Federated Mdt Correlations

QASCX Fund

USD 25.78 0.24 0.92%

The current 90-days correlation between Federated Mdt Small and Federated Mdt Small is 1.0 (i.e., No risk reduction). The correlation of Federated Mdt 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 Mdt Correlation With Market

Modest diversification

The correlation between Federated Mdt Small and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt Small 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 Mdt Small. 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 main economic indicators.

Moving together with Federated Mutual Fund

0.77	QKACX	Federated Mdt All	Pair Corr
0.77	SBFIX	Federated Global All	Pair Corr
0.82	FRSAX	Federated Floating Rate	Pair Corr
0.75	FSBCX	Federated Global All	Pair Corr
0.76	FSBKX	Federated Global All	Pair Corr
0.77	FSBLX	Federated Global All	Pair Corr
0.93	QLSCX	Federated Mdt Small	Pair Corr
0.77	FSTBX	Federated Global All	Pair Corr

Moving against Federated Mutual Fund

0.38

BEARX

Federated Prudent Bear

Pair Corr

Related Correlations Analysis

	QISCX	QASGX	FSCAX	FGFAX	QALGX
QISCX		0.99	0.97	-0.16	0.91	QISCX
QASGX	0.99		0.95	-0.23	0.93	QASGX
FSCAX	0.97	0.95		-0.24	0.92	FSCAX
FGFAX	-0.16	-0.23	-0.24		-0.3	FGFAX
QALGX	0.91	0.93	0.92	-0.3		QALGX
	QISCX	QASGX	FSCAX	FGFAX	QALGX

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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

QASGX	+ 0.99	QISCX
FSCAX	+ 0.97	QISCX
FSCAX	+ 0.95	QASGX
QALGX	+ 0.93	QASGX
QALGX	+ 0.92	FSCAX
QALGX	+ 0.91	QISCX

High negative correlations

QALGX	- 0.3	FGFAX
FGFAX	- 0.24	FSCAX
FGFAX	- 0.23	QASGX
FGFAX	- 0.16	QISCX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Mdt 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 Mdt'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
QISCX	0.87	0.05	0.03	0.15	1.05	(0.98)	1.81	(1.51)	9.32
QASGX	0.94	0.06	0.04	0.18	1.14	(1.02)	1.87	(1.86)	8.67
FSCAX	0.87	0.03	0.02	0.14	0.99	(1.08)	1.83	(1.60)	11.24
FGFAX	0.66	(0.17)	0.00	(7.26)	0.00	0.00	1.04	(1.74)	3.88
QALGX	0.83	0.08	0.05	0.43	1.24	(0.77)	1.61	(2.15)	6.70

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