Federated Kaufmann Correlations

Mutual Funds . USA . 
Fund . Federated Kaufmann Fund
KAUIX Fund  USD 6.48  0.01  0.15%   
The current 90-days correlation between Federated Kaufmann and Dunham Porategovernment Bond is 0.3 (i.e., Weak 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

Very poor diversification

The correlation between Federated Kaufmann Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Kaufmann Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Federated Kaufmann Fund. 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

  0.93EMDIX Federated Emerging MarketPairCorr
  0.99QKACX Federated Mdt AllPairCorr
  0.98QKBGX Federated Mdt BalancedPairCorr
  0.98SBFIX Federated Global AllPairCorr
  0.97FRIEX Federated Hermes EmergingPairCorr
  0.9STFSX Federated StrategicPairCorr
  0.9STIAX Federated StrategicPairCorr
  0.92STILX Federated StrategicPairCorr
  0.92STISX Federated StrategicPairCorr
  0.96FRSAX Federated Floating RatePairCorr
  0.98FSBCX Federated Global AllPairCorr
  0.98FSBKX Federated Global AllPairCorr
  0.98FSBLX Federated Global AllPairCorr
  0.97QLSGX Federated Mdt SmallPairCorr
  0.97QLSCX Federated Mdt SmallPairCorr
  0.65FSGVX Federated U SPairCorr
  0.94FSHIX Federated Short-intermediaPairCorr
  0.85INISX Federated IntermediatePairCorr
  0.94FSHSX Federated Short IntePairCorr
  0.85FSILX Federated Short TermPairCorr
  0.85FSTIX Federated Short TermPairCorr
  0.97FSTKX Federated Mdt LargePairCorr
  0.98FSTLX Federated Mdt LargePairCorr
  0.97FSTRX Federated Mdt LargePairCorr
  0.85FSTYX Federated Short TermPairCorr
  0.98FSTBX Federated Global AllPairCorr
  0.97PIEFX Pnc Emerging MarketsPairCorr
  0.98PIGDX Pnc International GrowthPairCorr
  0.89SVALX Federated Strategic ValuePairCorr
  0.85FTIAX Federated Short TermPairCorr
  0.89SVAAX Federated Strategic ValuePairCorr
  0.88SVAIX Federated Strategic ValuePairCorr
  0.88SVACX Federated Strategic ValuePairCorr
  0.98PIUCX Pnc International EquityPairCorr
  0.98PIUIX 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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