Federated Kaufmann Correlations

Mutual Funds . USA . 
Fund . Federated Kaufmann Small
FKAIX Fund  USD 51.46  0.61  1.17%   
The current 90-days correlation between Federated Kaufmann Small and Versatile Bond Portfolio is 0.09 (i.e., Significant diversification). The correlation of Federated Kaufmann 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 Kaufmann Correlation With Market

Almost no diversification

The correlation between Federated Kaufmann Small and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Kaufmann Small 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 Kaufmann 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 gross domestic product.

Moving together with Federated Mutual Fund

  0.91EMDIX Federated Emerging MarketPairCorr
  0.99QKACX Federated Mdt AllPairCorr
  0.96QKBGX Federated Mdt BalancedPairCorr
  0.98SBFIX Federated Global AllPairCorr
  0.95FRIEX Federated Hermes EmergingPairCorr
  0.82STFSX Federated StrategicPairCorr
  0.82STIAX Federated StrategicPairCorr
  0.87STILX Federated StrategicPairCorr
  0.87STISX Federated StrategicPairCorr
  0.98FRSAX Federated Floating RatePairCorr
  0.98FSBCX Federated Global AllPairCorr
  0.98FSBKX Federated Global AllPairCorr
  0.98FSBLX Federated Global AllPairCorr
  0.99QLSGX Federated Mdt SmallPairCorr
  0.98QLSCX Federated Mdt SmallPairCorr
  0.77FSHIX Federated Short IntePairCorr
  0.82INISX Federated IntermediatePairCorr
  0.83FSHSX Federated Short-intermediaPairCorr
  0.77FSILX Federated Short TermPairCorr
  0.84FSTIX Federated Short TermPairCorr
  0.95FSTKX Federated Mdt LargePairCorr
  0.98FSTLX Federated Mdt LargePairCorr
  0.98FSTRX Federated Mdt LargePairCorr
  0.85FSTYX Federated Short TermPairCorr
  0.99FSTBX Federated Global AllPairCorr
  0.95PIEFX Pnc Emerging MarketsPairCorr
  0.96PIGDX Pnc International GrowthPairCorr
  0.92SVALX Federated Strategic ValuePairCorr
  0.84FTIAX Federated Short TermPairCorr
  0.84SVAAX Federated Strategic ValuePairCorr
  0.84SVAIX Federated Strategic ValuePairCorr
  0.92SVACX Federated Strategic ValuePairCorr
  0.96PIUCX Pnc International EquityPairCorr
  0.96PIUIX 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 Kaufmann 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 Kaufmann'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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