Federated Capital Correlations

CAPAX Fund

USD 8.89 0.04 0.45%

The current 90-days correlation between Federated Capital Income and Furyax is 0.04 (i.e., Significant diversification). The correlation of Federated Capital 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 Capital Correlation With Market

Weak diversification

The correlation between Federated Capital Income and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Capital Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Federated Capital Income. 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 nation.

Moving together with Federated Mutual Fund

0.77	EMDIX	Federated Emerging Market	Pair Corr
0.93	SBFIX	Federated Global All	Pair Corr
0.91	STFSX	Federated Strategic	Pair Corr
0.91	STIAX	Federated Strategic	Pair Corr
0.92	STILX	Federated Strategic	Pair Corr
0.92	STISX	Federated Strategic	Pair Corr
0.9	FSBCX	Federated Global All	Pair Corr
0.91	FSBKX	Federated Global All	Pair Corr
0.93	FSBLX	Federated Global All	Pair Corr
0.82	QLSGX	Federated Mdt Small	Pair Corr
0.8	QLSCX	Federated Mdt Small	Pair Corr
0.72	FSHIX	Federated Short Inte	Pair Corr
0.72	FSHSX	Federated Short-intermedia	Pair Corr
0.61	FSTYX	Federated Short Term	Pair Corr
0.92	FSTBX	Federated Global All	Pair Corr

Related Correlations Analysis

	FURYAX	FWNHTX	HDCAX	LMUSX	FUHKBX	WABMSX	FLAKQX
FURYAX		0.18	0.17	0.4	0.61	0.74	0.74	FURYAX
FWNHTX	0.18		-0.14	0.37	0.5	0.38	0.55	FWNHTX
HDCAX	0.17	-0.14		0.61	0.17	0.17	0.03	HDCAX
LMUSX	0.4	0.37	0.61		0.44	0.47	0.42	LMUSX
FUHKBX	0.61	0.5	0.17	0.44		0.67	0.58	FUHKBX
WABMSX	0.74	0.38	0.17	0.47	0.67		0.76	WABMSX
FLAKQX	0.74	0.55	0.03	0.42	0.58	0.76		FLAKQX
	FURYAX	FWNHTX	HDCAX	LMUSX	FUHKBX	WABMSX	FLAKQX

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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

FLAKQX	+ 0.76	WABMSX
WABMSX	+ 0.74	FURYAX
FLAKQX	+ 0.74	FURYAX
WABMSX	+ 0.67	FUHKBX
FUHKBX	+ 0.61	FURYAX
LMUSX	+ 0.61	HDCAX

High negative correlations

HDCAX

- 0.14

FWNHTX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Capital 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 Capital'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
FURYAX	0.54	0.22	0.16	(27.46)	0.34	(0.74)	1.21	(1.31)	2.27
FWNHTX	0.02	0.00	(3.12)	0.00	0.00	(0.03)	0.07	(0.04)	0.12
HDCAX	0.49	0.05	(0.02)	0.28	0.53	(0.56)	0.95	(0.83)	3.80
LMUSX	0.74	0.00	(0.03)	0.09	1.19	(0.70)	1.27	(1.59)	6.30
FUHKBX	0.53	0.12	0.07	0.95	0.46	(0.61)	1.11	(0.72)	2.32
WABMSX	0.51	0.16	0.12	1.31	0.39	(0.62)	1.13	(0.86)	2.33
FLAKQX	0.70	0.12	0.03	1.56	0.93	(0.81)	1.20	(1.19)	3.60

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