Deutsche Small Correlations

Mutual Funds . USA . 
Fund . Deutsche Small Cap
SSDSX Fund  USD 34.96  0.26  0.74%   
The current 90-days correlation between Deutsche Small Cap and Deutsche Gnma Fund is 0.14 (i.e., Average diversification). The correlation of Deutsche Small 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 Small Correlation With Market

Very poor diversification

The correlation between Deutsche Small Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Small Cap 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 Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Deutsche Mutual Fund

  0.67SRMAX Deutsche Short TermPairCorr
  0.69SRMCX Deutsche Short TermPairCorr
  0.67KTCCX Deutsche Science AndPairCorr
  0.75KTCAX Deutsche Science AndPairCorr
  0.67KTCIX Deutsche Science AndPairCorr
  0.75KTCSX Deutsche Science AndPairCorr
  0.94SRMSX Deutsche Short TermPairCorr
  0.68KTRAX Deutsche Global IncomePairCorr
  0.97KTRCX Deutsche Global IncomePairCorr
  0.98KTRIX Deutsche Global IncomePairCorr
  0.96KTRSX Deutsche Global IncomePairCorr
  0.96KTRZX Deutsche Global IncomePairCorr
  0.97SSDZX Deutsche Small CapPairCorr
  0.97SSDAX Deutsche Small CapPairCorr
  1.0SSDCX Deutsche Small CapPairCorr
  1.0SSDIX Deutsche Small CapPairCorr
  0.99SSLCX Deutsche Small CapPairCorr
  0.91KDHSX Deutsche Croci EquityPairCorr
  0.9KDHCX Deutsche Croci EquityPairCorr
  0.87KDHAX Deutsche Croci EquityPairCorr
  0.91KDHIX Deutsche Croci EquityPairCorr
  0.99SCDGX Deutsche E EquityPairCorr
  0.97SCEMX Deutsche EnhancedPairCorr
  0.92SCINX Deutsche Croci InterPairCorr
  0.98SCGSX Deutsche Capital GrowthPairCorr
  0.69SCMAX Deutsche MassachusettsPairCorr
  0.86SCMTX Deutsche IntermediatePairCorr
  0.95SCOBX Deutsche Global GrowthPairCorr
  0.98SCQGX Deutsche Large CapPairCorr
  0.74SCPIX Deutsche Sp 500PairCorr
  0.79SCSBX Deutsche E PlusPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Small 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 Small'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  0.27  0.02 (0.31) 0.37  0.24 
(0.30)
 0.52 
(0.44)
 1.48 
SRMAX  0.06  0.02 (1.00) 0.89  0.00 
(0.13)
 0.10 
(0.10)
 0.41 
SRMCX  0.05  0.01 (1.04) 0.78  0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.85  0.37  0.50  0.60  0.00 
(1.13)
 2.37 
(1.01)
 6.17 
KTCAX  0.83  0.46  0.50  6.80  0.00 
(1.10)
 2.37 
(1.02)
 6.07 
KTCIX  0.85  0.38  0.53  0.61  0.00 
(1.13)
 2.38 
(1.04)
 6.06 
KTCSX  0.85  0.47  0.50  8.29  0.00 
(1.14)
 2.40 
(1.03)
 6.08 
SRMSX  0.06  0.02 (0.81)(2.05) 0.00 
(0.13)
 0.20 
(0.10)
 0.41 
KTRAX  0.32  0.16  0.08  3.60  0.00 
(0.43)
 1.03 
(0.44)
 1.94 
KTRCX  0.32  0.10  0.03  0.42  0.00 
(0.42)
 1.03 
(0.55)
 1.94 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY