Federated Mid Correlations

Mutual Funds . USA . 
Fund . Federated Mid Cap Index
FMCLX Fund  USD 15.95  0.14  0.89%   
The current 90-days correlation between Federated Mid Cap and Dreyfus Smallcap Stock is 0.96 (i.e., Almost no diversification). The correlation of Federated Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Federated Mid Cap Index and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mid Cap Index 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 Mid Cap Index. 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

  0.91EMDIX Federated Emerging MarketPairCorr
  0.97QKACX Federated Mdt AllPairCorr
  0.97QKBGX Federated Mdt BalancedPairCorr
  0.96SBFIX Federated Global AllPairCorr
  0.95FRIEX Federated Hermes EmergingPairCorr
  0.9STFSX Federated StrategicPairCorr
  0.9STIAX Federated StrategicPairCorr
  0.9STILX Federated StrategicPairCorr
  0.9STISX Federated StrategicPairCorr
  0.94FRSAX Federated Floating RatePairCorr
  0.95FSBCX Federated Global AllPairCorr
  0.96FSBKX Federated Global AllPairCorr
  0.96FSBLX Federated Global AllPairCorr
  0.95QLSGX Federated Mdt SmallPairCorr
  0.96QLSCX Federated Mdt SmallPairCorr
  0.65FSGVX Federated U SPairCorr
  0.92FSHIX Federated Short IntePairCorr
  0.79INISX Federated IntermediatePairCorr
  0.91FSHSX Federated Short IntePairCorr
  0.83FSILX Federated Short TermPairCorr
  0.82FSTIX Federated Short TermPairCorr
  0.95FSTKX Federated Mdt LargePairCorr
  0.98FSTLX Federated Mdt LargePairCorr
  0.95FSTRX Federated Mdt LargePairCorr
  0.84FSTYX Federated Short TermPairCorr
  0.95FSTBX Federated Global AllPairCorr
  0.95PIEFX Pnc Emerging MarketsPairCorr
  0.9PIGDX Pnc International GrowthPairCorr
  0.88SVALX Federated Strategic ValuePairCorr
  0.83FTIAX Federated Short TermPairCorr
  0.85SVAAX Federated Strategic ValuePairCorr
  0.86SVAIX Federated Strategic ValuePairCorr
  0.83SVACX Federated Strategic ValuePairCorr
  0.91PIUCX Pnc International EquityPairCorr
  0.91PIUIX 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 Mid 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 Mid'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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