Federated Mid-cap Correlations

Mutual Funds . USA . 
Fund . Federated Mid Cap Index
FMCRX Fund  USD 16.11  0.01  0.06%   
The current 90-days correlation between Federated Mid Cap and Dreyfus Smallcap Stock is 0.97 (i.e., Almost no diversification). The correlation of Federated Mid-cap 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-cap Correlation With Market

Very poor diversification

The correlation between Federated Mid Cap Index and DJI is 0.85 (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 employment.

Moving together with Federated Mutual Fund

  0.79EMDIX Federated Emerging MarketPairCorr
  0.89QKACX Federated Mdt AllPairCorr
  0.89QKBGX Federated Mdt BalancedPairCorr
  0.86SBFIX Federated Global AllPairCorr
  0.74FRIEX Federated Hermes EmergingPairCorr
  0.77STFSX Federated StrategicPairCorr
  0.77STIAX Federated StrategicPairCorr
  0.79STILX Federated StrategicPairCorr
  0.79STISX Federated StrategicPairCorr
  0.72FRSAX Federated Floating RatePairCorr
  0.86FSBCX Federated Global AllPairCorr
  0.86FSBKX Federated Global AllPairCorr
  0.86FSBLX Federated Global AllPairCorr
  0.89QLSGX Federated Mdt SmallPairCorr
  0.93QLSCX Federated Mdt SmallPairCorr
  0.69FSGVX Federated U SPairCorr
  0.75FSHIX Federated Short-intermediaPairCorr
  0.72FSGIX Federated Gov SecPairCorr
  0.74INISX Federated IntermediatePairCorr
  0.73FSHSX Federated Short-intermediaPairCorr
  0.72FSILX Federated Short TermPairCorr
  0.73FSTIX Federated Short TermPairCorr
  0.69FSTKX Federated Mdt LargePairCorr
  0.94FSTLX Federated Mdt LargePairCorr
  0.81FSTRX Federated Mdt LargePairCorr
  0.73FSTYX Federated Short TermPairCorr
  0.8FSTBX Federated Global AllPairCorr
  0.74PIEFX Pnc Emerging MarketsPairCorr
  0.8PIGDX Pnc International GrowthPairCorr
  0.82SVALX Federated Strategic ValuePairCorr
  0.73FTIAX Federated Short TermPairCorr
  0.72FTGLX Federated Total ReturnPairCorr
  0.7FTGSX Federated Total ReturnPairCorr
  0.81SVAAX Federated Strategic ValuePairCorr
  0.8SVAIX Federated Strategic ValuePairCorr
  0.8SVACX Federated Strategic ValuePairCorr
  0.77PIUCX Pnc International EquityPairCorr
  0.77PIUIX Pnc International EquityPairCorr
  0.79RRFAX Federated Real ReturnPairCorr
  0.78RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Mid-cap 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-cap'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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