Federated Kaufmann Correlations

Mutual Funds . USA . 
Fund . Federated Kaufmann Large
KLCIX Fund  USD 20.23  0.01  0.05%   
The current 90-days correlation between Federated Kaufmann Large and Federated Emerging Market is -0.1 (i.e., Good 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 Large and DJI is 0.83 (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 Large 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 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 gross domestic product.

Moving together with Federated Mutual Fund

  0.95EMDIX Federated Emerging MarketPairCorr
  1.0QKACX Federated Mdt AllPairCorr
  0.98QKBGX Federated Mdt BalancedPairCorr
  0.99SBFIX Federated Global AllPairCorr
  0.97FRIEX Federated Hermes EmergingPairCorr
  0.9STFSX Federated StrategicPairCorr
  0.9STIAX Federated StrategicPairCorr
  0.93STILX Federated StrategicPairCorr
  0.93STISX Federated StrategicPairCorr
  0.97FRSAX Federated Floating RatePairCorr
  0.99FSBCX Federated Global AllPairCorr
  0.99FSBKX Federated Global AllPairCorr
  0.99FSBLX Federated Global AllPairCorr
  0.98QLSGX Federated Mdt SmallPairCorr
  0.98QLSCX Federated Mdt SmallPairCorr
  0.66FSGVX Federated U SPairCorr
  0.94FSHIX Federated Short-intermediaPairCorr
  0.86INISX Federated IntermediatePairCorr
  0.95FSHSX Federated Short IntePairCorr
  0.87FSILX Federated Short TermPairCorr
  0.86FSTIX Federated Short TermPairCorr
  0.98FSTKX Federated Mdt LargePairCorr
  0.99FSTLX Federated Mdt LargePairCorr
  0.98FSTRX Federated Mdt LargePairCorr
  0.87FSTYX Federated Short TermPairCorr
  0.98FSTBX Federated Global AllPairCorr
  0.97PIEFX Pnc Emerging MarketsPairCorr
  0.96PIGDX Pnc International GrowthPairCorr
  0.9SVALX Federated Strategic ValuePairCorr
  0.87FTIAX Federated Short TermPairCorr
  0.9SVAAX Federated Strategic ValuePairCorr
  0.89SVAIX Federated Strategic ValuePairCorr
  0.88SVACX Federated Strategic ValuePairCorr
  0.97PIUCX Pnc International EquityPairCorr
  0.97PIUIX Pnc International EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMDIX  0.20  0.12 (0.08)(1.86) 0.00 
(0.31)
 0.51 
(0.25)
 1.43 
QKACX  0.65  0.16  0.17  0.30  0.43 
(0.82)
 1.97 
(1.28)
 4.99 
QKBGX  0.41  0.19  0.07 (1.73) 0.20 
(0.47)
 1.29 
(0.88)
 2.90 
SBFIX  0.36  0.09  0.04  0.32  0.00 
(0.43)
 1.11 
(0.71)
 2.23 
FRIEX  0.68  0.28  0.20 (5.93) 0.16 
(0.80)
 2.36 
(1.08)
 4.12 
STFSX  0.18  0.05 (0.29)(1.28) 0.00 
(0.24)
 0.49 
(0.36)
 1.25 
STIAX  0.20  0.05 (0.32)(1.45) 0.00 
(0.24)
 0.37 
(0.36)
 1.24 
STILX  0.19  0.06 (0.30)(1.40) 0.00 
(0.24)
 0.38 
(0.25)
 1.51 
STISX  0.17  0.06 (0.28)(1.78) 0.00 
(0.23)
 0.38 
(0.25)
 1.39 
FRSAX  0.07  0.03  0.00  1.65  0.00 
 0.00 
 0.24 
 0.00 
 0.70 

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