Federated Mdt Correlations

Mutual Funds . USA . 
Fund . Federated Mdt Mid Cap
FGSIX Fund  USD 65.19  0.50  0.76%   
The current 90-days correlation between Federated Mdt Mid and T Rowe Price is 0.23 (i.e., Modest 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 Mid Cap 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 Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated Mdt Mid Cap. 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 gross domestic product.

Moving together with Federated Mutual Fund

  0.69EMDIX Federated Emerging MarketPairCorr
  0.81SBFIX Federated Global AllPairCorr
  0.74STFSX Federated StrategicPairCorr
  0.77STILX Federated StrategicPairCorr
  0.76STISX Federated StrategicPairCorr
  0.81FSBCX Federated Global AllPairCorr
  0.81FSBKX Federated Global AllPairCorr
  0.88QLSGX Federated Mdt SmallPairCorr
  0.87QLSCX Federated Mdt SmallPairCorr
  0.67FSHIX Federated Short IntePairCorr
  0.69INISX Federated IntermediatePairCorr
  0.68FSHSX Federated Short IntePairCorr
  0.8FSTKX Federated Mdt LargePairCorr
  0.83FSTLX Federated Mdt LargePairCorr
  0.8FSTRX Federated Mdt LargePairCorr
  0.68FSTYX Federated Short TermPairCorr
  0.76FSTBX Federated Global AllPairCorr
  0.63PIEFX Pnc Emerging MarketsPairCorr
  0.69SVALX Federated Strategic ValuePairCorr
  0.7SVAIX Federated Strategic ValuePairCorr
  0.61FCSPX Federated Porate BondPairCorr
  0.63FULAX Federated Ultrashort BondPairCorr
  0.82VSFSX Federated Clover SmallPairCorr
  0.63FEUSX Federated GovernmentPairCorr
  0.69ISCCX Federated InternationalPairCorr
  0.74ISCIX Federated InternationalPairCorr
  0.61FGCIX Federated Short-intermediaPairCorr
  0.77FGFCX Federated InternationalPairCorr
  0.77FGFAX Federated InternationalPairCorr

Moving against Federated Mutual Fund

  0.71PIGDX Pnc International GrowthPairCorr
  0.67PIUIX Pnc International EquityPairCorr
  0.67BEARX Federated Prudent BearPairCorr
  0.67PMIEX Pnc International EquityPairCorr

Related Correlations Analysis


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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