Federated Max-cap Correlations

Mutual Funds . USA . 
Fund . Federated Max Cap Index
FMXSX Fund  USD 7.36  0.13  1.80%   
The current 90-days correlation between Federated Max Cap and Dfa Real Estate is -0.12 (i.e., Good diversification). The correlation of Federated Max-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 Max-cap Correlation With Market

Poor diversification

The correlation between Federated Max Cap Index and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Max 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 Max 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 state.

Moving together with Federated Mutual Fund

  0.96QKACX Federated Mdt AllPairCorr
  0.83QKBGX Federated Mdt BalancedPairCorr
  0.77SBFIX Federated Global AllPairCorr
  0.68FSBCX Federated Global AllPairCorr
  0.78FSBKX Federated Global AllPairCorr
  0.77FSBLX Federated Global AllPairCorr
  0.9QLSGX Federated Mdt SmallPairCorr
  0.93QLSCX Federated Mdt SmallPairCorr
  0.62FSTKX Federated Mdt LargePairCorr
  0.61FSTLX Federated Mdt LargePairCorr
  0.62FSTRX Federated Mdt LargePairCorr
  0.77FSTBX Federated Global AllPairCorr

Moving against Federated Mutual Fund

  0.6FSGVX Federated U SPairCorr
  0.32FSHIX Federated Short-intermediaPairCorr
  0.59FSGIX Federated Gov SecPairCorr
  0.54FSTIX Federated Short TermPairCorr
  0.54FTGLX Federated Total ReturnPairCorr
  0.54FTGSX Federated Total ReturnPairCorr
  0.53FSILX Federated Short TermPairCorr
  0.53FSTYX Federated Short TermPairCorr
  0.53FTIAX Federated Short TermPairCorr
  0.49INISX Federated IntermediatePairCorr
  0.37FSHSX Federated Short-intermediaPairCorr
  0.57FULBX Federated Ultrashort BondPairCorr
  0.55FULAX Federated Ultrashort BondPairCorr
  0.54FTRGX Federated Total ReturnPairCorr
  0.54FULIX Federated Ultrashort BondPairCorr
  0.53FCBRX Federated HermesPairCorr
  0.5FTRBX 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 Max-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 Max-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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