Federated Total Correlations

Mutual Funds . USA . 
Fund . Federated Total Return
FTRLX Fund  USD 9.43  0.05  0.53%   
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 bureau of economic analysis.

Moving together with Federated Mutual Fund

  0.9EMDIX Federated Emerging MarketPairCorr
  0.78FRIEX Federated Hermes EmergingPairCorr
  0.93STFSX Federated StrategicPairCorr
  0.93STIAX Federated StrategicPairCorr
  0.93STILX Federated StrategicPairCorr
  0.93STISX Federated StrategicPairCorr
  0.65FRSAX Federated Floating RatePairCorr
  0.94FSGVX Federated U SPairCorr
  0.93FSHIX Federated Short-intermediaPairCorr
  0.94FSGIX Federated Gov SecPairCorr
  1.0INISX Federated IntermediatePairCorr
  0.9FSHSX Federated Short-intermediaPairCorr
  0.95FSILX Federated Short TermPairCorr
  0.95FSTIX Federated Short TermPairCorr
  0.95FSTYX Federated Short TermPairCorr
  0.77PIEFX Pnc Emerging MarketsPairCorr
  0.73PIGDX Pnc International GrowthPairCorr
  0.87SVALX Federated Strategic ValuePairCorr
  0.94FTIAX Federated Short TermPairCorr
  1.0FTGLX Federated Total ReturnPairCorr
  1.0FTGSX Federated Total ReturnPairCorr
  0.87SVAAX Federated Strategic ValuePairCorr
  0.88SVAIX Federated Strategic ValuePairCorr
  0.87SVACX Federated Strategic ValuePairCorr
  0.98RRFAX Federated Real ReturnPairCorr
  0.98RRFCX Federated Real ReturnPairCorr

Moving against Federated Mutual Fund

  0.74QLSGX Federated Mdt SmallPairCorr
  0.69QLSCX Federated Mdt SmallPairCorr
  0.33QKACX 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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