Federated Mdt Correlations

QISCX Fund  USD 28.58  0.21  0.73%   
The current 90-days correlation between Federated Mdt Small and Federated Mdt Small is 0.13 (i.e., Average diversification). The correlation of Federated Mdt 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 Mdt Correlation With Market

Very poor diversification

The correlation between Federated Mdt Small 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 Mdt Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Federated Mdt 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 main economic indicators.

Moving together with Federated Mutual Fund

  0.96QKACX Federated Mdt AllPairCorr
  0.93QKBGX Federated Mdt BalancedPairCorr
  0.77SBFIX Federated Global AllPairCorr
  0.84FRSAX Federated Floating RatePairCorr
  0.8FSBCX Federated Global AllPairCorr
  0.81FSBKX Federated Global AllPairCorr
  0.77FSBLX Federated Global AllPairCorr
  0.96QLSGX Federated Mdt SmallPairCorr
  0.96QLSCX Federated Mdt SmallPairCorr
  0.96FSTKX Federated Mdt LargePairCorr
  0.96FSTLX Federated Mdt LargePairCorr
  0.96FSTRX Federated Mdt LargePairCorr
  0.76FSTBX Federated Global AllPairCorr
  0.69SVALX Federated Strategic ValuePairCorr
  0.68SVAAX Federated Strategic ValuePairCorr
  0.65SVAIX Federated Strategic ValuePairCorr
  0.68SVACX Federated Strategic ValuePairCorr

Moving against Federated Mutual Fund

  0.53FSGVX Federated U SPairCorr
  0.65FTIBX Federated Global TotalPairCorr
  0.61FTGSX Federated Total ReturnPairCorr
  0.59FTGLX Federated Total ReturnPairCorr
  0.52INISX Federated IntermediatePairCorr
  0.51FSGIX Federated Gov SecPairCorr
  0.61FTRGX Federated Total ReturnPairCorr
  0.59FCBRX Federated HermesPairCorr
  0.58RRFCX Federated Real ReturnPairCorr
  0.57FTRBX Federated Total ReturnPairCorr
  0.57FTRFX Federated Total ReturnPairCorr
  0.57FTRKX 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 Mdt 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 Mdt'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.