Federated Max-cap Correlations

Mutual Funds . USA . 
Fund . Federated Max Cap Index
FMXSX Fund  USD 8.26  0.13  1.60%   
The current 90-days correlation between Federated Max Cap and Transamerica Large Cap is -0.31 (i.e., Very good 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

Very good diversification

The correlation between Federated Max Cap Index and DJI is -0.29 (i.e., Very good 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 manufacturing.

Moving together with Federated Mutual Fund

  0.97EMDIX Federated Emerging MarketPairCorr
  0.99QKACX Federated Mdt AllPairCorr
  1.0QKBGX Federated Mdt BalancedPairCorr
  0.99SBFIX Federated Global AllPairCorr
  0.94FRIEX Federated Hermes EmergingPairCorr
  0.69STFSX Federated StrategicPairCorr
  0.94STIAX Federated StrategicPairCorr
  0.94STILX Federated StrategicPairCorr
  0.94STISX Federated StrategicPairCorr
  0.93FRSAX Federated Floating RatePairCorr
  0.99FSBCX Federated Global AllPairCorr
  0.99FSBKX Federated Global AllPairCorr
  0.99FSBLX Federated Global AllPairCorr
  0.96QLSGX Federated Mdt SmallPairCorr
  0.94QLSCX Federated Mdt SmallPairCorr
  0.88FSGVX Federated U SPairCorr
  0.94FSHIX Federated Short-intermediaPairCorr
  0.88FSGIX Federated Gov SecPairCorr
  0.9INISX Federated IntermediatePairCorr
  0.92FSHSX Federated Short-intermediaPairCorr
  0.9FSILX Federated Short TermPairCorr
  0.91FSTIX Federated Short TermPairCorr
  0.95FSTKX Federated Mdt LargePairCorr
  0.96FSTLX Federated Mdt LargePairCorr
  0.96FSTRX Federated Mdt LargePairCorr
  0.99FSTBX Federated Global AllPairCorr
  0.72PIEFX Pnc Emerging MarketsPairCorr
  0.7FTIAX Federated Short TermPairCorr
  0.81FTGLX Federated Total ReturnPairCorr
  0.79FTGSX Federated Total ReturnPairCorr
  0.92SVAIX Federated Strategic ValuePairCorr
  0.92SVACX Federated Strategic ValuePairCorr
  0.85PIUCX Pnc International EquityPairCorr
  0.86PIUIX Pnc International EquityPairCorr
  0.88RRFAX Federated Real ReturnPairCorr
  0.69RRFCX Federated Real ReturnPairCorr
  0.71RRFIX Federated Real ReturnPairCorr
  0.83FTRBX Federated Total ReturnPairCorr
  0.84FTRFX Federated Total ReturnPairCorr

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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