Federated Kaufmann Correlations

Mutual Funds . USA . 
Fund . Federated Kaufmann Large
KLCAX Fund  USD 16.74  0.26  1.58%   
The current 90-days correlation between Federated Kaufmann Large and Schwab Small Cap Index is 0.23 (i.e., Modest 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

Average diversification

The correlation between Federated Kaufmann Large and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Kaufmann Large 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 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 nation.

Moving together with Federated Mutual Fund

  0.77QKBGX Federated Mdt BalancedPairCorr
  0.87FSTKX Federated Mdt LargePairCorr
  0.87FSTLX Federated Mdt LargePairCorr
  0.87FSTRX Federated Mdt LargePairCorr
  0.94SVALX Federated Strategic ValuePairCorr
  0.94SVAAX Federated Strategic ValuePairCorr
  0.94SVAIX Federated Strategic ValuePairCorr
  0.9SVACX Federated Strategic ValuePairCorr
  0.67PIUCX Pnc International EquityPairCorr
  0.62PIUIX Pnc International EquityPairCorr

Moving against Federated Mutual Fund

  0.43FSILX Federated Short TermPairCorr
  0.36FSTIX Federated Short TermPairCorr
  0.65FULAX Federated Ultrashort BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
RTSSX
+ 0.99
SWSSX
RTSSX
+ 0.93
RTOUX
RTOUX
+ 0.92
SWSSX
MBLAX
+ 0.84
RTSSX
IAXTX
+ 0.82
SWSSX
RTSSX
+ 0.79
TSMUX
  
High negative correlations   
SRDAX
- 0.3
TSMUX
MBLAX
- 0.21
SRDAX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY