Federated Mdt Correlations

FSTKX Fund

USD 31.41 0.10 0.32%

The current 90-days correlation between Federated Mdt Large and Federated Max Cap Index is 0.85 (i.e., Very 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 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 industry.

Moving together with Federated Mutual Fund

0.73	QKACX	Federated Mdt All	Pair Corr
0.93	QKBGX	Federated Mdt Balanced	Pair Corr
0.93	SBFIX	Federated Global All	Pair Corr
0.93	FSBCX	Federated Global All	Pair Corr
0.93	FSBKX	Federated Global All	Pair Corr
0.93	FSBLX	Federated Global All	Pair Corr
1.0	FSTLX	Federated Mdt Large	Pair Corr
1.0	FSTRX	Federated Mdt Large	Pair Corr
0.93	FSTBX	Federated Global All	Pair Corr
0.62	PIGDX	Pnc International Growth	Pair Corr
0.61	SVALX	Federated Strategic Value	Pair Corr
0.61	SVAAX	Federated Strategic Value	Pair Corr
0.61	SVAIX	Federated Strategic Value	Pair Corr
0.62	SVACX	Federated Strategic Value	Pair Corr

Moving against Federated Mutual Fund

0.47

BEARX

Federated Prudent Bear

Pair Corr

Related Correlations Analysis

	FMXSX	FGSAX	FISPX	FSTBX	HSTAX
FMXSX		0.96	1.0	0.77	0.55	FMXSX
FGSAX	0.96		0.96	0.71	0.42	FGSAX
FISPX	1.0	0.96		0.78	0.55	FISPX
FSTBX	0.77	0.71	0.78		0.8	FSTBX
HSTAX	0.55	0.42	0.55	0.8		HSTAX
	FMXSX	FGSAX	FISPX	FSTBX	HSTAX

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Backtest Portfolio

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FMXSX	0.81	(0.05)	(0.12)	1.22	(1.74)	4.59
FGSAX	1.15	(0.07)	(0.13)	1.94	(2.80)	5.96
FISPX	0.81	(0.05)	(0.12)	1.28	(1.76)	4.52
FSTBX	0.47	(0.01)	(0.08)	0.92	(1.07)	2.87
HSTAX	0.60	(0.01)	(0.09)	0.95	(1.44)	3.58

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