Federated Mid-cap Correlations

Mutual Funds . USA . 
Fund . Federated Mid Cap Index
FMCLX Fund  USD 15.82  0.20  1.28%   
The current 90-days correlation between Federated Mid Cap and Dreyfus Smallcap Stock is -0.11 (i.e., Good diversification). The correlation of Federated Mid-cap 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 Mid-cap Correlation With Market

Good diversification

The correlation between Federated Mid Cap Index and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mid Cap Index 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 Mid Cap Index. 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 bureau of economic analysis.

Moving together with Federated Mutual Fund

  0.8EMDIX Federated Emerging MarketPairCorr
  0.85FRSAX Federated Floating RatePairCorr
  0.95FSBCX Federated Global AllPairCorr
  0.84QLSGX Federated Mdt SmallPairCorr
  0.86QLSCX Federated Mdt SmallPairCorr
  0.81FSHIX Federated Short-intermediaPairCorr
  0.67INISX Federated IntermediatePairCorr
  0.82FSHSX Federated Short IntePairCorr
  0.84FSTKX Federated Mdt LargePairCorr
  0.84FSTRX Federated Mdt LargePairCorr
  0.73SVALX Federated Strategic ValuePairCorr
  0.7FTIAX Federated Short TermPairCorr
  0.73SVAAX Federated Strategic ValuePairCorr
  0.72SVACX Federated Strategic ValuePairCorr
  0.81PIUCX Pnc International EquityPairCorr
  0.81PIUIX 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 Mid-cap 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 Mid-cap'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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