Federated Mdt Correlations

QKACX Fund

USD 41.59 0.42 1.02%

The current 90-days correlation between Federated Mdt All and Us Government Plus is 0.03 (i.e., Significant diversification). The correlation of Federated Mdt 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 Mdt Correlation With Market

Almost no diversification

The correlation between Federated Mdt All and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt All and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Federated Mdt All. 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

0.95	SBFIX	Federated Global All	Pair Corr
0.96	FSBCX	Federated Global All	Pair Corr
0.96	FSBKX	Federated Global All	Pair Corr
0.97	QLSCX	Federated Mdt Small	Pair Corr
0.93	FSTLX	Federated Mdt Large	Pair Corr
0.93	FSTRX	Federated Mdt Large	Pair Corr
0.96	FSTBX	Federated Global All	Pair Corr
0.61	PIGDX	Pnc International Growth	Pair Corr
0.98	VSFAX	Federated Clover Small	Pair Corr
0.98	VSFIX	Federated Clover Small	Pair Corr
0.98	VSFRX	Federated Clover Small	Pair Corr
0.97	FGSCX	Federated Mdt Mid	Pair Corr
0.97	FGSKX	Federated Mdt Mid	Pair Corr
0.97	FGSIX	Federated Mdt Mid	Pair Corr
0.93	QAACX	Federated Mdt All	Pair Corr
0.99	QALGX	Federated Mdt Large	Pair Corr
0.66	FHBRX	Federated High Income	Pair Corr
0.95	FHESX	Federated Hermes Sdg	Pair Corr

Moving against Federated Mutual Fund

0.72	FEUGX	Federated Adjustable Rate	Pair Corr
0.71	FULLX	Federated Hermes Ult	Pair Corr
0.58	FGCAX	Federated Short Inte	Pair Corr
0.52	FTRBX	Federated Total Return	Pair Corr
0.5	FTRKX	Federated Total Return	Pair Corr
0.5	FCBRX	Federated Hermes	Pair Corr
0.48	FUSCX	Federated Fund For	Pair Corr
0.77	FHCOX	Federated Hermes Con	Pair Corr
0.77	FIGKX	Federated U S	Pair Corr
0.76	FIGTX	Federated U S	Pair Corr
0.62	FIPRX	Federated Hermes Inf	Pair Corr
0.54	FITSX	Federated Government	Pair Corr
0.53	FICMX	Federated Government	Pair Corr
0.46	ICBRX	Federated Hermes Int	Pair Corr

Related Correlations Analysis

	GVPIX	RGVAX	CGTCX	RYAQX	GCMVX	ACASX	JHSFX
GVPIX		0.86	0.87	-0.9	0.72	0.96	0.73	GVPIX
RGVAX	0.86		1.0	-0.82	0.38	0.95	0.42	RGVAX
CGTCX	0.87	1.0		-0.82	0.39	0.96	0.44	CGTCX
RYAQX	-0.9	-0.82	-0.82		-0.69	-0.89	-0.76	RYAQX
GCMVX	0.72	0.38	0.39	-0.69		0.58	0.87	GCMVX
ACASX	0.96	0.95	0.96	-0.89	0.58		0.61	ACASX
JHSFX	0.73	0.42	0.44	-0.76	0.87	0.61		JHSFX
	GVPIX	RGVAX	CGTCX	RYAQX	GCMVX	ACASX	JHSFX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CGTCX	+ 1.0	RGVAX
ACASX	+ 0.96	GVPIX
ACASX	+ 0.96	CGTCX
ACASX	+ 0.95	RGVAX
CGTCX	+ 0.87	GVPIX
JHSFX	+ 0.87	GCMVX

High negative correlations

RYAQX	- 0.9	GVPIX
ACASX	- 0.89	RYAQX
RYAQX	- 0.82	CGTCX
RYAQX	- 0.82	RGVAX
JHSFX	- 0.76	RYAQX
GCMVX	- 0.69	RYAQX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Mdt 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 Mdt'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
GVPIX	0.90	0.06	0.08	0.76	1.22	(0.91)	1.93	(1.69)	5.97
RGVAX	0.30	0.05	0.30	(0.96)	0.21	(0.36)	0.68	(0.51)	1.87
CGTCX	0.30	0.05	0.28	(0.92)	0.22	(0.35)	0.76	(0.51)	1.83
RYAQX	0.72	(0.02)	0.00	(0.19)	0.00	0.00	1.41	(1.55)	3.35
GCMVX	0.17	(0.02)	0.00	0.30	0.00	0.00	0.40	(0.71)	1.73
ACASX	0.29	0.00	0.18	0.00	0.31	(0.35)	0.66	(0.66)	2.11
JHSFX	0.18	(0.03)	0.00	0.70	0.00	0.00	0.30	(0.80)	1.92

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