Deutsche Real Correlations

AAAPX Fund  USD 11.34  0.06  0.53%   
The current 90-days correlation between Deutsche Real Assets and Capital Income Builder is 0.87 (i.e., Very poor diversification). The correlation of Deutsche Real 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 Real Correlation With Market

Very poor diversification

The correlation between Deutsche Real Assets and NYA 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 Real Assets and NYA in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Deutsche Real Assets. 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 american community survey.

Moving together with Deutsche Mutual Fund

  0.74KTRAX Deutsche Global IncomePairCorr
  0.74KTRCX Deutsche Global IncomePairCorr
  0.74KTRIX Deutsche Global IncomePairCorr
  0.74KTRSX Deutsche Global IncomePairCorr
  0.74KTRZX Deutsche Global IncomePairCorr
  0.76SSDZX Deutsche Small CapPairCorr
  0.75SSDAX Deutsche Small CapPairCorr
  0.74SSDCX Deutsche Small CapPairCorr
  0.75SSDIX Deutsche Small CapPairCorr
  0.75SSDSX Deutsche Small CapPairCorr
  0.77SSLCX Deutsche Small CapPairCorr
  0.64SCDGX Deutsche E EquityPairCorr
  0.76SCEMX Deutsche EnhancedPairCorr
  0.88SCINX Deutsche Croci InterPairCorr
  0.68SCHLX Deutsche Health AndPairCorr
  0.86SCOBX Deutsche Global GrowthPairCorr
  0.62SCPIX Deutsche Sp 500PairCorr
  0.63SCSBX Deutsche E PlusPairCorr
  0.88SUIAX Deutsche Croci InterPairCorr
  0.87SUICX Deutsche Croci InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Deutsche Mutual Fund performing well and Deutsche Real 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 Real'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.