Federated Pennsylvania Correlations

PAMFX Fund

USD 9.84 0.03 0.31%

The current 90-days correlation between Federated Pennsylvania and Kinetics Market Opportunities is -0.02 (i.e., Good diversification). The correlation of Federated Pennsylvania 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 Pennsylvania Correlation With Market

Average diversification

The correlation between Federated Pennsylvania Municip and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Pennsylvania Municip and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Federated Pennsylvania Municipal. 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 census.

Moving together with Federated Mutual Fund

0.7	FSHIX	Federated Short-intermedia	Pair Corr
0.77	FSHSX	Federated Short-intermedia	Pair Corr
0.61	SVALX	Federated Strategic Value	Pair Corr

Related Correlations Analysis

	KMKCX	QMNIX	BXECX	PWEAX	QNZIX	SEDAX	AMTOX
KMKCX		0.34	0.32	0.22	0.49	0.38	0.75	KMKCX
QMNIX	0.34		0.95	0.84	0.65	0.89	0.72	QMNIX
BXECX	0.32	0.95		0.83	0.64	0.95	0.7	BXECX
PWEAX	0.22	0.84	0.83		0.64	0.85	0.73	PWEAX
QNZIX	0.49	0.65	0.64	0.64		0.65	0.82	QNZIX
SEDAX	0.38	0.89	0.95	0.85	0.65		0.75	SEDAX
AMTOX	0.75	0.72	0.7	0.73	0.82	0.75		AMTOX
	KMKCX	QMNIX	BXECX	PWEAX	QNZIX	SEDAX	AMTOX

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 Pennsylvania 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 Pennsylvania'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
KMKCX	1.47	0.17	0.08	0.10	1.99	(1.50)	3.20	(3.36)	10.16
QMNIX	0.30	0.13	0.50	0.92	0.00	(0.41)	0.68	(0.39)	1.97
BXECX	0.18	0.05	0.44	(0.88)	0.00	(0.32)	0.55	(0.27)	1.21
PWEAX	0.71	0.09	0.13	0.16	0.81	(0.83)	1.55	(1.49)	5.83
QNZIX	0.63	0.05	0.10	2.69	0.92	(0.59)	1.25	(1.36)	3.89
SEDAX	0.23	0.04	0.34	0.45	0.00	(0.33)	0.59	(0.36)	1.30
AMTOX	0.43	0.09	0.21	0.14	0.41	(0.53)	0.88	(0.99)	2.52

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

Federated Pennsylvania Correlations

Federated Pennsylvania Correlation With Market

Average diversification

Moving together with Federated Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY