Federated Kaufmann Correlations

Mutual Funds . USA . 
Fund . Federated Kaufmann Large
KLCSX Fund  USD 25.50  0.20  0.78%   
The current 90-days correlation between Federated Kaufmann Large and Mid Cap Value Profund is 0.53 (i.e., Very weak 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 Large and DJI is 0.66 (i.e., Poor 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 state.

Moving together with Federated Mutual Fund

  0.98QKACX Federated Mdt AllPairCorr
  0.97QKBGX Federated Mdt BalancedPairCorr
  0.77SBFIX Federated Global AllPairCorr
  0.85FRSAX Federated Floating RatePairCorr
  0.73FSBCX Federated Global AllPairCorr
  0.74FSBKX Federated Global AllPairCorr
  0.77FSBLX Federated Global AllPairCorr
  0.92QLSGX Federated Mdt SmallPairCorr
  0.92QLSCX Federated Mdt SmallPairCorr
  0.97FSTKX Federated Mdt LargePairCorr
  0.97FSTLX Federated Mdt LargePairCorr
  0.97FSTRX Federated Mdt LargePairCorr
  0.76FSTBX Federated Global AllPairCorr
  0.8SVAAX Federated Strategic ValuePairCorr
  0.79SVAIX Federated Strategic ValuePairCorr
  0.78SVACX Federated Strategic ValuePairCorr

Moving against Federated Mutual Fund

  0.76FTIBX Federated Global TotalPairCorr
  0.63INISX Federated IntermediatePairCorr
  0.54FSGVX Federated U SPairCorr
  0.99BEARX Federated Prudent BearPairCorr
  0.77FTGLX Federated Total ReturnPairCorr
  0.77FTGSX Federated Total ReturnPairCorr
  0.76FTRGX Federated Total ReturnPairCorr
  0.76FUSCX Federated Fund ForPairCorr
  0.75FTIIX Federated Global TotalPairCorr
  0.74FTRKX Federated Total ReturnPairCorr
  0.73FTRFX Federated Total ReturnPairCorr
  0.72FTRBX Federated Total ReturnPairCorr
  0.72FTRLX Federated Total ReturnPairCorr
  0.66RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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