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

  0.64STIAX Federated StrategicPairCorr
  0.65STILX Federated StrategicPairCorr
  0.89FSGVX Federated U SPairCorr
  0.84FSGIX Federated Gov SecPairCorr
  0.67FSTIX Federated Short TermPairCorr
  0.72FTIAX Federated Short TermPairCorr
  1.0FTGLX Federated Total ReturnPairCorr
  0.99FTGSX Federated Total ReturnPairCorr
  0.91RRFAX Federated Real ReturnPairCorr
  0.9RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis

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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.