Federated Mdt Correlations

QASGX Fund

USD 26.59 0.37 1.41%

The current 90-days correlation between Federated Mdt Small and Federated International Small Mid is 0.59 (i.e., Very weak diversification). 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 0.22 (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 price.

Moving together with Federated Mutual Fund

0.72	QKACX	Federated Mdt All	Pair Corr
0.65	SBFIX	Federated Global All	Pair Corr
0.83	FRSAX	Federated Floating Rate	Pair Corr
0.73	FSBCX	Federated Global All	Pair Corr
0.74	FSBKX	Federated Global All	Pair Corr
0.65	FSBLX	Federated Global All	Pair Corr
1.0	QLSGX	Federated Mdt Small	Pair Corr
0.99	QLSCX	Federated Mdt Small	Pair Corr
0.75	FSTBX	Federated Global All	Pair Corr

Moving against Federated Mutual Fund

0.36	FRIEX	Federated Hermes Emerging	Pair Corr
0.37	PIEFX	Pnc Emerging Markets	Pair Corr

Related Correlations Analysis

	ISCAX	FGFAX	QASCX	QALGX	KAUAX
ISCAX		0.9	0.02	-0.05	0.43	ISCAX
FGFAX	0.9		-0.23	-0.33	0.47	FGFAX
QASCX	0.02	-0.23		0.89	0.38	QASCX
QALGX	-0.05	-0.33	0.89		0.28	QALGX
KAUAX	0.43	0.47	0.38	0.28		KAUAX
	ISCAX	FGFAX	QASCX	QALGX	KAUAX

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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

FGFAX	+ 0.9	ISCAX
QALGX	+ 0.89	QASCX
KAUAX	+ 0.47	FGFAX
KAUAX	+ 0.43	ISCAX
KAUAX	+ 0.38	QASCX
KAUAX	+ 0.28	QALGX

High negative correlations

QALGX	- 0.33	FGFAX
QASCX	- 0.23	FGFAX
QALGX	- 0.05	ISCAX

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
ISCAX	0.58	(0.11)	0.00	(0.67)	0.00	0.00	1.03	(1.16)	3.69
FGFAX	0.65	(0.19)	0.00	(7.63)	0.00	0.00	0.87	(1.74)	3.88
QASCX	0.86	0.01	0.00	0.05	1.09	(0.97)	1.82	(1.51)	9.37
QALGX	0.81	0.07	0.05	0.37	1.25	(0.75)	1.61	(2.15)	6.70
KAUAX	0.96	(0.11)	0.00	(0.24)	0.00	0.00	1.58	(1.45)	13.16

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