Federated Mdt Correlations

FGSAX Fund

USD 54.86 0.28 0.51%

The current 90-days correlation between Federated Mdt Mid and Pnc Emerging Markets is 0.67 (i.e., Poor diversification). The correlation of Federated Mdt 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.

Federated Mdt Correlation With Market

Poor diversification

The correlation between Federated Mdt Mid Cap and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt Mid Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated Mdt Mid 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 Federated Mutual Fund

0.91	QKACX	Federated Mdt All	Pair Corr
0.81	QKBGX	Federated Mdt Balanced	Pair Corr
0.71	SBFIX	Federated Global All	Pair Corr
0.73	FSBCX	Federated Global All	Pair Corr
0.72	FSBKX	Federated Global All	Pair Corr
0.71	FSBLX	Federated Global All	Pair Corr
0.93	QLSGX	Federated Mdt Small	Pair Corr
0.96	QLSCX	Federated Mdt Small	Pair Corr
0.71	FSTBX	Federated Global All	Pair Corr

Moving against Federated Mutual Fund

0.61	FSGVX	Federated U S	Pair Corr
0.35	FSHIX	Federated Short-intermedia	Pair Corr
0.33	FRIEX	Federated Hermes Emerging	Pair Corr
0.61	FSGIX	Federated Gov Sec	Pair Corr
0.59	FTGLX	Federated Total Return	Pair Corr
0.59	FTGSX	Federated Total Return	Pair Corr
0.55	FSTIX	Federated Short Term	Pair Corr
0.54	INISX	Federated Intermediate	Pair Corr
0.54	FSILX	Federated Short Term	Pair Corr
0.54	FSTYX	Federated Short Term	Pair Corr
0.54	FTIAX	Federated Short Term	Pair Corr
0.35	FSHSX	Federated Short-intermedia	Pair Corr
0.32	PIEFX	Pnc Emerging Markets	Pair Corr
0.6	FCBRX	Federated Hermes	Pair Corr
0.59	FTRGX	Federated Total Return	Pair Corr
0.56	FTRKX	Federated Total Return	Pair Corr
0.55	FTRBX	Federated Total Return	Pair Corr
0.55	FTRFX	Federated Total Return	Pair Corr
0.55	FTRLX	Federated Total Return	Pair Corr

Related Correlations Analysis

	PIEFX	AMTOX	XEMDX	APDOX	TEOJX	QMNIX	FEMDX
PIEFX		0.71	0.5	0.76	0.99	0.81	0.82	PIEFX
AMTOX	0.71		0.59	0.88	0.67	0.73	0.86	AMTOX
XEMDX	0.5	0.59		0.48	0.44	0.35	0.61	XEMDX
APDOX	0.76	0.88	0.48		0.76	0.91	0.97	APDOX
TEOJX	0.99	0.67	0.44	0.76		0.84	0.81	TEOJX
QMNIX	0.81	0.73	0.35	0.91	0.84		0.91	QMNIX
FEMDX	0.82	0.86	0.61	0.97	0.81	0.91		FEMDX
	PIEFX	AMTOX	XEMDX	APDOX	TEOJX	QMNIX	FEMDX

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Mdt 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 Federated Mdt'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PIEFX	0.99	0.10	0.10	0.15	1.26	(0.99)	2.06	(2.04)	6.94
AMTOX	0.48	0.04	0.12	0.04	0.61	(0.55)	1.00	(1.10)	2.56
XEMDX	0.22	(0.02)	0.00	(0.45)	0.00	0.00	0.47	(0.47)	1.41
APDOX	0.16	0.03	0.33	0.92	0.10	(0.18)	0.30	(0.29)	1.07
TEOJX	0.78	0.10	0.14	0.19	0.92	(0.85)	1.54	(1.53)	5.83
QMNIX	0.30	0.15	0.54	0.91	0.00	(0.41)	0.68	(0.39)	1.97
FEMDX	0.15	0.02	0.42	0.29	0.00	(0.20)	0.42	(0.26)	1.11

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