Federated Mdt Correlations

QKBGX Fund

USD 21.56 0.03 0.14%

The current 90-days correlation between Federated Mdt Balanced and Transamerica International Small is 0.5 (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 Balanced and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt Balanced 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 Balanced. 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

0.94	QKACX	Federated Mdt All	Pair Corr
0.98	SBFIX	Federated Global All	Pair Corr
0.86	FSBCX	Federated Global All	Pair Corr
0.98	FSBKX	Federated Global All	Pair Corr
0.98	FSBLX	Federated Global All	Pair Corr
0.66	QLSCX	Federated Mdt Small	Pair Corr
0.93	FSTKX	Federated Mdt Large	Pair Corr
0.92	FSTLX	Federated Mdt Large	Pair Corr
0.93	FSTRX	Federated Mdt Large	Pair Corr
0.98	FSTBX	Federated Global All	Pair Corr

Related Correlations Analysis

	TISVX	PMDDX	ESCIX	ARTSX	CMPAX	MSSGX	SECAX
TISVX		-0.4	0.19	-0.56	-0.5	-0.5	-0.49	TISVX
PMDDX	-0.4		0.51	0.94	0.96	0.85	0.9	PMDDX
ESCIX	0.19	0.51		0.51	0.45	0.63	0.49	ESCIX
ARTSX	-0.56	0.94	0.51		0.96	0.93	0.93	ARTSX
CMPAX	-0.5	0.96	0.45	0.96		0.89	0.94	CMPAX
MSSGX	-0.5	0.85	0.63	0.93	0.89		0.91	MSSGX
SECAX	-0.49	0.9	0.49	0.93	0.94	0.91		SECAX
	TISVX	PMDDX	ESCIX	ARTSX	CMPAX	MSSGX	SECAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CMPAX	+ 0.96	PMDDX
CMPAX	+ 0.96	ARTSX
ARTSX	+ 0.94	PMDDX
SECAX	+ 0.94	CMPAX
MSSGX	+ 0.93	ARTSX
SECAX	+ 0.93	ARTSX

High negative correlations

ARTSX	- 0.56	TISVX
MSSGX	- 0.5	TISVX
CMPAX	- 0.5	TISVX
SECAX	- 0.49	TISVX
PMDDX	- 0.4	TISVX

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
TISVX	0.79	0.11	0.08	0.13	1.22	(0.78)	1.99	(1.65)	9.81
PMDDX	0.85	(0.07)	0.00	(0.11)	0.00	0.00	1.52	(1.78)	3.94
ESCIX	0.75	(0.01)	0.00	(0.06)	0.00	0.00	1.87	(2.03)	4.56
ARTSX	1.18	(0.09)	0.00	(0.12)	0.00	0.00	2.24	(3.17)	5.69
CMPAX	0.78	(0.09)	0.00	(0.14)	0.00	0.00	1.21	(1.63)	3.50
MSSGX	1.80	(0.12)	0.00	(0.11)	0.00	0.00	3.81	(3.91)	9.53
SECAX	1.09	(0.22)	0.00	(0.26)	0.00	0.00	1.84	(2.57)	11.41

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