Federated Capital Correlations

CAPFX Fund

USD 9.02 0.02 0.22%

The current 90-days correlation between Federated Capital Income and Federated Emerging Market is -0.08 (i.e., Good diversification). The correlation of Federated Capital 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 Capital Correlation With Market

Good diversification

The correlation between Federated Capital Income and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Capital Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Federated Capital Income. 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 census.

Moving together with Federated Mutual Fund

0.98	EMDIX	Federated Emerging Market	Pair Corr
0.63	SBFIX	Federated Global All	Pair Corr
0.94	STFSX	Federated Strategic	Pair Corr
0.63	FSBKX	Federated Global All	Pair Corr
0.99	FSBLX	Federated Global All	Pair Corr
0.92	FSILX	Federated Short Term	Pair Corr
0.92	FSTIX	Federated Short Term	Pair Corr
0.92	FSTYX	Federated Short Term	Pair Corr
0.97	PIEFX	Pnc Emerging Markets	Pair Corr
0.93	PIGDX	Pnc International Growth	Pair Corr
0.92	FTIAX	Federated Short Term	Pair Corr
0.92	SVAAX	Federated Strategic Value	Pair Corr
0.61	PIUCX	Pnc International Equity	Pair Corr
0.61	PIUIX	Pnc International Equity	Pair Corr

Moving against Federated Mutual Fund

0.58

FSTBX

Federated Global All

Pair Corr

Related Correlations Analysis

	EMDIX	QKACX	QKBGX	SBFIX	FRIEX	STFSX	STIAX	STILX	STISX	FRSAX
EMDIX		0.57	0.56	0.64	0.52	0.95	0.56	0.61	0.61	0.6	EMDIX
QKACX	0.57		0.98	0.88	0.96	0.45	0.84	0.9	0.9	0.97	QKACX
QKBGX	0.56	0.98		0.87	0.96	0.45	0.84	0.9	0.91	0.97	QKBGX
SBFIX	0.64	0.88	0.87		0.84	0.58	0.8	0.85	0.85	0.87	SBFIX
FRIEX	0.52	0.96	0.96	0.84		0.4	0.81	0.88	0.88	0.93	FRIEX
STFSX	0.95	0.45	0.45	0.58	0.4		0.52	0.54	0.54	0.51	STFSX
STIAX	0.56	0.84	0.84	0.8	0.81	0.52		0.98	0.98	0.86	STIAX
STILX	0.61	0.9	0.9	0.85	0.88	0.54	0.98		1.0	0.91	STILX
STISX	0.61	0.9	0.91	0.85	0.88	0.54	0.98	1.0		0.91	STISX
FRSAX	0.6	0.97	0.97	0.87	0.93	0.51	0.86	0.91	0.91		FRSAX
	EMDIX	QKACX	QKBGX	SBFIX	FRIEX	STFSX	STIAX	STILX	STISX	FRSAX

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Capital 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 Capital'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
EMDIX	0.19	0.10	(0.29)	14.18	0.00	(0.29)	0.51	(0.25)	1.10
QKACX	0.53	0.15	0.13	0.41	0.09	(0.69)	1.23	(0.78)	4.99
QKBGX	0.35	0.18	(0.01)	(1.85)	0.00	(0.42)	1.08	(0.52)	2.86
SBFIX	0.32	0.09	(0.05)	0.43	0.00	(0.39)	0.99	(0.56)	2.23
FRIEX	0.59	0.25	0.10	(2.78)	0.00	(0.69)	1.36	(0.96)	4.12
STFSX	0.18	0.03	(0.43)	3.55	0.02	(0.23)	0.49	(0.36)	1.11
STIAX	0.17	0.01	(0.59)	0.27	0.08	(0.21)	0.37	(0.24)	1.09
STILX	0.16	0.02	(0.66)	0.48	0.00	(0.20)	0.36	(0.24)	0.85
STISX	0.15	0.02	(0.58)	0.53	0.00	(0.19)	0.37	(0.25)	0.87
FRSAX	0.07	0.02	0.00	1.32	0.00	0.00	0.12	0.00	0.70

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