Federated Mdt Correlations

QLSGX Fund  USD 28.88  0.16  0.55%   
The current 90-days correlation between Federated Mdt Small and T Rowe Price is 0.83 (i.e., Very poor 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

Good diversification

The correlation between Federated Mdt Small and DJI is -0.15 (i.e., Good 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 price.

Moving together with Federated Mutual Fund

  0.66EMDIX Federated Emerging MarketPairCorr
  0.83QKACX Federated Mdt AllPairCorr
  0.83QKBGX Federated Mdt BalancedPairCorr
  0.84SBFIX Federated Global AllPairCorr
  0.82FRIEX Federated Hermes EmergingPairCorr
  0.78STIAX Federated StrategicPairCorr
  0.8STILX Federated StrategicPairCorr
  0.92STISX Federated StrategicPairCorr
  0.72FRSAX Federated Floating RatePairCorr
  0.71FSBCX Federated Global AllPairCorr
  0.99FSBKX Federated Global AllPairCorr
  0.71FSBLX Federated Global AllPairCorr
  0.99QLSCX Federated Mdt SmallPairCorr
  0.65FSGVX Federated U SPairCorr
  0.94FSHIX Federated Short-intermediaPairCorr
  0.84INISX Federated IntermediatePairCorr
  0.95FSHSX Federated Short IntePairCorr
  0.67FSILX Federated Short TermPairCorr
  0.68FSTIX Federated Short TermPairCorr
  0.99FSTKX Federated Mdt LargePairCorr
  0.83FSTLX Federated Mdt LargePairCorr
  0.99FSTRX Federated Mdt LargePairCorr
  0.69FSTYX Federated Short TermPairCorr
  0.99FSTBX Federated Global AllPairCorr
  0.68PIEFX Pnc Emerging MarketsPairCorr
  0.62PIGDX Pnc International GrowthPairCorr
  0.64SVALX Federated Strategic ValuePairCorr
  0.69FTIAX Federated Short TermPairCorr
  0.64SVAAX Federated Strategic ValuePairCorr
  0.74SVAIX Federated Strategic ValuePairCorr
  0.9SVACX Federated Strategic ValuePairCorr
  0.96PIUCX Pnc International EquityPairCorr
  0.96PIUIX Pnc International EquityPairCorr

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.