Federated Kaufmann Correlations

KAUAX Fund

USD 6.51 0.04 0.61%

The current 90-days correlation between Federated Kaufmann and Dreyfusstandish Global Fixed is 0.03 (i.e., Significant diversification). The correlation of Federated Kaufmann 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 Kaufmann Correlation With Market

Poor diversification

The correlation between Federated Kaufmann Fund and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Kaufmann Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Federated Kaufmann Fund. 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 nation.

Moving together with Federated Mutual Fund

0.98	QKACX	Federated Mdt All	Pair Corr
0.98	QKBGX	Federated Mdt Balanced	Pair Corr
0.81	SBFIX	Federated Global All	Pair Corr
0.77	FSBCX	Federated Global All	Pair Corr
0.95	QLSGX	Federated Mdt Small	Pair Corr
0.94	QLSCX	Federated Mdt Small	Pair Corr
0.97	FSTKX	Federated Mdt Large	Pair Corr
0.97	FSTLX	Federated Mdt Large	Pair Corr
0.97	FSTRX	Federated Mdt Large	Pair Corr
0.8	FSTBX	Federated Global All	Pair Corr
0.85	SVAAX	Federated Strategic Value	Pair Corr
0.84	SVAIX	Federated Strategic Value	Pair Corr
0.73	FULBX	Federated Ultrashort Bond	Pair Corr
0.72	FULIX	Federated Ultrashort Bond	Pair Corr
0.71	FULLX	Federated Hermes Ult	Pair Corr
0.93	FDERX	Federated Equity Income	Pair Corr
0.88	VSFCX	Federated Clover Small	Pair Corr

Moving against Federated Mutual Fund

0.69	FTIIX	Federated Global Total	Pair Corr
0.71	FTGLX	Federated Total Return	Pair Corr
0.7	FTRGX	Federated Total Return	Pair Corr
0.7	FUSCX	Federated Fund For	Pair Corr
0.68	FTRKX	Federated Total Return	Pair Corr
0.67	FTRFX	Federated Total Return	Pair Corr
0.65	FTRBX	Federated Total Return	Pair Corr
0.59	FDBCX	Federated Bond	Pair Corr
0.58	FDBLX	Federated Bond	Pair Corr
0.58	FDBIX	Federated Bond	Pair Corr
0.57	FDBAX	Federated Bond	Pair Corr
0.56	FCSPX	Federated Porate Bond	Pair Corr
0.33	PIUCX	Pnc International Equity	Pair Corr
0.98	BEARX	Federated Prudent Bear	Pair Corr
0.67	FGFLX	Federated International	Pair Corr

Related Correlations Analysis

	DSDYX	ABNTX	TFBIX	ARTFX	USCBX	LBIIX
DSDYX		0.84	0.7	-0.36	0.69	0.94	DSDYX
ABNTX	0.84		0.64	-0.09	0.57	0.88	ABNTX
TFBIX	0.7	0.64		0.18	0.96	0.66	TFBIX
ARTFX	-0.36	-0.09	0.18		0.13	-0.33	ARTFX
USCBX	0.69	0.57	0.96	0.13		0.62	USCBX
LBIIX	0.94	0.88	0.66	-0.33	0.62		LBIIX
	DSDYX	ABNTX	TFBIX	ARTFX	USCBX	LBIIX

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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

USCBX	+ 0.96	TFBIX
LBIIX	+ 0.94	DSDYX
LBIIX	+ 0.88	ABNTX
ABNTX	+ 0.84	DSDYX
TFBIX	+ 0.7	DSDYX
USCBX	+ 0.69	DSDYX

High negative correlations

ARTFX	- 0.36	DSDYX
LBIIX	- 0.33	ARTFX
ARTFX	- 0.09	ABNTX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Kaufmann 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 Kaufmann'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
DSDYX	0.16	0.00	(0.61)	0.39	0.17	(0.18)	0.34	(0.24)	0.92
ABNTX	0.14	(0.01)	(0.49)	(0.75)	0.19	(0.17)	0.29	(0.30)	0.88
TFBIX	0.16	0.02	(0.26)	(0.11)	0.19	(0.23)	0.40	(0.39)	1.58
ARTFX	0.12	0.03	(0.56)	0.58	0.00	(0.21)	0.33	(0.22)	1.01
USCBX	0.16	0.02	(0.24)	(0.09)	0.22	(0.23)	0.39	(0.29)	1.74
LBIIX	0.23	(0.01)	0.00	0.34	0.00	0.00	0.37	(0.61)	1.35

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