Federated Total Correlations

FTGLX Fund

USD 9.58 0.02 0.21%

The current 90-days correlation between Federated Total Return and Adams Diversified Equity is 0.05 (i.e., Significant diversification). The correlation of Federated Total 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 Total Correlation With Market

Poor diversification

The correlation between Federated Total Return and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Total Return 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 Total Return. 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 board of governors.

Moving together with Federated Mutual Fund

0.62	FRIEX	Federated Hermes Emerging	Pair Corr
0.69	FSBCX	Federated Global All	Pair Corr
0.69	FSBKX	Federated Global All	Pair Corr
0.77	FSHSX	Federated Short Inte	Pair Corr
0.79	FSILX	Federated Short Term	Pair Corr
0.8	FSTIX	Federated Short Term	Pair Corr
0.8	FSTYX	Federated Short Term	Pair Corr
0.67	FSTBX	Federated Global All	Pair Corr
0.62	PIEFX	Pnc Emerging Markets	Pair Corr
0.74	SVALX	Federated Strategic Value	Pair Corr
0.75	FTIAX	Federated Short Term	Pair Corr
0.98	FTGSX	Federated Total Return	Pair Corr
0.73	SVAAX	Federated Strategic Value	Pair Corr
0.74	SVAIX	Federated Strategic Value	Pair Corr
0.73	SVACX	Federated Strategic Value	Pair Corr
0.64	RRFAX	Federated Real Return	Pair Corr
0.76	RRFIX	Federated Real Return	Pair Corr

Moving against Federated Mutual Fund

0.53	PIGDX	Pnc International Growth	Pair Corr
0.56	PIUCX	Pnc International Equity	Pair Corr
0.56	PIUIX	Pnc International Equity	Pair Corr

Related Correlations Analysis

	WMCVX	RTOUX	MDBLX	JDJRX	USCAX	PLHTX	ADX
WMCVX		0.95	0.83	0.58	0.95	0.98	0.77	WMCVX
RTOUX	0.95		0.85	0.52	0.93	0.92	0.7	RTOUX
MDBLX	0.83	0.85		0.72	0.74	0.82	0.75	MDBLX
JDJRX	0.58	0.52	0.72		0.38	0.56	0.63	JDJRX
USCAX	0.95	0.93	0.74	0.38		0.93	0.66	USCAX
PLHTX	0.98	0.92	0.82	0.56	0.93		0.84	PLHTX
ADX	0.77	0.7	0.75	0.63	0.66	0.84		ADX
	WMCVX	RTOUX	MDBLX	JDJRX	USCAX	PLHTX	ADX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Total 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 Total'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
WMCVX	1.01	0.19	0.19	0.21	0.66	(1.18)	2.43	(1.75)	8.98
RTOUX	0.76	0.08	0.09	0.14	0.69	(0.82)	2.08	(1.53)	4.52
MDBLX	0.13	0.02	(0.20)	0.57	0.00	(0.18)	0.24	(0.24)	0.60
JDJRX	0.41	0.01	(0.07)	0.08	0.44	(0.49)	0.94	(0.81)	2.24
USCAX	0.87	0.20	0.20	0.27	0.59	(1.10)	2.13	(1.52)	7.96
PLHTX	0.58	0.05	0.05	0.13	0.63	(0.63)	1.21	(1.36)	5.21
ADX	0.63	0.03	0.00	0.13	0.65	(0.67)	1.44	(1.16)	3.00

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