Federated Mdt Correlations

Mutual Funds . USA . 
Fund . Federated Mdt All
QKACX Fund  USD 44.04  0.04  0.09%   
The current 90-days correlation between Federated Mdt All and Gamco Natural Resources 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

Poor diversification

The correlation between Federated Mdt All and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt All 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 All. 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

  0.89QKBGX Federated Mdt BalancedPairCorr
  0.84SBFIX Federated Global AllPairCorr
  0.86FSBCX Federated Global AllPairCorr
  0.85FSBKX Federated Global AllPairCorr
  0.84FSBLX Federated Global AllPairCorr
  0.8QLSGX Federated Mdt SmallPairCorr
  0.85QLSCX Federated Mdt SmallPairCorr
  0.73FSTKX Federated Mdt LargePairCorr
  0.73FSTLX Federated Mdt LargePairCorr
  0.73FSTRX Federated Mdt LargePairCorr
  0.84FSTBX Federated Global AllPairCorr

Moving against Federated Mutual Fund

  0.41FSGVX Federated U SPairCorr
  0.4FSGIX Federated Gov SecPairCorr
  0.36FTGLX Federated Total ReturnPairCorr
  0.35FSTIX Federated Short TermPairCorr
  0.35FTGSX Federated Total ReturnPairCorr
  0.34FSILX Federated Short TermPairCorr
  0.34FTIAX Federated Short TermPairCorr
  0.33FSTYX Federated Short TermPairCorr
  0.38FULBX Federated Ultrashort BondPairCorr
  0.37FULAX Federated Ultrashort BondPairCorr
  0.36FCBRX Federated HermesPairCorr
  0.35FTRGX Federated Total ReturnPairCorr
  0.34FULIX Federated Ultrashort BondPairCorr
  0.31FTRFX Federated Total ReturnPairCorr

Related Correlations Analysis

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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.

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