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

  0.98KTCCX Deutsche Science AndPairCorr
  0.98KTCAX Deutsche Science AndPairCorr
  0.98KTCSX Deutsche Science AndPairCorr
  0.96SRMSX Deutsche Short TermPairCorr
  0.98KTRAX Deutsche Global IncomePairCorr
  0.87KTRCX Deutsche Global IncomePairCorr
  0.98KTRSX Deutsche Global IncomePairCorr
  0.87KTRZX Deutsche Global IncomePairCorr
  0.97SSDZX Deutsche Small CapPairCorr
  0.96SSDAX Deutsche Small CapPairCorr
  0.96SSDCX Deutsche Small CapPairCorr
  0.97SSDIX Deutsche Small CapPairCorr
  0.85SSDSX Deutsche Small CapPairCorr
  0.96SSLCX Deutsche Small CapPairCorr
  0.81KDHSX Deutsche Croci EquityPairCorr
  0.81KDHAX Deutsche Croci EquityPairCorr
  0.98SCDGX Deutsche E EquityPairCorr
  0.91SCEMX Deutsche EnhancedPairCorr
  0.93SCINX Deutsche Croci InterPairCorr
  0.98SCGSX Deutsche Capital GrowthPairCorr
  0.97SCQGX Deutsche Large CapPairCorr
  0.8SCSBX Deutsche E PlusPairCorr

Moving against Deutsche Mutual Fund

  0.49NOTCX Deutsche Strategic HighPairCorr
  0.42KCTCX Deutsche California TaxPairCorr
  0.41KCTAX Deutsche California TaxPairCorr
  0.4NOTAX Deutsche Strategic HighPairCorr
  0.4NOTIX Deutsche Strategic HighPairCorr
  0.32SCMBX Deutsche Managed MunPairCorr

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.