Federated Mdt Correlations

Mutual Funds . USA . 
Fund . Federated Mdt Mid Cap
FGSKX Fund  USD 58.82  0.27  0.46%   
The current 90-days correlation between Federated Mdt Mid and Fidelity Small Cap is 0.92 (i.e., Almost no 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 Mid Cap and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated Mdt Mid Cap. 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 industry.

Moving together with Federated Mutual Fund

  0.91EMDIX Federated Emerging MarketPairCorr
  0.98QKACX Federated Mdt AllPairCorr
  0.97QKBGX Federated Mdt BalancedPairCorr
  0.96SBFIX Federated Global AllPairCorr
  0.96FRIEX Federated Hermes EmergingPairCorr
  0.86STFSX Federated StrategicPairCorr
  0.86STIAX Federated StrategicPairCorr
  0.89STILX Federated StrategicPairCorr
  0.9STISX Federated StrategicPairCorr
  0.94FRSAX Federated Floating RatePairCorr
  0.97FSBCX Federated Global AllPairCorr
  0.96FSBKX Federated Global AllPairCorr
  0.96FSBLX Federated Global AllPairCorr
  0.97QLSGX Federated Mdt SmallPairCorr
  0.97QLSCX Federated Mdt SmallPairCorr
  0.9FSHIX Federated Short-intermediaPairCorr
  0.79INISX Federated IntermediatePairCorr
  0.91FSHSX Federated Short IntePairCorr
  0.79FSILX Federated Short TermPairCorr
  0.79FSTIX Federated Short TermPairCorr
  0.96FSTKX Federated Mdt LargePairCorr
  0.96FSTLX Federated Mdt LargePairCorr
  0.97FSTRX Federated Mdt LargePairCorr
  0.79FSTYX Federated Short TermPairCorr
  0.97FSTBX Federated Global AllPairCorr
  0.96PIEFX Pnc Emerging MarketsPairCorr
  0.98PIGDX Pnc International GrowthPairCorr
  0.85SVALX Federated Strategic ValuePairCorr
  0.79FTIAX Federated Short TermPairCorr
  0.84SVAAX Federated Strategic ValuePairCorr
  0.84SVAIX Federated Strategic ValuePairCorr
  0.85SVACX Federated Strategic ValuePairCorr
  0.98PIUCX Pnc International EquityPairCorr
  0.98PIUIX Pnc International EquityPairCorr

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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