Federated Total Correlations

Mutual Funds . USA . 
Fund . Federated Total Return
FTRKX Fund  USD 9.43  0.05  0.53%   
The current 90-days correlation between Federated Total Return and Pnc International Equity is 0.18 (i.e., Average 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 0.08 (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 industry.

Moving together with Federated Mutual Fund

  0.89EMDIX Federated Emerging MarketPairCorr
  0.77FRIEX Federated Hermes EmergingPairCorr
  0.92STFSX Federated StrategicPairCorr
  0.92STIAX Federated StrategicPairCorr
  0.92STILX Federated StrategicPairCorr
  0.92STISX Federated StrategicPairCorr
  0.62FRSAX Federated Floating RatePairCorr
  0.93FSGVX Federated U SPairCorr
  0.92FSHIX Federated Short-intermediaPairCorr
  0.93FSGIX Federated Gov SecPairCorr
  0.99INISX Federated IntermediatePairCorr
  0.89FSHSX Federated Short-intermediaPairCorr
  0.94FSILX Federated Short TermPairCorr
  0.93FSTIX Federated Short TermPairCorr
  0.94FSTYX Federated Short TermPairCorr
  0.77PIEFX Pnc Emerging MarketsPairCorr
  0.72PIGDX Pnc International GrowthPairCorr
  0.86SVALX Federated Strategic ValuePairCorr
  0.93FTIAX Federated Short TermPairCorr
  1.0FTGLX Federated Total ReturnPairCorr
  1.0FTGSX Federated Total ReturnPairCorr
  0.86SVAAX Federated Strategic ValuePairCorr
  0.86SVAIX Federated Strategic ValuePairCorr
  0.86SVACX Federated Strategic ValuePairCorr
  0.97RRFAX Federated Real ReturnPairCorr
  0.97RRFCX Federated Real ReturnPairCorr

Moving against Federated Mutual Fund

  0.74QLSGX Federated Mdt SmallPairCorr
  0.69QLSCX Federated Mdt SmallPairCorr
  0.34QKACX Federated Mdt AllPairCorr

Related Correlations Analysis

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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.

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