Deutsche Multi Correlations

Mutual Funds . USA . 
Fund . Deutsche Multi Asset Moderate
PLSCX Fund  USD 7.63  0.06  0.79%   
The current 90-days correlation between Deutsche Multi Asset and Tax Managed Large Cap is 0.95 (i.e., Almost no 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

Almost no diversification

The correlation between Deutsche Multi Asset Moderate and DJI is 0.92 (i.e., Almost no 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

  0.62RRRZX Deutsche Real EstatePairCorr
  0.97SEKRX Dws Emerging MarketsPairCorr
  0.79SZICX Deutsche E PlusPairCorr
  0.98PPLSX Deutsche Multi AssetPairCorr
  0.95DBIWX Dws Global MacroPairCorr
  1.0SNPTX Dws Equity SectorPairCorr

Related Correlations Analysis

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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.

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