Deutsche Enhanced Correlations

Mutual Funds . USA . 
Fund . Deutsche Enhanced Emerging
SCEMX Fund  USD 7.42  0.02  0.27%   
The current 90-days correlation between Deutsche Enhanced and Deutsche Gnma Fund is 0.36 (i.e., Weak diversification). The correlation of Deutsche Enhanced 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 Enhanced Correlation With Market

Very weak diversification

The correlation between Deutsche Enhanced Emerging and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Enhanced Emerging and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Deutsche Enhanced Emerging. 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 population.

Moving together with Deutsche Mutual Fund

  0.67GCGGX Deutsche GnmaPairCorr
  0.97SRMAX Deutsche Short TermPairCorr
  0.97SRMCX Deutsche Short TermPairCorr
  0.97KTCCX Deutsche Science AndPairCorr
  0.97KTCAX Deutsche Science AndPairCorr
  0.97KTCIX Deutsche Science AndPairCorr
  0.97KTCSX Deutsche Science AndPairCorr
  0.97SRMSX Deutsche Short TermPairCorr
  0.97KTRAX Deutsche Global IncomePairCorr
  0.97KTRCX Deutsche Global IncomePairCorr
  0.97KTRIX Deutsche Global IncomePairCorr
  0.97KTRSX Deutsche Global IncomePairCorr
  0.97KTRZX Deutsche Global IncomePairCorr
  0.97SSDZX Deutsche Small CapPairCorr
  0.97SSDAX Deutsche Small CapPairCorr
  0.97SSDCX Deutsche Small CapPairCorr
  0.97SSDIX Deutsche Small CapPairCorr
  0.97SSDSX Deutsche Small CapPairCorr
  0.96SSLCX Deutsche Small CapPairCorr
  0.85KDHSX Deutsche Croci EquityPairCorr
  0.83KDHCX Deutsche Croci EquityPairCorr
  0.85KDHAX Deutsche Croci EquityPairCorr
  0.85KDHIX Deutsche Croci EquityPairCorr
  0.97SCDGX Deutsche E EquityPairCorr
  0.94SCINX Deutsche Croci InterPairCorr
  0.96SCGSX Deutsche Capital GrowthPairCorr
  0.64SCMAX Deutsche MassachusettsPairCorr
  0.85SCMTX Deutsche IntermediatePairCorr
  0.93SCOBX Deutsche Global GrowthPairCorr
  0.96SCQGX Deutsche Large CapPairCorr
  0.97SCPIX Deutsche Sp 500PairCorr
  0.87SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Enhanced 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 Enhanced'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  0.00 (0.32) 0.10  0.30 
(0.30)
 0.52 
(0.52)
 1.48 
SRMAX  0.06  0.01 (0.87) 0.88  0.00 
(0.13)
 0.10 
(0.10)
 0.41 
SRMCX  0.06  0.01 (0.89) 0.79  0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.90  0.22  0.22  0.34  0.60 
(1.13)
 2.37 
(1.31)
 6.17 
KTCAX  0.89  0.22  0.22  0.35  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  0.01 (0.87) 0.77  0.00 
(0.13)
 0.20 
(0.10)
 0.41 
KTRAX  0.33  0.10  0.04  0.42  0.00 
(0.43)
 1.03 
(0.45)
 1.94 
KTRCX  0.32  0.10  0.03  0.42  0.00 
(0.42)
 1.03 
(0.55)
 1.94 

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