Federated Max-cap Correlations

Mutual Funds . USA . 
Fund . Federated Max Cap Index
FMXSX Fund  USD 7.18  0.03  0.42%   
The current 90-days correlation between Federated Max Cap and Franklin Moderate Allocation is 0.98 (i.e., Almost no diversification). The correlation of Federated Max-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 Max-cap Correlation With Market

Almost no diversification

The correlation between Federated Max Cap Index and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Max 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 Max 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 state.

Moving together with Federated Mutual Fund

  0.63EMDIX Federated Emerging MarketPairCorr
  0.94SBFIX Federated Global AllPairCorr
  0.62STFSX Federated StrategicPairCorr
  0.95FSBCX Federated Global AllPairCorr
  0.95FSTLX Federated Mdt LargePairCorr
  0.95FSTRX Federated Mdt LargePairCorr
  0.94FSTBX Federated Global AllPairCorr
  0.71PIEFX Pnc Emerging MarketsPairCorr
  0.73PIGDX Pnc International GrowthPairCorr
  0.63PMIEX Pnc International EquityPairCorr
  0.85FGSCX Federated Mdt MidPairCorr
  0.91FGSAX Federated Mdt MidPairCorr
  0.91FGSKX Federated Mdt MidPairCorr
  0.66SINCX Federated StrategicPairCorr
  0.96QALGX Federated Mdt LargePairCorr
  0.71FHIIX Federated High IncomePairCorr
  0.84FHTIX Federated High YieldPairCorr
  0.95FHUMX Federated Hermes SmidPairCorr
  0.93KLCKX Federated Kaufmann LargePairCorr
  0.94KLCIX Federated Kaufmann LargePairCorr
  0.83FHYLX Federated High YieldPairCorr
  0.64FIMYX Federated IntermediatePairCorr
  0.98FISPX Federated Max CapPairCorr
  0.91FKASX Federated Kaufmann SmallPairCorr
  0.83FKALX Federated Kaufmann SmallPairCorr
  0.92FKCSX Federated Kaufmann SmallPairCorr
  0.91FKKSX Federated Kaufmann SmallPairCorr

Moving against Federated Mutual Fund

  0.79FULAX Federated Ultrashort BondPairCorr
  0.77FGUAX Federated GovernmentPairCorr
  0.69FHCOX Federated Hermes ConPairCorr
  0.66FSTYX Federated Short TermPairCorr
  0.36FTRBX Federated Total ReturnPairCorr
  0.35ICBRX Federated Hermes IntPairCorr
  0.32FTRFX Federated Total ReturnPairCorr
  0.97PBRIX Federated Prudent BearPairCorr
  0.52FIPRX Federated Hermes InfPairCorr
  0.37FITSX Federated GovernmentPairCorr
  0.34FICMX Federated GovernmentPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Max-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 Max-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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY