Federated Mid-cap Correlations

Mutual Funds . USA . 
Fund . Federated Mid Cap Index
FMDCX Fund  USD 15.61  0.11  0.70%   
The current 90-days correlation between Federated Mid Cap and Federated Mdt Large is 0.93 (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

Good diversification

The correlation between Federated Mid Cap Index and DJI is -0.15 (i.e., Good 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 main economic indicators.

Moving together with Federated Mutual Fund

  0.92EMDIX Federated Emerging MarketPairCorr
  0.98QKACX Federated Mdt AllPairCorr
  0.98QKBGX Federated Mdt BalancedPairCorr
  0.97SBFIX Federated Global AllPairCorr
  0.97FRIEX Federated Hermes EmergingPairCorr
  0.88STFSX Federated StrategicPairCorr
  0.88STIAX Federated StrategicPairCorr
  0.9STILX Federated StrategicPairCorr
  0.91STISX Federated StrategicPairCorr
  0.96FRSAX Federated Floating RatePairCorr
  0.97FSBCX Federated Global AllPairCorr
  0.97FSBKX Federated Global AllPairCorr
  0.97FSBLX Federated Global AllPairCorr
  0.98QLSGX Federated Mdt SmallPairCorr
  0.99QLSCX Federated Mdt SmallPairCorr
  0.61FSGVX Federated U SPairCorr
  0.91FSHIX Federated Short-intermediaPairCorr
  0.81INISX Federated IntermediatePairCorr
  0.92FSHSX Federated Short IntePairCorr
  0.82FSILX Federated Short TermPairCorr
  0.81FSTIX Federated Short TermPairCorr
  0.98FSTKX Federated Mdt LargePairCorr
  0.98FSTLX Federated Mdt LargePairCorr
  0.98FSTRX Federated Mdt LargePairCorr
  0.82FSTYX Federated Short TermPairCorr
  0.97FSTBX Federated Global AllPairCorr
  0.64PIGDX Pnc International GrowthPairCorr
  0.9SVALX Federated Strategic ValuePairCorr
  0.81FTIAX Federated Short TermPairCorr
  0.9SVAAX Federated Strategic ValuePairCorr
  0.9SVAIX Federated Strategic ValuePairCorr
  0.9SVACX Federated Strategic ValuePairCorr
  0.95PIUCX Pnc International EquityPairCorr
  0.95PIUIX 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-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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