Federated Capital Correlations

CAPAX Fund

USD 9.42 0.04 0.42%

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

Very poor diversification

The correlation between Federated Capital Income and DJI is 0.84 (i.e., Very poor 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

0.67	VWIAX	Vanguard Wellesley Income	Pair Corr
0.73	VWINX	Vanguard Wellesley Income	Pair Corr
0.66	BKMIX	Blackrock Multi Asset	Pair Corr
0.69	HBLTX	Hartford Balanced	Pair Corr
0.69	HBLRX	Hartford Balanced	Pair Corr
0.69	HBLSX	Hartford Balanced	Pair Corr
0.69	HBLVX	Hartford Balanced	Pair Corr
0.72	HBLFX	Hartford Balanced	Pair Corr
0.69	HBLYX	Hartford Balanced	Pair Corr
0.68	HBLCX	Hartford Balanced	Pair Corr
0.78	FRDPX	Franklin Rising Dividends	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr

Moving against Federated Mutual Fund

0.46	PG	Procter Gamble	Pair Corr
0.33	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	RHYTX	PYRLX	DMHIX	IPHYX	JYHRX	JDHYX	GHVIX	FHTIX
RHYTX		0.45	0.91	0.36	0.54	0.44	0.48	0.33	RHYTX
PYRLX	0.45		0.57	0.92	0.94	0.89	0.97	0.94	PYRLX
DMHIX	0.91	0.57		0.45	0.62	0.54	0.59	0.49	DMHIX
IPHYX	0.36	0.92	0.45		0.87	0.89	0.92	0.91	IPHYX
JYHRX	0.54	0.94	0.62	0.87		0.89	0.92	0.91	JYHRX
JDHYX	0.44	0.89	0.54	0.89	0.89		0.9	0.96	JDHYX
GHVIX	0.48	0.97	0.59	0.92	0.92	0.9		0.94	GHVIX
FHTIX	0.33	0.94	0.49	0.91	0.91	0.96	0.94		FHTIX
	RHYTX	PYRLX	DMHIX	IPHYX	JYHRX	JDHYX	GHVIX	FHTIX

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
RHYTX	0.07	0.02	(0.37)	2.26	0.00	(0.13)	0.21	(0.10)	0.42
PYRLX	0.11	0.00	(0.34)	0.19	0.05	(0.14)	0.24	(0.24)	0.94
DMHIX	0.10	0.02	(0.26)	(1.73)	0.00	(0.17)	0.30	(0.10)	0.91
IPHYX	0.12	0.01	(0.33)	0.57	0.00	(0.19)	0.34	(0.23)	0.79
JYHRX	0.09	0.00	(0.25)	0.09	0.00	(0.16)	0.15	(0.15)	0.91
JDHYX	0.16	0.00	(0.28)	0.05	0.11	(0.21)	0.40	(0.27)	0.81
GHVIX	0.12	0.01	(0.33)	0.32	0.00	(0.16)	0.29	(0.23)	0.77
FHTIX	0.15	(0.01)	(0.28)	0.04	0.10	(0.22)	0.31	(0.31)	0.78

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