Federated Prudent Correlations

BEARX Fund

USD 4.46 0.04 0.89%

The current 90-days correlation between Federated Prudent Bear and Growth Portfolio Class is 0.17 (i.e., Average diversification). The correlation of Federated Prudent 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 Prudent Correlation With Market

Pay attention - limited upside

The correlation between Federated Prudent Bear and DJI is -0.95 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Prudent Bear and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Federated Prudent Bear. 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 metropolitan statistical area.

Moving together with Federated Mutual Fund

0.89	PSTIX	Stocksplus Tr Short	Pair Corr
0.9	PBRIX	Federated Prudent Bear	Pair Corr
0.9	PBRCX	Federated Prudent Bear	Pair Corr
0.89	PSSCX	Pimco Stocksplus	Pair Corr
0.99	PSSAX	Pimco Stocksplus	Pair Corr
0.89	PSNNX	Pimco Stocksplus Short	Pair Corr
0.9	GRZZX	Grizzly Short Potential Growth	Pair Corr
1.0	RYURX	Inverse Sp 500	Pair Corr
0.9	RYUCX	Inverse Sp 500	Pair Corr

Moving against Federated Mutual Fund

0.99	SPGSX	State Street Premier	Pair Corr
0.92	HESGX	Horizon Esg Defensive	Pair Corr
0.8	KF	Korea Closed	Pair Corr
0.77	BRUFX	Bruce Fund Bruce	Pair Corr
0.52	RYMJX	Commodities Strategy	Pair Corr
0.49	RYMBX	Commodities Strategy	Pair Corr
0.48	RYMEX	Commodities Strategy	Pair Corr
0.98	ANZAX	Allianzgi Convertible	Pair Corr
0.95	BRHYX	Blackrock Hi Yld	Pair Corr
0.94	FIDSX	Financial Services	Pair Corr
0.92	FDCPX	Computers Portfolio	Pair Corr
0.92	BALFX	American Balanced	Pair Corr
0.92	AFMFX	American Mutual	Pair Corr
0.92	VWENX	Vanguard Wellington	Pair Corr
0.91	RMQHX	Monthly Rebalance Steady Growth	Pair Corr
0.91	VMCPX	Vanguard Mid Cap	Pair Corr
0.91	HCMKX	Hcm Income Plus	Pair Corr
0.89	PRITX	T Rowe Price	Pair Corr
0.88	TICSX	Touchstone Small Pany	Pair Corr
0.88	QALAX	Quantified Alternative	Pair Corr
0.79	INDIX	Alpskotak India Growth	Pair Corr
0.63	GLDAX	Gabelli Gold	Pair Corr

Related Correlations Analysis

	MSEQX	PLAAX	SLWGX	AWPIX	QILGX	RRGSX	EGFFX	NEAIX
MSEQX		0.97	0.99	0.95	0.9	0.95	0.98	0.96	MSEQX
PLAAX	0.97		0.97	0.91	0.91	0.94	0.98	0.93	PLAAX
SLWGX	0.99	0.97		0.95	0.89	0.95	0.99	0.95	SLWGX
AWPIX	0.95	0.91	0.95		0.83	0.95	0.94	0.95	AWPIX
QILGX	0.9	0.91	0.89	0.83		0.86	0.88	0.89	QILGX
RRGSX	0.95	0.94	0.95	0.95	0.86		0.94	0.98	RRGSX
EGFFX	0.98	0.98	0.99	0.94	0.88	0.94		0.94	EGFFX
NEAIX	0.96	0.93	0.95	0.95	0.89	0.98	0.94		NEAIX
	MSEQX	PLAAX	SLWGX	AWPIX	QILGX	RRGSX	EGFFX	NEAIX

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Prudent 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 Prudent'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSEQX	1.86	0.38	0.13	(3.07)	2.34	(2.03)	3.89	(4.10)	18.80
PLAAX	1.07	0.13	0.04	(1.46)	1.79	(0.99)	2.02	(2.39)	12.85
SLWGX	1.34	0.21	0.08	(1.11)	1.77	(1.51)	3.24	(2.63)	15.41
AWPIX	0.82	0.10	0.06	0.18	1.32	(0.82)	1.67	(1.69)	8.56
QILGX	1.31	0.18	0.05	(0.55)	2.01	(1.24)	2.66	(2.67)	15.56
RRGSX	1.28	0.12	0.06	0.13	1.82	(1.30)	2.64	(2.71)	14.75
EGFFX	1.30	0.16	0.06	(1.52)	1.89	(1.31)	2.61	(2.71)	14.34
NEAIX	1.55	0.22	0.09	0.22	2.15	(1.58)	3.38	(2.89)	15.04

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