Federated Kaufmann Correlations

KLCIX Fund

USD 19.01 0.01 0.05%

The current 90-days correlation between Federated Kaufmann Large and Federated Strategic Value is 0.37 (i.e., Weak diversification). 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

Modest diversification

The correlation between Federated Kaufmann Large and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Kaufmann Large and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Federated Kaufmann Large. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Federated Mutual Fund

0.61	FAFGX	American Funds	Pair Corr
0.61	FFAFX	American Funds	Pair Corr
0.66	GFACX	Growth Fund	Pair Corr
0.62	CGFFX	Growth Fund	Pair Corr
0.66	CGFCX	Growth Fund	Pair Corr
0.62	CGFAX	Growth Fund	Pair Corr
0.63	CGFEX	Growth Fund	Pair Corr
0.62	RGAEX	Growth Fund	Pair Corr
0.61	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.81	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.84	INTC	Intel	Pair Corr
0.68	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.79	TRV	The Travelers Companies	Pair Corr

Moving against Federated Mutual Fund

0.33	AGTHX	Growth Fund	Pair Corr
0.77	BA	Boeing	Pair Corr
0.37	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	SVAIX	FKAIX	FGFLX	FMSTX	FTRBX
SVAIX		0.92	0.69	0.9	0.42	SVAIX
FKAIX	0.92		0.64	0.93	0.56	FKAIX
FGFLX	0.69	0.64		0.6	0.68	FGFLX
FMSTX	0.9	0.93	0.6		0.51	FMSTX
FTRBX	0.42	0.56	0.68	0.51		FTRBX
	SVAIX	FKAIX	FGFLX	FMSTX	FTRBX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SVAIX	0.59	(0.04)	(0.10)	(0.02)	0.84	(0.59)	0.99	(1.15)	3.31
FKAIX	1.03	(0.08)	(0.04)	0.01	1.72	(0.96)	1.61	(2.59)	8.68
FGFLX	0.67	(0.01)	(0.08)	0.04	0.94	(0.69)	1.32	(1.64)	3.92
FMSTX	0.80	(0.18)	0.00	(0.14)	0.00	0.00	1.23	(0.97)	14.94
FTRBX	0.23	(0.01)	(0.30)	(0.20)	0.26	(0.31)	0.53	(0.43)	1.60

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC