Federated Max-cap Correlations

Mutual Funds . USA . 
Fund . Federated Max Cap Index
FMXSX Fund  USD 8.02  0.04  0.50%   
The current 90-days correlation between Federated Max Cap and Columbia Diversified Equity is -0.12 (i.e., Good diversification). The correlation of Federated Max-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 Max-cap Correlation With Market

Good diversification

The correlation between Federated Max Cap Index and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Max 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 Max 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 state.

Moving together with Federated Mutual Fund

  0.96EMDIX Federated Emerging MarketPairCorr
  0.98QKACX Federated Mdt AllPairCorr
  1.0QKBGX Federated Mdt BalancedPairCorr
  0.98SBFIX Federated Global AllPairCorr
  0.98FRIEX Federated Hermes EmergingPairCorr
  0.91STFSX Federated StrategicPairCorr
  0.91STIAX Federated StrategicPairCorr
  0.94STILX Federated StrategicPairCorr
  0.94STISX 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
  0.97QLSCX Federated Mdt SmallPairCorr
  0.68FSGVX Federated U SPairCorr
  0.96FSHIX Federated Short-intermediaPairCorr
  0.86INISX Federated IntermediatePairCorr
  0.96FSHSX Federated Short IntePairCorr
  0.88FSILX Federated Short TermPairCorr
  0.87FSTIX Federated Short TermPairCorr
  0.99FSTKX Federated Mdt LargePairCorr
  0.98FSTLX Federated Mdt LargePairCorr
  0.99FSTRX Federated Mdt LargePairCorr
  0.88FSTYX Federated Short TermPairCorr
  0.99FSTBX Federated Global AllPairCorr
  0.67PIEFX Pnc Emerging MarketsPairCorr
  0.91SVALX Federated Strategic ValuePairCorr
  0.88FTIAX Federated Short TermPairCorr
  0.9SVAAX Federated Strategic ValuePairCorr
  0.92SVAIX Federated Strategic ValuePairCorr
  0.89SVACX Federated Strategic ValuePairCorr
  0.96PIUCX Pnc International EquityPairCorr
  0.97PIUIX 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 Max-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 Max-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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