Federated Mid-cap Correlations

Mutual Funds . USA . 
Fund . Federated Mid Cap Index
FMCRX Fund  USD 16.14  0.18  1.13%   
The current 90-days correlation between Federated Mid Cap and Federated Max Cap Index is 0.77 (i.e., Poor diversification). The correlation of Federated Mid-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 Mid-cap Correlation With Market

Very poor diversification

The correlation between Federated Mid Cap Index and DJI is 0.85 (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 employment.

Moving together with Federated Mutual Fund

  0.75EMDIX Federated Emerging MarketPairCorr
  0.88QKACX Federated Mdt AllPairCorr
  0.88QKBGX Federated Mdt BalancedPairCorr
  0.82SBFIX Federated Global AllPairCorr
  0.72FRIEX Federated Hermes EmergingPairCorr
  0.74STFSX Federated StrategicPairCorr
  0.74STIAX Federated StrategicPairCorr
  0.76STILX Federated StrategicPairCorr
  0.75STISX Federated StrategicPairCorr
  0.68FRSAX Federated Floating RatePairCorr
  0.76FSBCX Federated Global AllPairCorr
  0.82FSBKX Federated Global AllPairCorr
  0.82FSBLX Federated Global AllPairCorr
  0.86QLSGX Federated Mdt SmallPairCorr
  0.92QLSCX Federated Mdt SmallPairCorr
  0.64FSGVX Federated U SPairCorr
  0.71FSHIX Federated Short IntePairCorr
  0.67FSGIX Federated Gov SecPairCorr
  0.68INISX Federated IntermediatePairCorr
  0.68FSHSX Federated Short IntePairCorr
  0.67FSILX Federated Short TermPairCorr
  0.67FSTIX Federated Short TermPairCorr
  0.75FSTKX Federated Mdt LargePairCorr
  0.94FSTLX Federated Mdt LargePairCorr
  0.79FSTRX Federated Mdt LargePairCorr
  0.68FSTYX Federated Short TermPairCorr
  0.82FSTBX Federated Global AllPairCorr
  0.72PIEFX Pnc Emerging MarketsPairCorr
  0.77PIGDX Pnc International GrowthPairCorr
  0.78SVALX Federated Strategic ValuePairCorr
  0.68FTIAX Federated Short TermPairCorr
  0.65FTGLX Federated Total ReturnPairCorr
  0.64FTGSX Federated Total ReturnPairCorr
  0.78SVAAX Federated Strategic ValuePairCorr
  0.78SVAIX Federated Strategic ValuePairCorr
  0.77SVACX Federated Strategic ValuePairCorr
  0.73PIUCX Pnc International EquityPairCorr
  0.73PIUIX Pnc International EquityPairCorr
  0.74RRFAX Federated Real ReturnPairCorr
  0.74RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Mid-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 Mid-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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FISPX  0.48  0.04  0.04  0.11  0.60 
(0.55)
 1.18 
(0.69)
 4.31 
SWYLX  0.22  0.06 (0.05)(1.32) 0.00 
(0.28)
 0.50 
(0.35)
 1.83 
MEFIX  0.72  0.15  0.14  0.25  0.72 
(0.85)
 1.51 
(0.95)
 5.47 
MCEIX  0.72  0.15  0.14  0.24  0.72 
(0.83)
 1.57 
(0.95)
 5.51 
WFIVX  0.49  0.03  0.04  0.10  0.56 
(0.55)
 1.27 
(0.64)
 4.39 
HRVIX  0.80 (0.03)(0.01) 0.05  0.79 
(1.05)
 1.90 
(1.32)
 6.90 
SMAYX  0.81  0.11  0.03 (0.41) 0.84 
(0.89)
 2.43 
(1.52)
 5.85 
PJIAX  0.46  0.09  0.01 (0.30) 0.56 
(0.49)
 1.23 
(0.84)
 4.04 
PJOQX  0.47  0.03  0.03  0.11  0.53 
(0.50)
 1.23 
(0.86)
 4.01 
PMO  0.42  0.09  0.06  0.87  0.24 
(0.57)
 1.17 
(0.61)
 3.22 

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