Federated Total Correlations

FTGSX Fund

USD 9.40 0.01 0.11%

The current 90-days correlation between Federated Total Return and Mesirow Financial Small is 0.22 (i.e., Modest diversification). The correlation of Federated Total 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 Total Correlation With Market

Significant diversification

The correlation between Federated Total Return and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Total Return 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 Total Return. 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

0.77	FRIEX	Federated Hermes Emerging	Pair Corr
0.91	STFSX	Federated Strategic	Pair Corr
0.92	STISX	Federated Strategic	Pair Corr
0.94	FSGVX	Federated U S	Pair Corr
0.91	FSHIX	Federated Short-intermedia	Pair Corr
0.94	FSGIX	Federated Gov Sec	Pair Corr
0.95	FSILX	Federated Short Term	Pair Corr
0.94	FSTIX	Federated Short Term	Pair Corr
0.76	PIEFX	Pnc Emerging Markets	Pair Corr
0.71	PIGDX	Pnc International Growth	Pair Corr
0.86	SVALX	Federated Strategic Value	Pair Corr
0.86	SVAAX	Federated Strategic Value	Pair Corr
0.86	SVAIX	Federated Strategic Value	Pair Corr
0.97	RRFAX	Federated Real Return	Pair Corr
1.0	FTRBX	Federated Total Return	Pair Corr
1.0	FTRGX	Federated Total Return	Pair Corr
1.0	FTRLX	Federated Total Return	Pair Corr
0.98	FCSPX	Federated Porate Bond	Pair Corr
0.89	FULAX	Federated Ultrashort Bond	Pair Corr
0.87	FULBX	Federated Ultrashort Bond	Pair Corr
0.89	FULLX	Federated Hermes Ult	Pair Corr
0.98	FDBIX	Federated Bond	Pair Corr
0.99	FUSCX	Federated Fund For	Pair Corr
0.99	FUSGX	Federated Fund For	Pair Corr
0.89	FEUSX	Federated Government	Pair Corr
0.97	FGCSX	Federated Short Inte	Pair Corr
1.0	FGFIX	Federated Mortgage	Pair Corr

Moving against Federated Mutual Fund

0.77	QLSGX	Federated Mdt Small	Pair Corr
0.77	QASGX	Federated Mdt Small	Pair Corr
0.71	FHUMX	Federated Hermes Smid	Pair Corr
0.68	FHEQX	Federated Hermes Sdg	Pair Corr
0.68	KLCAX	Federated Kaufmann Large	Pair Corr
0.62	QALGX	Federated Mdt Large	Pair Corr
0.61	VSFIX	Federated Clover Small	Pair Corr
0.59	FGSAX	Federated Mdt Mid	Pair Corr
0.59	FGSKX	Federated Mdt Mid	Pair Corr
0.57	VSFSX	Federated Clover Small	Pair Corr

Related Correlations Analysis

	MSVIX	DVFYX	MCBXX	PSSRX	FTIXX	SBFAX	PGFMX
MSVIX		0.34	0.0	0.82	0.0	0.56	0.19	MSVIX
DVFYX	0.34		0.0	0.7	0.0	0.94	0.81	DVFYX
MCBXX	0.0	0.0		0.0	0.0	0.0	0.0	MCBXX
PSSRX	0.82	0.7	0.0		0.0	0.85	0.59	PSSRX
FTIXX	0.0	0.0	0.0	0.0		0.0	0.0	FTIXX
SBFAX	0.56	0.94	0.0	0.85	0.0		0.74	SBFAX
PGFMX	0.19	0.81	0.0	0.59	0.0	0.74		PGFMX
	MSVIX	DVFYX	MCBXX	PSSRX	FTIXX	SBFAX	PGFMX

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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

SBFAX	+ 0.94	DVFYX
SBFAX	+ 0.85	PSSRX
PSSRX	+ 0.82	MSVIX
PGFMX	+ 0.81	DVFYX
PGFMX	+ 0.74	SBFAX
PSSRX	+ 0.7	DVFYX

High negative correlations

PGFMX	- 0.0	FTIXX
SBFAX	- 0.0	FTIXX
FTIXX	- 0.0	PSSRX
PGFMX	- 0.0	MCBXX
SBFAX	- 0.0	MCBXX
FTIXX	- 0.0	MCBXX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Total 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 Total'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
MSVIX	0.99	(0.18)	0.00	(0.22)	0.00	0.00	1.60	(2.19)	10.85
DVFYX	0.85	0.07	0.05	0.03	1.27	(0.82)	1.65	(2.39)	6.47
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PSSRX	1.00	(0.10)	0.00	(0.13)	0.00	0.00	1.85	(3.18)	6.03
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBFAX	0.79	0.01	0.00	(0.02)	0.00	0.00	1.69	(1.92)	5.22
PGFMX	0.39	(0.03)	0.00	0.16	0.00	0.00	0.85	(0.86)	2.21

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