Deutsche Multi-asset Correlations

SPDAX Fund

USD 13.40 0.02 0.15%

The current 90-days correlation between Deutsche Multi Asset and Ambrus Core Bond is -0.04 (i.e., Good 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

Poor diversification

The correlation between Deutsche Multi Asset Servative and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Multi Asset Servative 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 Multi Asset Servative. 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 nation.

Moving together with Deutsche Mutual Fund

0.98	KTCCX	Deutsche Science And	Pair Corr
0.98	KTCAX	Deutsche Science And	Pair Corr
0.98	KTCSX	Deutsche Science And	Pair Corr
0.96	SRMSX	Deutsche Short Term	Pair Corr
0.98	KTRAX	Deutsche Global Income	Pair Corr
0.87	KTRCX	Deutsche Global Income	Pair Corr
0.98	KTRSX	Deutsche Global Income	Pair Corr
0.87	KTRZX	Deutsche Global Income	Pair Corr
0.97	SSDZX	Deutsche Small Cap	Pair Corr
0.96	SSDAX	Deutsche Small Cap	Pair Corr
0.96	SSDCX	Deutsche Small Cap	Pair Corr
0.97	SSDIX	Deutsche Small Cap	Pair Corr
0.85	SSDSX	Deutsche Small Cap	Pair Corr
0.96	SSLCX	Deutsche Small Cap	Pair Corr
0.81	KDHSX	Deutsche Croci Equity	Pair Corr
0.81	KDHAX	Deutsche Croci Equity	Pair Corr
0.98	SCDGX	Deutsche E Equity	Pair Corr
0.91	SCEMX	Deutsche Enhanced	Pair Corr
0.93	SCINX	Deutsche Croci Inter	Pair Corr
0.98	SCGSX	Deutsche Capital Growth	Pair Corr
0.97	SCQGX	Deutsche Large Cap	Pair Corr
0.8	SCSBX	Deutsche E Plus	Pair Corr

Moving against Deutsche Mutual Fund

0.49	NOTCX	Deutsche Strategic High	Pair Corr
0.42	KCTCX	Deutsche California Tax	Pair Corr
0.41	KCTAX	Deutsche California Tax	Pair Corr
0.4	NOTAX	Deutsche Strategic High	Pair Corr
0.4	NOTIX	Deutsche Strategic High	Pair Corr
0.32	SCMBX	Deutsche Managed Mun	Pair Corr

Related Correlations Analysis

	TTRBX	ARTFX	PRSAX	PRVBX	OWCAX	CFNLX	BXHCX
TTRBX		0.94	0.83	0.9	0.98	0.91	0.96	TTRBX
ARTFX	0.94		0.71	0.79	0.96	0.91	0.99	ARTFX
PRSAX	0.83	0.71		0.84	0.79	0.72	0.74	PRSAX
PRVBX	0.9	0.79	0.84		0.87	0.73	0.82	PRVBX
OWCAX	0.98	0.96	0.79	0.87		0.95	0.97	OWCAX
CFNLX	0.91	0.91	0.72	0.73	0.95		0.92	CFNLX
BXHCX	0.96	0.99	0.74	0.82	0.97	0.92		BXHCX
	TTRBX	ARTFX	PRSAX	PRVBX	OWCAX	CFNLX	BXHCX

Click cells to compare fundamentals

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TTRBX	0.15	0.03	(0.86)	2.46	(0.21)	0.40	(0.20)	0.82
ARTFX	0.14	0.07	(0.94)	(17.33)	(0.23)	0.56	(0.11)	0.90
PRSAX	0.14	0.01	(0.87)	0.40	(0.19)	0.40	(0.30)	0.81
PRVBX	0.09	0.02	(1.18)	14.11	(0.10)	0.20	(0.17)	0.63
OWCAX	0.08	0.02	(1.45)	0.74	(0.12)	0.21	(0.11)	0.53
CFNLX	0.11	0.01	(1.20)	0.62	(0.15)	0.28	(0.22)	0.82
BXHCX	0.15	0.07	(0.79)	5.15	(0.24)	0.50	(0.13)	1.02

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