Federated Mdt Correlations

Mutual Funds . USA . 
Fund . Federated Mdt Small
QLSCX Fund  USD 24.90  0.15  0.60%   
The current 90-days correlation between Federated Mdt Small and Victory Integrity Discovery is 0.72 (i.e., Poor 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 Small and DJI is 0.71 (i.e., Poor 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

  0.85QKACX Federated Mdt AllPairCorr
  0.66QKBGX Federated Mdt BalancedPairCorr
  0.99QLSGX Federated Mdt SmallPairCorr

Moving against Federated Mutual Fund

  0.76FSGVX Federated U SPairCorr
  0.53FSHIX Federated Short-intermediaPairCorr
  0.49EMDIX Federated Emerging MarketPairCorr
  0.49STIAX Federated StrategicPairCorr
  0.48FRIEX Federated Hermes EmergingPairCorr
  0.48STFSX Federated StrategicPairCorr
  0.47STILX Federated StrategicPairCorr
  0.47STISX Federated StrategicPairCorr
  0.31FRSAX Federated Floating RatePairCorr
  0.76FSGIX Federated Gov SecPairCorr
  0.72FSTIX Federated Short TermPairCorr
  0.72FTGLX Federated Total ReturnPairCorr
  0.71FSILX Federated Short TermPairCorr
  0.71FSTYX Federated Short TermPairCorr
  0.71FTIAX Federated Short TermPairCorr
  0.71FTGSX Federated Total ReturnPairCorr
  0.68INISX Federated IntermediatePairCorr
  0.53FSHSX Federated Short-intermediaPairCorr
  0.48PIEFX Pnc Emerging MarketsPairCorr
  0.47SVALX Federated Strategic ValuePairCorr
  0.47SVAAX Federated Strategic ValuePairCorr
  0.73FULBX Federated Ultrashort BondPairCorr
  0.72FULAX Federated Ultrashort BondPairCorr
  0.71FTRGX Federated Total ReturnPairCorr
  0.71FCBRX Federated HermesPairCorr
  0.71FULIX Federated Ultrashort BondPairCorr
  0.68FTRBX 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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