Federated Mdt Correlations

QABGX Fund

USD 22.84 0.10 0.44%

The current 90-days correlation between Federated Mdt Balanced and American Balanced Fund is 0.99 (i.e., No risk reduction). 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

Almost no diversification

The correlation between Federated Mdt Balanced and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt Balanced and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Federated Mdt Balanced. 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 price.

Moving together with FEDERATED Mutual Fund

0.95	EMDIX	Federated Emerging Market	Pair Corr
1.0	QKACX	Federated Mdt All	Pair Corr
1.0	QKBGX	Federated Mdt Balanced	Pair Corr
1.0	SBFIX	Federated Global All	Pair Corr
0.98	FRIEX	Federated Hermes Emerging	Pair Corr
0.84	STFSX	Federated Strategic	Pair Corr
0.84	STIAX	Federated Strategic	Pair Corr
0.92	STILX	Federated Strategic	Pair Corr
0.92	STISX	Federated Strategic	Pair Corr
0.98	FRSAX	Federated Floating Rate	Pair Corr
1.0	FSBCX	Federated Global All	Pair Corr
1.0	FSBKX	Federated Global All	Pair Corr
1.0	FSBLX	Federated Global All	Pair Corr
0.99	QLSGX	Federated Mdt Small	Pair Corr
0.99	QLSCX	Federated Mdt Small	Pair Corr
0.8	FSHIX	Federated Short-intermedia	Pair Corr
0.82	INISX	Federated Intermediate	Pair Corr
0.8	FSHSX	Federated Short-intermedia	Pair Corr
0.81	FSILX	Federated Short Term	Pair Corr
0.84	FSTIX	Federated Short Term	Pair Corr
0.99	FSTKX	Federated Mdt Large	Pair Corr
0.99	FSTLX	Federated Mdt Large	Pair Corr
0.99	FSTRX	Federated Mdt Large	Pair Corr
0.85	FSTYX	Federated Short Term	Pair Corr
1.0	FSTBX	Federated Global All	Pair Corr
0.98	PIEFX	Pnc Emerging Markets	Pair Corr
0.97	PIGDX	Pnc International Growth	Pair Corr
0.86	SVALX	Federated Strategic Value	Pair Corr
0.84	FTIAX	Federated Short Term	Pair Corr
0.85	SVAAX	Federated Strategic Value	Pair Corr
0.86	SVAIX	Federated Strategic Value	Pair Corr
0.85	SVACX	Federated Strategic Value	Pair Corr
0.98	PIUCX	Pnc International Equity	Pair Corr
0.98	PIUIX	Pnc International Equity	Pair Corr

Moving against FEDERATED Mutual Fund

0.99

BEARX

Federated Prudent Bear Potential Growth

Pair Corr

Related Correlations Analysis

	BALCX	BALFX	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	KNF	70082LAB3	SITKF
BALCX		1.0	0.98	0.98	0.94	0.99	0.0	-0.27	-0.44	-0.21	BALCX
BALFX	1.0		0.98	0.98	0.94	0.98	0.0	-0.28	-0.44	-0.21	BALFX
MSTSX	0.98	0.98		0.98	0.95	0.99	0.0	-0.16	-0.52	-0.25	MSTSX
LBHIX	0.98	0.98	0.98		0.97	0.99	0.0	-0.24	-0.49	-0.24	LBHIX
VIASP	0.94	0.94	0.95	0.97		0.96	0.0	-0.19	-0.55	-0.36	VIASP
RRTLX	0.99	0.98	0.99	0.99	0.96		0.0	-0.17	-0.49	-0.25	RRTLX
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OSHDF
KNF	-0.27	-0.28	-0.16	-0.24	-0.19	-0.17	0.0		-0.33	-0.4	KNF
70082LAB3	-0.44	-0.44	-0.52	-0.49	-0.55	-0.49	0.0	-0.33		0.6	70082LAB3
SITKF	-0.21	-0.21	-0.25	-0.24	-0.36	-0.25	0.0	-0.4	0.6		SITKF
	BALCX	BALFX	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	KNF	70082LAB3	SITKF

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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

BALFX	+ 1.0	BALCX
RRTLX	+ 0.99	BALCX
RRTLX	+ 0.99	MSTSX
RRTLX	+ 0.99	LBHIX
MSTSX	+ 0.98	BALCX
LBHIX	+ 0.98	BALCX

High negative correlations

70082LAB3	- 0.55	VIASP
70082LAB3	- 0.52	MSTSX
70082LAB3	- 0.49	RRTLX
70082LAB3	- 0.49	LBHIX
70082LAB3	- 0.44	BALFX
70082LAB3	- 0.44	BALCX

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
BALCX	0.61	0.06	0.02	0.20	1.00	(0.60)	1.34	(1.45)	7.16
BALFX	0.61	0.06	0.02	0.20	0.98	(0.61)	1.34	(1.41)	7.21
MSTSX	0.81	0.07	0.03	0.18	1.32	(0.83)	1.87	(1.54)	10.06
LBHIX	0.22	0.02	(0.10)	0.29	0.24	(0.32)	0.49	(0.49)	1.45
VIASP	0.65	0.12	0.04	1.22	0.66	(0.76)	1.82	(1.01)	4.85
RRTLX	0.38	0.02	(0.05)	0.15	0.64	(0.39)	0.82	(0.94)	4.11
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KNF	2.41	(0.29)	0.00	(0.08)	0.00	0.00	4.58	(5.26)	19.80
70082LAB3	1.50	(0.15)	0.00	(0.43)	0.00	0.00	2.55	(4.54)	20.47
SITKF	3.20	0.07	(0.01)	(1.61)	3.74	(5.10)	8.33	(6.98)	23.19

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