Deutsche Multi-asset Correlations

PLUSX Fund

USD 7.63 0.06 0.79%

The current 90-days correlation between Deutsche Multi Asset and Transamerica Bond Class is 0.27 (i.e., Modest 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

Very poor diversification

The correlation between Deutsche Multi Asset Moderate and DJI is 0.86 (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 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 state.

Moving together with Deutsche Mutual Fund

0.96	SEKRX	Dws Emerging Markets	Pair Corr
1.0	PLSCX	Deutsche Multi Asset	Pair Corr
0.72	SZICX	Deutsche E Plus	Pair Corr
1.0	PPLSX	Deutsche Multi Asset	Pair Corr
0.89	SNPTX	Dws Equity Sector	Pair Corr
0.89	FBONX	American Funds American	Pair Corr
0.89	FBAFX	American Funds American	Pair Corr
0.99	ABALX	American Balanced	Pair Corr
0.99	BALCX	American Balanced	Pair Corr
0.89	BALFX	American Balanced	Pair Corr
0.99	RLBCX	American Balanced	Pair Corr
0.99	RLBBX	American Balanced	Pair Corr
0.99	CLBAX	American Balanced	Pair Corr
0.99	CLBEX	American Balanced	Pair Corr
0.99	RLBFX	American Balanced	Pair Corr
0.84	CPAYX	Columbia Pacific/asia	Pair Corr
0.87	CASAX	Columbia Pacific/asia	Pair Corr
0.84	CCCZX	Center St Brookfield	Pair Corr
0.97	CASCX	Columbia Pacific/asia	Pair Corr
0.97	MGHRX	Morgan Stanley Insti	Pair Corr
0.97	MSEQX	Growth Portfolio Class	Pair Corr
0.97	MSHLX	Growth Portfolio Class	Pair Corr
0.88	BEMIX	Brandes Emerging Markets	Pair Corr
0.97	MDIKX	Mfs International	Pair Corr
0.89	CCOYX	Columbia Seligman	Pair Corr
0.87	AMIDX	Amana Developing World	Pair Corr
0.8	HSSIX	Emerald Banking And	Pair Corr
0.74	FISAX	Franklin Adjustable	Pair Corr
0.79	VCRCX	Mainstay Cbre Global	Pair Corr
0.9	TSFIX	Touchstone Small Cap	Pair Corr
0.81	EKGIX	Wells Fargo Global	Pair Corr

Moving against Deutsche Mutual Fund

0.32

NOTAX

Deutsche Strategic High

Pair Corr

Related Correlations Analysis

	TAADX	ANAGX	TTRBX	UIITX	RULFX	MSTBX	BXHCX	FULIX
TAADX		0.68	0.92	0.9	0.75	0.7	0.48	0.63	TAADX
ANAGX	0.68		0.59	0.69	0.47	0.87	0.77	0.83	ANAGX
TTRBX	0.92	0.59		0.81	0.87	0.67	0.58	0.71	TTRBX
UIITX	0.9	0.69	0.81		0.81	0.67	0.43	0.6	UIITX
RULFX	0.75	0.47	0.87	0.81		0.56	0.5	0.65	RULFX
MSTBX	0.7	0.87	0.67	0.67	0.56		0.88	0.93	MSTBX
BXHCX	0.48	0.77	0.58	0.43	0.5	0.88		0.95	BXHCX
FULIX	0.63	0.83	0.71	0.6	0.65	0.93	0.95		FULIX
	TAADX	ANAGX	TTRBX	UIITX	RULFX	MSTBX	BXHCX	FULIX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TAADX	0.22	0.00	(0.77)	0.28	0.19	(0.26)	0.38	(0.38)	1.12
ANAGX	0.16	0.01	(0.99)	1.84	0.10	(0.20)	0.29	(0.29)	0.73
TTRBX	0.15	0.02	(1.08)	0.98	0.00	(0.20)	0.31	(0.20)	0.81
UIITX	0.24	0.01	(0.71)	1.15	0.23	(0.28)	0.44	(0.44)	1.21
RULFX	0.05	0.01	0.00	1.38	0.00	0.00	0.10	(0.10)	0.50
MSTBX	0.10	0.01	(1.54)	1.39	0.00	(0.14)	0.21	(0.21)	0.41
BXHCX	0.15	0.07	(0.77)	(3.79)	0.00	(0.24)	0.50	(0.13)	1.02
FULIX	0.06	0.01	(1.91)	1.55	0.00	(0.19)	0.11	(0.11)	0.55

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