Federated Total Correlations

Mutual Funds . USA . 
Fund . Federated Total Return
FTRKX Fund  USD 9.43  0.02  0.21%   
The current 90-days correlation between Federated Total Return and Tax Managed International Equity is 0.31 (i.e., Weak diversification). The correlation of Federated Total 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 Total Correlation With Market

Modest diversification

The correlation between Federated Total Return and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Total Return 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 Total Return. 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

  0.87FTRBX Federated Total ReturnPairCorr
  0.87FTRFX Federated Total ReturnPairCorr
  0.85FUSCX Federated Fund ForPairCorr
  0.75FDBCX Federated BondPairCorr
  0.82ICBRX Federated Hermes IntPairCorr
  0.8FICMX Federated GovernmentPairCorr
  0.62FIPRX Federated Hermes InfPairCorr
  0.86FITSX Federated GovernmentPairCorr

Moving against Federated Mutual Fund

  0.38FGSAX Federated Mdt MidPairCorr
  0.38FGSKX Federated Mdt MidPairCorr
  0.34KLCIX Federated Kaufmann LargePairCorr
  0.33FGSCX Federated Mdt MidPairCorr
  0.32QALGX Federated Mdt LargePairCorr
  0.39SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.36FKASX Federated Kaufmann SmallPairCorr
  0.36FKCSX Federated Kaufmann SmallPairCorr
  0.36QISGX Federated Mdt SmallPairCorr
  0.34KAUCX Federated KaufmannPairCorr
  0.34KAUFX Federated KaufmannPairCorr
  0.31FKKSX Federated Kaufmann SmallPairCorr

Related Correlations Analysis

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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   
MSTFX
+ 0.9
RTIUX
QLENX
+ 0.78
RTIUX
QLENX
+ 0.68
MSTFX
SDGIX
+ 0.46
SMNIX
SDGIX
+ 0.29
QLENX
QLENX
+ 0.19
SMNIX
  
High negative correlations   
SMNIX
- 0.11
RTIUX
MSTFX
- 0.02
SMNIX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Total 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 Total'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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