Federated Max-cap Correlations

Mutual Funds . USA . 
Fund . Federated Max Cap Index
FISPX Fund  USD 8.52  0.06  0.71%   
The current 90-days correlation between Federated Max Cap and Federated Mdt Large is 0.83 (i.e., Very poor diversification). The correlation of Federated Max-cap 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 Max-cap Correlation With Market

Almost no diversification

The correlation between Federated Max Cap Index and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Max Cap Index 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 Max Cap Index. 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 metropolitan statistical area.

Moving together with Federated Mutual Fund

  1.0QKACX Federated Mdt AllPairCorr
  1.0QKBGX Federated Mdt BalancedPairCorr
  0.99SBFIX Federated Global AllPairCorr
  0.95FRIEX Federated Hermes EmergingPairCorr
  0.95STFSX Federated StrategicPairCorr
  0.95STIAX Federated StrategicPairCorr
  0.94STILX Federated StrategicPairCorr
  0.94FRSAX Federated Floating RatePairCorr
  0.99FSBCX Federated Global AllPairCorr
  0.99FSBKX Federated Global AllPairCorr
  0.99FSBLX Federated Global AllPairCorr
  0.62QLSGX Federated Mdt SmallPairCorr
  0.97QLSCX Federated Mdt SmallPairCorr
  0.8FSGIX Federated Gov SecPairCorr
  0.9INISX Federated IntermediatePairCorr
  0.88FSILX Federated Short TermPairCorr
  0.9FSTIX Federated Short TermPairCorr
  0.98FSTKX Federated Mdt LargePairCorr
  0.98FSTLX Federated Mdt LargePairCorr
  0.98FSTRX Federated Mdt LargePairCorr
  0.91FSTYX Federated Short TermPairCorr
  0.99FSTBX Federated Global AllPairCorr
  0.95PIEFX Pnc Emerging MarketsPairCorr
  0.86PIGDX Pnc International GrowthPairCorr
  0.9FTIAX Federated Short TermPairCorr
  0.93SVAAX Federated Strategic ValuePairCorr
  0.93SVAIX Federated Strategic ValuePairCorr
  0.89PIUCX Pnc International EquityPairCorr
  0.9PIUIX Pnc International EquityPairCorr
  0.79RRFAX Federated Real ReturnPairCorr

Moving against Federated Mutual Fund

  1.0BEARX Federated Prudent Bear Potential GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Max-cap 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 Max-cap'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.

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