Federated Kaufmann Correlations

FKALX Fund

USD 51.77 0.72 1.37%

The current 90-days correlation between Federated Kaufmann Small and Federated Global Allocation is 0.7 (i.e., Poor diversification). The correlation of Federated Kaufmann 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 Kaufmann Correlation With Market

Poor diversification

The correlation between Federated Kaufmann Small and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Kaufmann Small 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 Kaufmann Small. 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 bureau of economic analysis.

Moving together with Federated Mutual Fund

0.86	QKACX	Federated Mdt All	Pair Corr
0.81	QKBGX	Federated Mdt Balanced	Pair Corr
0.62	SBFIX	Federated Global All	Pair Corr
0.75	FRSAX	Federated Floating Rate	Pair Corr
0.67	FSBCX	Federated Global All	Pair Corr
0.68	FSBKX	Federated Global All	Pair Corr
0.7	FSBLX	Federated Global All	Pair Corr
0.87	QLSGX	Federated Mdt Small Potential Growth	Pair Corr
0.87	QLSCX	Federated Mdt Small	Pair Corr
0.89	FSTKX	Federated Mdt Large	Pair Corr
0.89	FSTLX	Federated Mdt Large	Pair Corr
0.89	FSTRX	Federated Mdt Large	Pair Corr
0.61	FSTBX	Federated Global All	Pair Corr
0.63	SVALX	Federated Strategic Value	Pair Corr
0.63	SVAAX	Federated Strategic Value	Pair Corr
0.64	SVACX	Federated Strategic Value	Pair Corr

Moving against Federated Mutual Fund

0.49	INISX	Federated Intermediate	Pair Corr
0.46	FSGVX	Federated U S	Pair Corr
0.44	FSGIX	Federated Gov Sec	Pair Corr
0.58	FTIIX	Federated Global Total	Pair Corr
0.55	FTGSX	Federated Total Return	Pair Corr
0.53	FCBRX	Federated Hermes	Pair Corr
0.52	RRFCX	Federated Real Return	Pair Corr
0.51	RRFAX	Federated Real Return	Pair Corr
0.51	FTRGX	Federated Total Return	Pair Corr
0.51	FUSCX	Federated Fund For	Pair Corr
0.5	FTGLX	Federated Total Return	Pair Corr
0.49	FTRBX	Federated Total Return	Pair Corr
0.49	FTRFX	Federated Total Return	Pair Corr
0.49	FTRKX	Federated Total Return	Pair Corr
0.45	FTRLX	Federated Total Return	Pair Corr

Related Correlations Analysis

	FSBKX	FTRKX	FMXKX	FIGKX	QKACX
FSBKX		-0.06	0.66	-0.11	0.72	FSBKX
FTRKX	-0.06		-0.57	0.99	-0.68	FTRKX
FMXKX	0.66	-0.57		-0.62	0.86	FMXKX
FIGKX	-0.11	0.99	-0.62		-0.72	FIGKX
QKACX	0.72	-0.68	0.86	-0.72		QKACX
	FSBKX	FTRKX	FMXKX	FIGKX	QKACX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FIGKX	+ 0.99	FTRKX
QKACX	+ 0.86	FMXKX
QKACX	+ 0.72	FSBKX
FMXKX	+ 0.66	FSBKX

High negative correlations

QKACX	- 0.72	FIGKX
QKACX	- 0.68	FTRKX
FIGKX	- 0.62	FMXKX
FMXKX	- 0.57	FTRKX
FIGKX	- 0.11	FSBKX
FTRKX	- 0.06	FSBKX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Kaufmann 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 Kaufmann'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
FSBKX	0.34	0.00	(0.13)	0.09	0.31	(0.36)	0.73	(0.63)	2.13
FTRKX	0.21	(0.05)	0.00	3.27	0.00	0.00	0.42	(0.53)	1.26
FMXKX	0.66	(0.13)	0.00	(0.04)	0.00	0.00	0.99	(0.98)	3.86
FIGKX	0.17	(0.04)	0.00	1.13	0.00	0.00	0.31	(0.31)	0.92
QKACX	0.51	0.10	0.12	0.23	0.29	(0.57)	1.22	(0.96)	3.98

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