Federated Kaufmann Correlations

Mutual Funds . USA . 
Fund . Federated Kaufmann Small
FKASX Fund  USD 54.09  0.23  0.43%   
The current 90-days correlation between Federated Kaufmann Small and Versatile Bond Portfolio is 0.15 (i.e., Average diversification). The correlation of Federated Kaufmann 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 Kaufmann Correlation With Market

Very poor diversification

The correlation between Federated Kaufmann Small and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Kaufmann Small 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 Kaufmann Small. 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 state.

Moving together with Federated Mutual Fund

  0.96QKACX Federated Mdt AllPairCorr
  0.98QKBGX Federated Mdt BalancedPairCorr
  0.84SBFIX Federated Global AllPairCorr
  0.79FRSAX Federated Floating RatePairCorr
  0.8FSBCX Federated Global AllPairCorr
  0.82FSBKX Federated Global AllPairCorr
  0.84FSBLX Federated Global AllPairCorr
  0.99QLSGX Federated Mdt SmallPairCorr
  0.94QLSCX Federated Mdt SmallPairCorr
  0.93FSTKX Federated Mdt LargePairCorr
  0.96FSTLX Federated Mdt LargePairCorr
  0.96FSTRX Federated Mdt LargePairCorr
  0.83FSTBX Federated Global AllPairCorr
  0.85SVALX Federated Strategic ValuePairCorr
  0.85SVAAX Federated Strategic ValuePairCorr
  0.84SVAIX Federated Strategic ValuePairCorr
  0.83SVACX Federated Strategic ValuePairCorr

Moving against Federated Mutual Fund

  0.42FSGVX Federated U SPairCorr
  0.66FTIBX Federated Global TotalPairCorr
  0.65FTGLX Federated Total ReturnPairCorr
  0.64FTIIX Federated Global TotalPairCorr
  0.52INISX Federated IntermediatePairCorr
  0.48FSGIX Federated Gov SecPairCorr
  0.65FTGSX Federated Total ReturnPairCorr
  0.65FTRGX Federated Total ReturnPairCorr
  0.62FTRFX Federated Total ReturnPairCorr
  0.62FTRKX Federated Total ReturnPairCorr
  0.6FTRBX Federated Total ReturnPairCorr
  0.6FTRLX Federated Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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