Federated Mdt Correlations

FGSKX Fund

USD 54.99 0.31 0.57%

The current 90-days correlation between Federated Mdt Mid and Jpmorgan Mid Cap is 0.68 (i.e., Poor 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

Significant diversification

The correlation between Federated Mdt Mid Cap and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt Mid Cap 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 Mid Cap. 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 bureau of economic analysis.

Moving together with Federated Mutual Fund

0.62

PIGDX

Pnc International Growth

Pair Corr

Moving against Federated Mutual Fund

0.66	FRSAX	Federated Floating Rate	Pair Corr
0.65	SVAAX	Federated Strategic Value	Pair Corr
0.64	EMDIX	Federated Emerging Market	Pair Corr
0.62	FSILX	Federated Short Term	Pair Corr
0.6	FSHIX	Federated Short Inte	Pair Corr
0.6	FSTLX	Federated Mdt Large	Pair Corr
0.59	SVALX	Federated Strategic Value	Pair Corr
0.58	FSHSX	Federated Short Inte	Pair Corr
0.53	FSTYX	Federated Short Term	Pair Corr
0.52	STFSX	Federated Strategic	Pair Corr
0.51	STIAX	Federated Strategic	Pair Corr
0.51	STILX	Federated Strategic	Pair Corr
0.46	FSTIX	Federated Short Term	Pair Corr
0.46	FTIAX	Federated Short Term	Pair Corr
0.42	STISX	Federated Strategic	Pair Corr
0.38	QLSCX	Federated Mdt Small	Pair Corr
0.36	SBFIX	Federated Global All	Pair Corr
0.36	FSBLX	Federated Global All	Pair Corr
0.36	INISX	Federated Intermediate	Pair Corr
0.33	FSBKX	Federated Global All	Pair Corr
0.65	SVAIX	Federated Strategic Value	Pair Corr
0.62	SVACX	Federated Strategic Value	Pair Corr
0.53	FULIX	Federated Ultrashort Bond	Pair Corr
0.53	FEUGX	Federated Adjustable Rate	Pair Corr
0.51	FULAX	Federated Ultrashort Bond	Pair Corr
0.51	FULBX	Federated Ultrashort Bond	Pair Corr
0.51	FULLX	Federated Hermes Ult	Pair Corr

Related Correlations Analysis

	JMCEX	BGRFX	FGRTX	TRSSX	POGRX	SEQUX	RPBAX	FEGIX	TRPSX
JMCEX		0.19	0.58	0.54	0.02	0.69	0.35	0.36	0.12	JMCEX
BGRFX	0.19		-0.3	0.04	0.44	0.39	0.1	-0.41	0.43	BGRFX
FGRTX	0.58	-0.3		0.56	0.25	0.03	0.6	0.34	0.3	FGRTX
TRSSX	0.54	0.04	0.56		0.19	0.26	0.8	0.37	0.4	TRSSX
POGRX	0.02	0.44	0.25	0.19		-0.28	0.43	-0.26	0.79	POGRX
SEQUX	0.69	0.39	0.03	0.26	-0.28		-0.03	0.11	-0.01	SEQUX
RPBAX	0.35	0.1	0.6	0.8	0.43	-0.03		0.15	0.56	RPBAX
FEGIX	0.36	-0.41	0.34	0.37	-0.26	0.11	0.15		-0.31	FEGIX
TRPSX	0.12	0.43	0.3	0.4	0.79	-0.01	0.56	-0.31		TRPSX
	JMCEX	BGRFX	FGRTX	TRSSX	POGRX	SEQUX	RPBAX	FEGIX	TRPSX

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

RPBAX	+ 0.8	TRSSX
TRPSX	+ 0.79	POGRX
SEQUX	+ 0.69	JMCEX
RPBAX	+ 0.6	FGRTX
FGRTX	+ 0.58	JMCEX
TRSSX	+ 0.56	FGRTX

High negative correlations

FEGIX	- 0.41	BGRFX
TRPSX	- 0.31	FEGIX
FGRTX	- 0.3	BGRFX
SEQUX	- 0.28	POGRX
FEGIX	- 0.26	POGRX
RPBAX	- 0.03	SEQUX

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
JMCEX	0.60	(0.01)	(0.08)	0.53	0.83	(0.57)	1.30	(1.23)	3.46
BGRFX	1.07	(0.40)	0.00	(0.28)	0.00	0.00	1.60	(1.79)	19.67
FGRTX	0.57	(0.03)	(0.04)	0.02	0.91	(0.53)	1.23	(1.37)	3.64
TRSSX	0.95	(0.19)	0.00	(0.12)	0.00	0.00	1.66	(1.76)	4.39
POGRX	1.17	(0.24)	0.00	(0.56)	0.00	0.00	1.64	(2.49)	22.12
SEQUX	0.61	(0.09)	0.00	(0.04)	0.00	0.00	0.96	(1.32)	2.82
RPBAX	0.47	(0.11)	0.00	(0.10)	0.00	0.00	0.79	(0.96)	2.07
FEGIX	1.60	0.26	0.09	0.38	2.34	(1.71)	3.46	(3.49)	11.39
TRPSX	0.75	(0.16)	0.00	(0.09)	0.00	0.00	1.01	(1.70)	9.55

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