Federated Mid Correlations

Mutual Funds . USA . 
Fund . Federated Mid Cap Index
FMCRX Fund  USD 16.16  0.09  0.56%   
The current 90-days correlation between Federated Mid Cap and Federated Mdt Large is 0.74 (i.e., Poor diversification). The correlation of Federated Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Federated Mid Cap Index and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mid 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 Mid 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 real.

Moving together with Federated Mutual Fund

  0.86EMDIX Federated Emerging MarketPairCorr
  0.95QKACX Federated Mdt AllPairCorr
  0.95QKBGX Federated Mdt BalancedPairCorr
  0.94SBFIX Federated Global AllPairCorr
  0.91FRIEX Federated Hermes EmergingPairCorr
  0.84STIAX Federated StrategicPairCorr
  0.85STILX Federated StrategicPairCorr
  0.85STISX Federated StrategicPairCorr
  0.87FRSAX Federated Floating RatePairCorr
  0.94FSBCX Federated Global AllPairCorr
  0.94FSBKX Federated Global AllPairCorr
  0.65FSBLX Federated Global AllPairCorr
  0.92QLSGX Federated Mdt SmallPairCorr
  0.93QLSCX Federated Mdt SmallPairCorr
  0.77FSGVX Federated U SPairCorr
  0.79FSGIX Federated Gov SecPairCorr
  0.81FSTIX Federated Short TermPairCorr
  0.97FSTKX Federated Mdt LargePairCorr
  0.98FSTLX Federated Mdt LargePairCorr
  0.93FSTRX Federated Mdt LargePairCorr
  0.91FSTBX Federated Global AllPairCorr
  0.9PIEFX Pnc Emerging MarketsPairCorr
  0.83PIGDX Pnc International GrowthPairCorr
  0.69FTGSX Federated Total ReturnPairCorr
  0.87SVAIX Federated Strategic ValuePairCorr
  0.83PIUCX Pnc International EquityPairCorr
  0.85PIUIX Pnc International EquityPairCorr
  0.81RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Mid 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 Mid'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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