Federated Capital Correlations

CAPAX Fund

USD 9.43 0.02 0.21%

The current 90-days correlation between Federated Capital Income and Federated Hermes Sdg is 0.13 (i.e., Average diversification). The correlation of Federated Capital 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 Capital Correlation With Market

Almost no diversification

The correlation between Federated Capital Income and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Capital Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Federated Capital Income. 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 nation.

Moving together with Federated Mutual Fund

0.93	FSBCX	Federated Global All	Pair Corr
0.77	PIEFX	Pnc Emerging Markets	Pair Corr
0.83	FTIAX	Federated Short Term	Pair Corr
0.81	QALGX	Federated Mdt Large	Pair Corr
0.94	FHBRX	Federated High Income	Pair Corr
0.87	ICBRX	Federated Hermes Int	Pair Corr
0.84	FHCOX	Federated Hermes Con	Pair Corr
0.94	FHESX	Federated Hermes Sdg Potential Growth	Pair Corr
0.94	FHERX	Federated Hermes Sdg Potential Growth	Pair Corr
0.94	FHTIX	Federated High Yield	Pair Corr
0.85	IVFIX	Federated International	Pair Corr
0.9	FMDCX	Federated Mid Cap	Pair Corr
0.98	FMUAX	Federated Muni And	Pair Corr
0.84	LFEIX	Federated Equity Income	Pair Corr
0.89	VWIAX	Vanguard Wellesley Income	Pair Corr
0.96	VWINX	Vanguard Wellesley Income	Pair Corr
0.94	BKMIX	Blackrock Multi Asset	Pair Corr
0.89	HBLTX	Hartford Balanced	Pair Corr
0.89	HBLRX	Hartford Balanced	Pair Corr
0.89	HBLSX	Hartford Balanced	Pair Corr
0.89	HBLVX	Hartford Balanced	Pair Corr
0.89	HBLFX	Hartford Balanced	Pair Corr
0.89	HBLYX	Hartford Balanced	Pair Corr
0.89	HBLCX	Hartford Balanced	Pair Corr
0.9	FSMMX	Fs Multi Strategy	Pair Corr
0.93	BTMPX	Ishares Msci Eafe	Pair Corr
0.92	BTMKX	Blackrock International	Pair Corr
0.92	MDIIX	Blackrock Intern Index	Pair Corr
0.71	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.71	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.71	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.71	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.87	RYTLX	Telecommunications Steady Growth	Pair Corr
0.97	IMLAX	Transamerica Asset	Pair Corr
0.94	RMLSX	Moderate Strategy	Pair Corr
0.89	LMMRX	Clearbridge Dividend	Pair Corr
0.86	PRKAX	Prudential Real Estate	Pair Corr
0.9	TPPAX	T Rowe Price	Pair Corr

Moving against Federated Mutual Fund

0.82

PIGDX

Pnc International Growth

Pair Corr

Related Correlations Analysis

	QAMNX	QALGX	FHBRX	FHBBX	ICBRX	FHCOX	ICFBX	FHESX	FHERX
QAMNX		0.55	0.59	0.0	0.53	0.61	0.0	0.49	0.49	QAMNX
QALGX	0.55		0.68	0.0	0.61	0.55	0.0	0.69	0.69	QALGX
FHBRX	0.59	0.68		0.0	0.91	0.9	0.0	0.97	0.97	FHBRX
FHBBX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FHBBX
ICBRX	0.53	0.61	0.91	0.0		0.87	0.0	0.85	0.84	ICBRX
FHCOX	0.61	0.55	0.9	0.0	0.87		0.0	0.86	0.86	FHCOX
ICFBX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ICFBX
FHESX	0.49	0.69	0.97	0.0	0.85	0.86	0.0		1.0	FHESX
FHERX	0.49	0.69	0.97	0.0	0.84	0.86	0.0	1.0		FHERX
	QAMNX	QALGX	FHBRX	FHBBX	ICBRX	FHCOX	ICFBX	FHESX	FHERX

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

FHERX	+ 1.0	FHESX
FHESX	+ 0.97	FHBRX
FHERX	+ 0.97	FHBRX
ICBRX	+ 0.91	FHBRX
FHCOX	+ 0.9	FHBRX
FHCOX	+ 0.87	ICBRX

High negative correlations

FHERX	- 0.0	ICFBX
FHESX	- 0.0	ICFBX
ICFBX	- 0.0	FHCOX
ICFBX	- 0.0	ICBRX
FHERX	- 0.0	FHBBX
FHESX	- 0.0	FHBBX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Capital 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 Capital'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
QAMNX	0.31	0.06	0.04	1.44	0.25	(0.34)	0.85	(0.66)	2.24
QALGX	0.79	0.00	(0.04)	0.17	1.20	(0.69)	1.45	(1.99)	5.94
FHBRX	0.09	0.01	(0.21)	0.12	0.00	(0.17)	0.15	(0.15)	0.59
FHBBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICBRX	0.11	(0.01)	(0.28)	(0.06)	0.10	(0.14)	0.23	(0.23)	0.46
FHCOX	0.05	0.01	(0.36)	0.97	0.00	(0.20)	0.10	(0.10)	0.60
ICFBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FHESX	0.67	0.06	0.07	0.11	0.56	(0.77)	1.66	(0.98)	4.96
FHERX	0.67	0.05	0.07	0.11	0.56	(0.77)	1.66	(0.99)	4.95

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

2026 Macroaxis LLC