Federated Mdt Correlations

Mutual Funds . USA . 
Fund . Federated Mdt Small
QLSCX Fund  USD 28.31  0.23  0.81%   
The current 90-days correlation between Federated Mdt Small and Victory Integrity Discovery is 0.95 (i.e., Almost no 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

Very poor diversification

The correlation between Federated Mdt Small and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt Small 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 Small. 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

  0.94QKACX Federated Mdt AllPairCorr
  0.95QKBGX Federated Mdt BalancedPairCorr
  0.84SBFIX Federated Global AllPairCorr
  0.62FRIEX Federated Hermes EmergingPairCorr
  0.76FRSAX Federated Floating RatePairCorr
  0.82FSBCX Federated Global AllPairCorr
  0.83FSBKX Federated Global AllPairCorr
  0.84FSBLX Federated Global AllPairCorr
  1.0QLSGX Federated Mdt SmallPairCorr
  0.93FSTKX Federated Mdt LargePairCorr
  0.93FSTLX Federated Mdt LargePairCorr
  0.93FSTRX Federated Mdt LargePairCorr
  0.83FSTBX Federated Global AllPairCorr
  0.64PIEFX Pnc Emerging MarketsPairCorr
  0.66SVALX Federated Strategic ValuePairCorr
  0.65SVAAX Federated Strategic ValuePairCorr
  0.7SVAIX Federated Strategic ValuePairCorr
  0.64SVACX Federated Strategic ValuePairCorr

Moving against Federated Mutual Fund

  0.52FTGLX Federated Total ReturnPairCorr
  0.49FTIBX Federated Global TotalPairCorr
  0.46FTIIX Federated Global TotalPairCorr
  0.56FTGSX Federated Total ReturnPairCorr
  0.52FTRGX Federated Total ReturnPairCorr
  0.5FCBRX Federated HermesPairCorr
  0.46FTRKX Federated Total ReturnPairCorr
  0.44FTRFX Federated Total ReturnPairCorr
  0.42FTRBX Federated Total ReturnPairCorr

Related Correlations Analysis

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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.

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