Federated Mdt Correlations

FSTKX Fund

USD 36.06 0.21 0.59%

The current 90-days correlation between Federated Mdt Large and Federated Hermes Mdt is -0.14 (i.e., Good 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

Average diversification

The correlation between Federated Mdt Large and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt Large 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 Large. 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 board of governors.

Moving together with Federated Mutual Fund

0.62	QKACX	Federated Mdt All	Pair Corr
0.73	QKBGX	Federated Mdt Balanced	Pair Corr
0.69	SBFIX	Federated Global All	Pair Corr
0.75	FSBCX	Federated Global All	Pair Corr
0.69	FSBKX	Federated Global All	Pair Corr
0.69	FSBLX	Federated Global All	Pair Corr
0.76	FSTLX	Federated Mdt Large	Pair Corr
0.97	FSTRX	Federated Mdt Large	Pair Corr
0.75	FSTBX	Federated Global All	Pair Corr
0.7	SVAAX	Federated Strategic Value	Pair Corr
0.7	SVAIX	Federated Strategic Value	Pair Corr
0.69	SVACX	Federated Strategic Value	Pair Corr

Moving against Federated Mutual Fund

0.71

BEARX

Federated Prudent Bear

Pair Corr

Related Correlations Analysis

	QAMNX	QALGX	FHBRX	FHBBX	ICBRX	ICFBX	FHESX	FHERX	FHEQX
QAMNX		-0.1	0.15	0.0	-0.02	0.0	-0.23	-0.23	-0.26	QAMNX
QALGX	-0.1		0.58	0.0	0.52	0.0	-0.33	-0.33	-0.22	QALGX
FHBRX	0.15	0.58		0.0	0.69	0.0	-0.12	-0.12	-0.19	FHBRX
FHBBX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FHBBX
ICBRX	-0.02	0.52	0.69	0.0		0.0	-0.47	-0.47	-0.51	ICBRX
ICFBX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ICFBX
FHESX	-0.23	-0.33	-0.12	0.0	-0.47	0.0		1.0	0.94	FHESX
FHERX	-0.23	-0.33	-0.12	0.0	-0.47	0.0	1.0		0.94	FHERX
FHEQX	-0.26	-0.22	-0.19	0.0	-0.51	0.0	0.94	0.94		FHEQX
	QAMNX	QALGX	FHBRX	FHBBX	ICBRX	ICFBX	FHESX	FHERX	FHEQX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FHERX	+ 1.0	FHESX
FHEQX	+ 0.94	FHESX
FHEQX	+ 0.94	FHERX
ICBRX	+ 0.69	FHBRX
FHBRX	+ 0.58	QALGX
ICBRX	+ 0.52	QALGX

High negative correlations

FHEQX	- 0.51	ICBRX
FHERX	- 0.47	ICBRX
FHESX	- 0.47	ICBRX
FHERX	- 0.33	QALGX
FHESX	- 0.33	QALGX
FHEQX	- 0.26	QAMNX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QAMNX	0.28	0.01	(0.08)	0.15	0.35	(0.32)	0.64	(0.72)	1.68
QALGX	0.79	0.07	0.02	0.58	1.19	(0.72)	1.69	(1.98)	4.46
FHBRX	0.12	0.00	(0.17)	0.07	0.00	(0.18)	0.29	(0.29)	0.73
FHBBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICBRX	0.14	0.01	(0.18)	0.25	0.00	(0.18)	0.23	(0.23)	0.69
ICFBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FHESX	0.62	(0.10)	0.00	(0.08)	0.00	0.00	1.36	(1.10)	3.75
FHERX	0.62	(0.10)	0.00	(0.08)	0.00	0.00	1.36	(1.10)	3.81
FHEQX	0.61	(0.07)	0.00	(0.30)	0.00	0.00	1.36	(1.10)	3.69

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