Federated Total Correlations

FTGSX Fund

USD 9.58 0.03 0.31%

The current 90-days correlation between Federated Total Return and Blackrock Munivest is 0.14 (i.e., Average 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

Very weak diversification

The correlation between Federated Total Return and DJI is 0.59 (i.e., Very weak 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 producer price index.

Moving together with Federated Mutual Fund

0.67	EMDIX	Federated Emerging Market	Pair Corr
0.64	SBFIX	Federated Global All	Pair Corr
0.76	STIAX	Federated Strategic	Pair Corr
0.76	STILX	Federated Strategic	Pair Corr
0.62	FSBLX	Federated Global All	Pair Corr
0.72	FSHIX	Federated Short-intermedia	Pair Corr
0.88	INISX	Federated Intermediate	Pair Corr
0.61	FSTBX	Federated Global All	Pair Corr
0.7	SVALX	Federated Strategic Value	Pair Corr
0.69	FTIAX	Federated Short Term	Pair Corr
0.98	FTGLX	Federated Total Return	Pair Corr
0.7	SVAAX	Federated Strategic Value	Pair Corr
0.7	SVACX	Federated Strategic Value	Pair Corr
0.69	RRFAX	Federated Real Return	Pair Corr
0.82	RRFIX	Federated Real Return	Pair Corr
0.94	FTRBX	Federated Total Return	Pair Corr
0.96	FTRFX	Federated Total Return	Pair Corr

Moving against Federated Mutual Fund

0.35	PIGDX	Pnc International Growth	Pair Corr
0.51	PIUIX	Pnc International Equity	Pair Corr
0.37	PIUCX	Pnc International Equity	Pair Corr

Related Correlations Analysis

	SILVX	SDVGX	ADNPX	RYVFX	DOPIX	SDVSX	BIPIX	SIMYX	HEIFX	MVT
SILVX		0.86	-0.27	0.84	0.9	0.85	0.74	0.91	0.74	0.85	SILVX
SDVGX	0.86		-0.09	0.9	0.78	1.0	0.71	0.8	0.84	0.7	SDVGX
ADNPX	-0.27	-0.09		-0.17	-0.2	-0.09	0.15	-0.46	-0.02	-0.44	ADNPX
RYVFX	0.84	0.9	-0.17		0.88	0.9	0.74	0.86	0.92	0.73	RYVFX
DOPIX	0.9	0.78	-0.2	0.88		0.78	0.74	0.93	0.84	0.84	DOPIX
SDVSX	0.85	1.0	-0.09	0.9	0.78		0.71	0.8	0.84	0.7	SDVSX
BIPIX	0.74	0.71	0.15	0.74	0.74	0.71		0.59	0.77	0.47	BIPIX
SIMYX	0.91	0.8	-0.46	0.86	0.93	0.8	0.59		0.77	0.9	SIMYX
HEIFX	0.74	0.84	-0.02	0.92	0.84	0.84	0.77	0.77		0.67	HEIFX
MVT	0.85	0.7	-0.44	0.73	0.84	0.7	0.47	0.9	0.67		MVT
	SILVX	SDVGX	ADNPX	RYVFX	DOPIX	SDVSX	BIPIX	SIMYX	HEIFX	MVT

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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

SDVSX	+ 1.0	SDVGX
SIMYX	+ 0.93	DOPIX
HEIFX	+ 0.92	RYVFX
SIMYX	+ 0.91	SILVX
DOPIX	+ 0.9	SILVX
RYVFX	+ 0.9	SDVGX

High negative correlations

SIMYX	- 0.46	ADNPX
MVT	- 0.44	ADNPX
ADNPX	- 0.27	SILVX
DOPIX	- 0.2	ADNPX
RYVFX	- 0.17	ADNPX
SDVSX	- 0.09	ADNPX

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
SILVX	0.48	0.07	0.07	0.20	0.39	(0.58)	1.21	(0.81)	2.82
SDVGX	0.64	0.15	0.15	0.34	0.54	(0.75)	1.01	(1.27)	11.18
ADNPX	1.67	(0.32)	0.00	(0.14)	0.00	0.00	3.20	(3.69)	9.90
RYVFX	0.95	0.24	0.28	0.25	0.47	(1.32)	2.35	(1.27)	12.98
DOPIX	0.88	0.16	0.16	0.20	0.70	(1.05)	2.49	(1.49)	4.70
SDVSX	0.64	0.15	0.15	0.34	0.51	(0.75)	1.01	(1.21)	11.34
BIPIX	1.94	0.18	0.08	0.21	2.10	(2.14)	4.29	(3.27)	10.98
SIMYX	0.44	0.16	0.25	0.46	0.00	(0.55)	0.99	(0.69)	2.08
HEIFX	0.60	0.24	0.36	0.56	0.00	(0.79)	0.87	(0.70)	14.21
MVT	0.40	0.00	(0.02)	0.00	0.48	(0.42)	0.76	(0.86)	2.85

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