Federated Kaufmann Correlations

FKCSX Fund

USD 33.44 0.41 1.21%

The correlation of Federated Kaufmann 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 Kaufmann Correlation With Market

Very poor diversification

The correlation between Federated Kaufmann Small and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Kaufmann Small 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 Kaufmann 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

0.82	EMDIX	Federated Emerging Market	Pair Corr
0.89	QKACX	Federated Mdt All	Pair Corr
0.92	QKBGX	Federated Mdt Balanced	Pair Corr
0.79	SBFIX	Federated Global All	Pair Corr
0.83	STFSX	Federated Strategic	Pair Corr
0.84	STIAX	Federated Strategic	Pair Corr
0.84	STILX	Federated Strategic	Pair Corr
0.83	STISX	Federated Strategic	Pair Corr
0.8	FRSAX	Federated Floating Rate	Pair Corr
0.78	FSBCX	Federated Global All	Pair Corr
0.78	FSBKX	Federated Global All	Pair Corr
0.74	FSBLX	Federated Global All	Pair Corr
0.87	QLSGX	Federated Mdt Small	Pair Corr
0.91	QLSCX	Federated Mdt Small	Pair Corr
0.79	FSHIX	Federated Short Inte	Pair Corr
0.66	INISX	Federated Intermediate	Pair Corr
0.79	FSHSX	Federated Short Inte	Pair Corr
0.84	FSILX	Federated Short Term	Pair Corr
0.81	FSTIX	Federated Short Term	Pair Corr
0.91	FSTKX	Federated Mdt Large	Pair Corr
0.92	FSTLX	Federated Mdt Large	Pair Corr
0.91	FSTRX	Federated Mdt Large	Pair Corr
0.85	FSTYX	Federated Short Term	Pair Corr
0.78	FSTBX	Federated Global All	Pair Corr
0.9	SVALX	Federated Strategic Value	Pair Corr
0.82	FTIAX	Federated Short Term	Pair Corr
0.88	SVAAX	Federated Strategic Value	Pair Corr
0.88	SVAIX	Federated Strategic Value	Pair Corr
0.88	SVACX	Federated Strategic Value	Pair Corr

Moving against Federated Mutual Fund

0.76	PIGDX	Pnc International Growth	Pair Corr
0.7	PIUCX	Pnc International Equity	Pair Corr
0.7	PIUIX	Pnc International Equity	Pair Corr
0.61	RRFCX	Federated Real Return	Pair Corr
0.48	RRFIX	Federated Real Return	Pair Corr
0.47	RRFAX	Federated Real Return	Pair Corr

Related Correlations Analysis

	TRGXX	PBHXX	EMDQX	PCEXX	IMLXX	JHMXX	0P000070L2	FZDXX
TRGXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TRGXX
PBHXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PBHXX
EMDQX	0.0	0.0		0.0	0.0	0.0	0.84	0.0	EMDQX
PCEXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PCEXX
IMLXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	IMLXX
JHMXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	JHMXX
0P000070L2	0.0	0.0	0.84	0.0	0.0	0.0		0.0	0P000070L2
FZDXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FZDXX
	TRGXX	PBHXX	EMDQX	PCEXX	IMLXX	JHMXX	0P000070L2	FZDXX

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

0P000070L2	+ 0.84	EMDQX
PBHXX	+ 0.0	TRGXX
EMDQX	+ 0.0	TRGXX
PCEXX	+ 0.0	TRGXX
IMLXX	+ 0.0	TRGXX
JHMXX	+ 0.0	TRGXX

High negative correlations

FZDXX	- 0.0	0P000070L2
FZDXX	- 0.0	JHMXX
0P000070L2	- 0.0	JHMXX
FZDXX	- 0.0	IMLXX
0P000070L2	- 0.0	IMLXX
JHMXX	- 0.0	IMLXX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Kaufmann 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 Kaufmann'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRGXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBHXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EMDQX	0.21	0.06	(0.01)	0.60	(0.31)	0.60	(0.40)	1.20
PCEXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMLXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
0P000070L2	0.03	0.00	0.00	0.63	0.00	0.00	0.00	0.40
FZDXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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