Federated Total Correlations

FTRGX Fund

USD 9.33 0.01 0.11%

The current 90-days correlation between Federated Total Return and Pax Balanced Fund is 0.06 (i.e., Significant diversification). The correlation of Federated Total 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 Total Correlation With Market

Significant diversification

The correlation between Federated Total Return and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Total Return 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 Total Return. 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 price.

Moving together with Federated Mutual Fund

0.64	STIAX	Federated Strategic	Pair Corr
0.65	STILX	Federated Strategic	Pair Corr
0.89	FSGVX	Federated U S	Pair Corr
0.84	FSGIX	Federated Gov Sec	Pair Corr
0.67	FSTIX	Federated Short Term	Pair Corr
0.72	FTIAX	Federated Short Term	Pair Corr
1.0	FTGLX	Federated Total Return	Pair Corr
0.99	FTGSX	Federated Total Return	Pair Corr
0.91	RRFAX	Federated Real Return	Pair Corr
0.9	RRFCX	Federated Real Return	Pair Corr

Related Correlations Analysis

	PAXIX	MGEMX	HIACX	ABTIX	PGBIX
PAXIX		0.98	0.88	0.51	0.9	PAXIX
MGEMX	0.98		0.85	0.41	0.83	MGEMX
HIACX	0.88	0.85		0.42	0.8	HIACX
ABTIX	0.51	0.41	0.42		0.8	ABTIX
PGBIX	0.9	0.83	0.8	0.8		PGBIX
	PAXIX	MGEMX	HIACX	ABTIX	PGBIX

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Total 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 Total'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
PAXIX	0.32	0.04	(0.18)	0.34	0.00	(0.36)	0.86	(0.53)	2.65
MGEMX	0.51	0.12	(0.05)	0.57	0.11	(0.63)	1.42	(0.63)	4.56
HIACX	0.52	0.23	(0.04)	(2.08)	0.23	(0.61)	1.11	(0.79)	4.87
ABTIX	0.26	0.00	(0.65)	0.06	0.29	(0.29)	0.54	(0.54)	1.30
PGBIX	0.17	0.01	(0.83)	0.48	0.00	(0.23)	0.32	(0.32)	0.94

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Federated Total Correlations

Federated Total Correlation With Market

Significant diversification

Moving together with Federated Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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