Federated Mid-cap Correlations

Mutual Funds . USA . 
Fund . Federated Mid Cap Index
FMCLX Fund  USD 14.88  0.05  0.33%   
The current 90-days correlation between Federated Mid Cap and Dreyfus Smallcap Stock is 0.57 (i.e., Very weak diversification). The correlation of Federated Mid-cap 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 Mid-cap Correlation With Market

Good diversification

The correlation between Federated Mid Cap Index and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mid Cap Index 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 Mid Cap Index. 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

  0.89QKACX Federated Mdt AllPairCorr
  0.7QKBGX Federated Mdt BalancedPairCorr
  0.61FSBKX Federated Global AllPairCorr
  0.96QLSGX Federated Mdt SmallPairCorr
  0.98QLSCX Federated Mdt SmallPairCorr

Moving against Federated Mutual Fund

  0.69FSGVX Federated U SPairCorr
  0.49FRIEX Federated Hermes EmergingPairCorr
  0.49FSHIX Federated Short-intermediaPairCorr
  0.44EMDIX Federated Emerging MarketPairCorr
  0.4STIAX Federated StrategicPairCorr
  0.39STFSX Federated StrategicPairCorr
  0.39STILX Federated StrategicPairCorr
  0.37STISX Federated StrategicPairCorr
  0.69FSGIX Federated Gov SecPairCorr
  0.67FTGLX Federated Total ReturnPairCorr
  0.65FSILX Federated Short TermPairCorr
  0.64FSTIX Federated Short TermPairCorr
  0.64FSTYX Federated Short TermPairCorr
  0.64FTIAX Federated Short TermPairCorr
  0.63INISX Federated IntermediatePairCorr
  0.6FTGSX Federated Total ReturnPairCorr
  0.54FSHSX Federated Short-intermediaPairCorr
  0.41PIEFX Pnc Emerging MarketsPairCorr
  0.37SVALX Federated Strategic ValuePairCorr
  0.34SVAAX Federated Strategic ValuePairCorr
  0.67FCBRX Federated HermesPairCorr
  0.66FULBX Federated Ultrashort BondPairCorr
  0.66FULIX Federated Ultrashort BondPairCorr
  0.65FULAX Federated Ultrashort BondPairCorr
  0.64FTRFX Federated Total ReturnPairCorr
  0.64FTRKX Federated Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Mid-cap 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 Mid-cap'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.

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