Federated Mdt Correlations

Mutual Funds . USA . 
Fund . Federated Mdt Large
FMSTX Fund  USD 31.36  0.10  0.32%   
The current 90-days correlation between Federated Mdt Large and Federated Mdt Large is 1.0 (i.e., No risk reduction). 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 Large and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt Large 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 Large. 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 estimate.

Moving together with Federated Mutual Fund

  0.73QKACX Federated Mdt AllPairCorr
  0.93QKBGX Federated Mdt BalancedPairCorr
  0.93SBFIX Federated Global AllPairCorr
  0.92FSBCX Federated Global AllPairCorr
  0.93FSBKX Federated Global AllPairCorr
  0.93FSBLX Federated Global AllPairCorr
  1.0FSTKX Federated Mdt LargePairCorr
  1.0FSTLX Federated Mdt LargePairCorr
  1.0FSTRX Federated Mdt LargePairCorr
  0.93FSTBX Federated Global AllPairCorr
  0.62PIGDX Pnc International GrowthPairCorr
  0.61SVALX Federated Strategic ValuePairCorr
  0.61SVAAX Federated Strategic ValuePairCorr
  0.61SVAIX Federated Strategic ValuePairCorr
  0.63SVACX Federated Strategic ValuePairCorr

Moving against Federated Mutual Fund

  0.47BEARX Federated Prudent BearPairCorr

Related Correlations Analysis

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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   
FMCRX
+ 0.95
KLCIX
FMCRX
+ 0.53
NWJFX
NWJFX
+ 0.52
KLCIX
FMCRX
+ 0.49
FSTRX
KLCIX
+ 0.46
FSTRX
FTRBX
+ 0.27
FSTRX
  
High negative correlations   
FTRBX
- 0.63
KLCIX
FMCRX
- 0.62
FTRBX
NWJFX
- 0.26
FTRBX

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.

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