Deutsche Global Correlations

TOLZX Fund

USD 16.82 0.11 0.66%

The current 90-days correlation between Deutsche Global Infr and Health Care Ultrasector is -0.01 (i.e., Good diversification). The correlation of Deutsche Global 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 Global Correlation With Market

Average diversification

The correlation between Deutsche Global Infrastructure and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Global Infrastructure 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 Global Infrastructure. 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

0.75	GLIFX	Lazard Global Listed	Pair Corr
0.93	GLFOX	Lazard Global Listed	Pair Corr
0.9	VCRCX	Mainstay Cbre Global	Pair Corr
1.0	TOLSX	Deutsche Global Infr	Pair Corr
0.91	VCRAX	Voya Cbre Global	Pair Corr
0.91	VCRIX	Voya Cbre Global	Pair Corr
1.0	TOLLX	Deutsche Global Infr	Pair Corr
1.0	TOLIX	Deutsche Global Infr	Pair Corr

Moving against Deutsche Mutual Fund

0.43	VTSAX	Vanguard Total Stock	Pair Corr
0.43	VFIAX	Vanguard 500 Index	Pair Corr
0.43	VTSMX	Vanguard Total Stock	Pair Corr
0.43	VSMPX	Vanguard Total Stock	Pair Corr
0.43	VSTSX	Vanguard Total Stock	Pair Corr
0.43	VITSX	Vanguard Total Stock	Pair Corr
0.43	VFINX	Vanguard 500 Index	Pair Corr
0.43	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	HCPIX	ETAHX	PJHRX	SCHLX	XXGRX	BHSRX	HHCZX
HCPIX		0.81	0.91	0.99	0.94	0.97	0.59	HCPIX
ETAHX	0.81		0.97	0.88	0.82	0.92	0.88	ETAHX
PJHRX	0.91	0.97		0.96	0.89	0.98	0.82	PJHRX
SCHLX	0.99	0.88	0.96		0.94	0.99	0.71	SCHLX
XXGRX	0.94	0.82	0.89	0.94		0.94	0.69	XXGRX
BHSRX	0.97	0.92	0.98	0.99	0.94		0.75	BHSRX
HHCZX	0.59	0.88	0.82	0.71	0.69	0.75		HHCZX
	HCPIX	ETAHX	PJHRX	SCHLX	XXGRX	BHSRX	HHCZX

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Global 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 Global'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HCPIX	1.36	(0.01)	(0.13)	2.11	(3.22)	10.64
ETAHX	1.60	(0.02)	(0.14)	2.41	(3.54)	11.31
PJHRX	1.16	(0.04)	(0.17)	1.86	(2.70)	7.82
SCHLX	0.93	(0.01)	(0.13)	1.73	(1.93)	7.72
XXGRX	0.98	0.01	(0.10)	1.49	(1.83)	6.90
BHSRX	0.90	(0.01)	(0.13)	1.53	(1.73)	7.42
HHCZX	0.25	0.00	(0.11)	0.43	(0.43)	1.99

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