Deutsche Multi-asset Correlations

Mutual Funds . USA . 
Fund . Deutsche Multi Asset Moderate
PPLSX Fund  USD 7.10  0.01  0.14%   
The current 90-days correlation between Deutsche Multi Asset and Rbc Emerging Markets is 0.86 (i.e., Very poor 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

Almost no diversification

The correlation between Deutsche Multi Asset Moderate and DJI is 0.95 (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 state.

Moving together with Deutsche Mutual Fund

  0.92KTCCX Deutsche Science AndPairCorr
  0.92KTCAX Deutsche Science AndPairCorr
  0.92KTCIX Deutsche Science AndPairCorr
  0.92KTCSX Deutsche Science AndPairCorr
  0.98KTRAX Deutsche Global IncomePairCorr
  0.98KTRCX Deutsche Global IncomePairCorr
  0.98KTRIX Deutsche Global IncomePairCorr
  0.71NOTCX Deutsche Strategic HighPairCorr
  0.71NOTAX Deutsche Strategic HighPairCorr
  0.63NOTIX Deutsche Strategic HighPairCorr
  0.94KTRSX Deutsche Global IncomePairCorr
  0.94KTRZX Deutsche Global IncomePairCorr
  0.91SSDZX Deutsche Small CapPairCorr
  0.85SSDAX Deutsche Small CapPairCorr
  0.85SSDCX Deutsche Small CapPairCorr
  0.85SSDIX Deutsche Small CapPairCorr
  0.85SSDSX Deutsche Small CapPairCorr
  0.91SSLCX Deutsche Small CapPairCorr
  0.63KCTCX Deutsche California TaxPairCorr
  0.71KCTAX Deutsche California TaxPairCorr
  0.76KDHSX Deutsche Croci EquityPairCorr
  0.84KDHCX Deutsche Croci EquityPairCorr
  0.84KDHAX Deutsche Croci EquityPairCorr
  0.84KDHIX Deutsche Croci EquityPairCorr
  0.86SCDGX Deutsche E EquityPairCorr
  0.85SCEMX Deutsche EnhancedPairCorr
  0.84SCGSX Deutsche Capital GrowthPairCorr
  0.8SCHLX Deutsche Health AndPairCorr
  0.64SCMBX Deutsche Managed MunPairCorr
  0.63SCMTX Deutsche IntermediatePairCorr
  0.82SCOBX Deutsche Global GrowthPairCorr
  0.82SCQGX Deutsche Large CapPairCorr
  0.86SCPIX Deutsche Sp 500PairCorr

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.

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