Federated Mdt Correlations

QKACX Fund

USD 44.43 0.45 1.02%

The current 90-days correlation between Federated Mdt All and Short Oil Gas is -0.81 (i.e., Pay attention - limited upside). 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 0.96 (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

0.62	EMDIX	Federated Emerging Market	Pair Corr
0.97	SBFIX	Federated Global All	Pair Corr
0.9	FSBCX	Federated Global All	Pair Corr
0.96	FSTLX	Federated Mdt Large	Pair Corr
0.96	FSTRX	Federated Mdt Large	Pair Corr
0.97	FSTBX	Federated Global All	Pair Corr
0.69	PIEFX	Pnc Emerging Markets	Pair Corr
0.74	PIGDX	Pnc International Growth	Pair Corr
0.65	PMIEX	Pnc International Equity	Pair Corr
0.92	FGSCX	Federated Mdt Mid	Pair Corr
0.96	FGSAX	Federated Mdt Mid	Pair Corr
0.96	FGSKX	Federated Mdt Mid	Pair Corr
0.64	SINCX	Federated Strategic	Pair Corr
0.99	QALGX	Federated Mdt Large	Pair Corr
0.66	FHIIX	Federated High Income	Pair Corr
0.88	FHTIX	Federated High Yield	Pair Corr
0.91	FHUMX	Federated Hermes Smid	Pair Corr
0.93	KLCKX	Federated Kaufmann Large	Pair Corr
0.98	KLCIX	Federated Kaufmann Large	Pair Corr
0.86	FHYLX	Federated High Yield	Pair Corr
0.63	FIMYX	Federated Intermediate	Pair Corr
0.99	FISPX	Federated Max Cap	Pair Corr
0.97	FKASX	Federated Kaufmann Small	Pair Corr
0.93	FKALX	Federated Kaufmann Small	Pair Corr
0.97	FKCSX	Federated Kaufmann Small	Pair Corr
0.93	FKKSX	Federated Kaufmann Small	Pair Corr

Moving against Federated Mutual Fund

0.82	FGUAX	Federated Government	Pair Corr
0.78	FULAX	Federated Ultrashort Bond	Pair Corr
0.76	FSTYX	Federated Short Term	Pair Corr
0.66	FHCOX	Federated Hermes Con	Pair Corr
0.42	ICBRX	Federated Hermes Int	Pair Corr
0.4	FTRBX	Federated Total Return	Pair Corr
0.36	FTRFX	Federated Total Return	Pair Corr
0.99	PBRIX	Federated Prudent Bear	Pair Corr
0.56	FIPRX	Federated Hermes Inf	Pair Corr
0.5	FICMX	Federated Government	Pair Corr
0.41	FITSX	Federated Government	Pair Corr

Related Correlations Analysis

	SNPIX	GRHAX	XGNTX	PNRCX	PSPFX	AIWEX
SNPIX		-0.57	-0.14	-0.73	-0.35	-0.73	SNPIX
GRHAX	-0.57		0.57	0.96	0.93	0.72	GRHAX
XGNTX	-0.14	0.57		0.44	0.73	0.26	XGNTX
PNRCX	-0.73	0.96	0.44		0.83	0.84	PNRCX
PSPFX	-0.35	0.93	0.73	0.83		0.52	PSPFX
AIWEX	-0.73	0.72	0.26	0.84	0.52		AIWEX
	SNPIX	GRHAX	XGNTX	PNRCX	PSPFX	AIWEX

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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

PNRCX	+ 0.96	GRHAX
PSPFX	+ 0.93	GRHAX
AIWEX	+ 0.84	PNRCX
PSPFX	+ 0.83	PNRCX
PSPFX	+ 0.73	XGNTX
AIWEX	+ 0.72	GRHAX

High negative correlations

AIWEX	- 0.73	SNPIX
PNRCX	- 0.73	SNPIX
GRHAX	- 0.57	SNPIX
PSPFX	- 0.35	SNPIX
XGNTX	- 0.14	SNPIX

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
SNPIX	1.50	(0.02)	0.14	(0.10)	1.65	(2.03)	3.44	(2.36)	16.35
GRHAX	1.50	0.14	0.05	0.01	2.48	(1.47)	2.67	(3.31)	12.92
XGNTX	0.73	0.07	0.14	(2.30)	1.27	(0.82)	1.42	(1.08)	7.92
PNRCX	1.42	0.11	0.00	(0.02)	0.00	0.00	2.16	(3.53)	11.43
PSPFX	1.05	0.12	0.09	0.04	1.60	(1.12)	1.91	(2.21)	8.72
AIWEX	1.53	(0.07)	0.00	1.49	0.00	0.00	2.23	(3.38)	12.24

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