Deutsche Core Correlations

Mutual Funds USA . 
Fund . Deutsche E Plus
SCSBX Fund  USD 9.34  0.02  0.21%   
The current 90-days correlation between Deutsche E Plus and Dunham High Yield is 0.05 (i.e., Significant diversification). The correlation of Deutsche Core 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 Core Correlation With Market

Weak diversification

The correlation between Deutsche E Plus and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche E Plus 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 E Plus. 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 bureau of labor statistics.

Moving together with Deutsche Mutual Fund

  0.87GCGGX Deutsche GnmaPairCorr
  0.85SRMAX Deutsche Short TermPairCorr
  0.83SRMCX Deutsche Short TermPairCorr
  0.77KTCCX Deutsche Science AndPairCorr
  0.77KTCAX Deutsche Science AndPairCorr
  0.77KTCIX Deutsche Science AndPairCorr
  0.78KTCSX Deutsche Science AndPairCorr
  0.84SRMSX Deutsche Short TermPairCorr
  0.77KTRAX Deutsche Global IncomePairCorr
  0.79KTRCX Deutsche Global IncomePairCorr
  0.79KTRIX Deutsche Global IncomePairCorr
  0.79KTRSX Deutsche Global IncomePairCorr
  0.79KTRZX Deutsche Global IncomePairCorr
  0.79SSDZX Deutsche Small CapPairCorr
  0.76SSDAX Deutsche Small CapPairCorr
  0.78SSDCX Deutsche Small CapPairCorr
  0.79SSDIX Deutsche Small CapPairCorr
  0.78SSDSX Deutsche Small CapPairCorr
  0.8SSLCX Deutsche Small CapPairCorr
  0.64KDHCX Deutsche Croci EquityPairCorr
  0.61KDHAX Deutsche Croci EquityPairCorr
  0.66KDHIX Deutsche Croci EquityPairCorr
  0.8SCDGX Deutsche E EquityPairCorr
  0.87SCEMX Deutsche EnhancedPairCorr
  0.8SCINX Deutsche Croci InterPairCorr
  0.76SCGSX Deutsche Capital GrowthPairCorr
  0.7SCMTX Deutsche IntermediatePairCorr
  0.72SCOBX Deutsche Global GrowthPairCorr
  0.74SCQGX Deutsche Large CapPairCorr
  0.79SCPIX 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 Core 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 Core'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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