55  0.30 
(0.30)
 0.52 
(0.52)
 1.48 
SRMAX  0.06  0.02 (0.91)(14.88) 0.00 
(0.13)
 0.10 
(0.10)
 0.41 
SRMCX  0.06  0.01 (0.93)(1.87) 0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.90  0.36  0.21 (5.44) 0.60 
(1.13)
 2.37 
(1.31)
 6.17 
KTCAX  0.89  0.37  0.22 (5.63) 0.59 
(1.08)
 2.37 
(1.31)
 6.07 
KTCIX  0.90  0.22  0.23  0.35  0.59 
(1.11)
 2.38 
(1.31)
 6.06 
KTCSX  0.90  0.22  0.22  0.35  0.59 
(1.11)
 2.40 
(1.32)
 6.08 
SRMSX  0.06  0.02 (0.90)(1.95) 0.00 
(0.13)
 0.20 
(0.10)
 0.41 
KTRAX  0.33  0.15  0.02 (2.84) 0.00 
(0.43)
 1.03 
(0.45)
 1.94 
KTRCX  0.32  0.09  0.01  0.41  0.00 
(0.42)
 1.03 
(0.55)
 1.94 

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