Deutsche Small Correlations

Mutual Funds . USA . 
Fund . Deutsche Small Cap
SSDZX Fund  USD 33.74  0.24  0.72%   
The current 90-days correlation between Deutsche Small Cap and Deutsche Gnma Fund is 0.06 (i.e., Significant 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 0.84 (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 signals in nation.

Moving together with Deutsche Mutual Fund

  0.94SRMAX Deutsche Short TermPairCorr
  0.95SRMCX Deutsche Short TermPairCorr
  0.96KTCCX Deutsche Science AndPairCorr
  0.96KTCAX Deutsche Science AndPairCorr
  0.98KTCIX Deutsche Science AndPairCorr
  0.98KTCSX Deutsche Science AndPairCorr
  0.96KTRAX Deutsche Global IncomePairCorr
  0.97KTRCX Deutsche Global IncomePairCorr
  0.97KTRIX Deutsche Global IncomePairCorr
  0.97KTRSX Deutsche Global IncomePairCorr
  0.97KTRZX Deutsche Global IncomePairCorr
  0.97SSDAX Deutsche Small CapPairCorr
  1.0SSDCX Deutsche Small CapPairCorr
  1.0SSDIX Deutsche Small CapPairCorr
  0.97SSDSX Deutsche Small CapPairCorr
  0.96SSLCX Deutsche Small CapPairCorr
  0.9KDHSX Deutsche Croci EquityPairCorr
  0.89KDHCX Deutsche Croci EquityPairCorr
  0.9KDHAX Deutsche Croci EquityPairCorr
  0.9KDHIX Deutsche Croci EquityPairCorr
  0.99SCDGX Deutsche E EquityPairCorr
  0.96SCEMX Deutsche EnhancedPairCorr
  0.91SCINX Deutsche Croci InterPairCorr
  0.96SCGSX Deutsche Capital GrowthPairCorr
  0.61SCMAX Deutsche MassachusettsPairCorr
  0.87SCMTX Deutsche IntermediatePairCorr
  0.96SCOBX Deutsche Global GrowthPairCorr
  0.98SCQGX Deutsche Large CapPairCorr
  0.99SCPIX Deutsche Sp 500PairCorr
  0.79SCSBX Deutsche E PlusPairCorr
  0.91SUIIX Deutsche Croci InterPairCorr

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  0.28  0.01 (0.42) 0.44  0.29 
(0.30)
 0.52 
(0.52)
 1.48 
SRMAX  0.06  0.02 (1.15)(7.11) 0.00 
(0.13)
 0.10 
(0.10)
 0.41 
SRMCX  0.06  0.01 (1.18)(3.08) 0.00 
(0.12)
 0.10 
(0.10)
 0.41 
KTCCX  0.90  0.37  0.19 (4.34) 0.60 
(1.11)
 2.37 
(1.31)
 6.17 
KTCAX  0.89  0.38  0.19 (4.59) 0.59 
(1.08)
 2.37 
(1.31)
 6.07 
KTCIX  0.87  0.23  0.26  0.40  0.31 
(1.11)
 2.38 
(1.12)
 6.06 
KTCSX  0.87  0.23  0.26  0.40  0.31 
(1.11)
 2.40 
(1.14)
 6.08 
SRMSX  0.06  0.01 (1.39) 1.16  0.00 
(0.14)
 0.20 
(0.10)
 0.41 
KTRAX  0.33  0.15 (0.07)(3.06) 0.00 
(0.43)
 1.03 
(0.45)
 1.94 
KTRCX  0.32  0.08 (0.08) 0.41  0.00 
(0.42)
 1.03 
(0.55)
 1.94 

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