Federated Short Correlations

Mutual Funds . USA . 
Fund . Federated Short Intermediate Total
FGCIX Fund  USD 10.24  0.01  0.1%   
The current 90-days correlation between Federated Short Inte and Federated Emerging Market is 0.38 (i.e., Weak diversification). The correlation of Federated Short 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 Short Correlation With Market

Average diversification

The correlation between Federated Short Intermediate T and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Short Intermediate T 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 Short Intermediate Total. 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 gross domestic product.

Moving together with Federated Mutual Fund

  0.96EMDIX Federated Emerging MarketPairCorr
  0.88QKACX Federated Mdt AllPairCorr
  0.91QKBGX Federated Mdt BalancedPairCorr
  0.93SBFIX Federated Global AllPairCorr
  0.85FRIEX Federated Hermes EmergingPairCorr
  0.98STFSX Federated StrategicPairCorr
  0.98STIAX Federated StrategicPairCorr
  0.97STILX Federated StrategicPairCorr
  0.97STISX Federated StrategicPairCorr
  0.9FRSAX Federated Floating RatePairCorr
  0.91FSBCX Federated Global AllPairCorr
  0.91FSBKX Federated Global AllPairCorr
  0.89FSBLX Federated Global AllPairCorr
  0.89QLSGX Federated Mdt SmallPairCorr
  0.87QLSCX Federated Mdt SmallPairCorr
  0.97FSGVX Federated U SPairCorr
  0.97FSHIX Federated Short-intermediaPairCorr
  0.98FSGIX Federated Gov SecPairCorr
  0.97INISX Federated IntermediatePairCorr
  0.96FSHSX Federated Short-intermediaPairCorr
  0.96FSILX Federated Short TermPairCorr
  0.97FSTIX Federated Short TermPairCorr
  0.82FSTKX Federated Mdt LargePairCorr
  0.81FSTLX Federated Mdt LargePairCorr
  0.8FSTRX Federated Mdt LargePairCorr
  0.97FSTYX Federated Short TermPairCorr
  0.91FSTBX Federated Global AllPairCorr
  0.85PIEFX Pnc Emerging MarketsPairCorr
  0.72PIGDX Pnc International GrowthPairCorr
  0.87SVALX Federated Strategic ValuePairCorr
  0.97FTIAX Federated Short TermPairCorr
  0.93FTGLX Federated Total ReturnPairCorr
  0.92FTGSX Federated Total ReturnPairCorr
  0.8SVAAX Federated Strategic ValuePairCorr
  0.84SVAIX Federated Strategic ValuePairCorr
  0.81SVACX Federated Strategic ValuePairCorr
  0.75PIUCX Pnc International EquityPairCorr
  0.72PIUIX Pnc International EquityPairCorr
  0.97RRFAX Federated Real ReturnPairCorr
  0.97RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Short 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 Short'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
EMDIX  0.19  0.08 (0.01) 13.20  0.00 
(0.26)
 0.37 
(0.36)
 1.20 
QKACX  0.50  0.05  0.05  0.14  0.39 
(0.61)
 1.19 
(0.74)
 2.94 
QKBGX  0.34  0.03 (0.01) 0.15  0.17 
(0.39)
 0.78 
(0.60)
 1.81 
SBFIX  0.33  0.04  0.00  0.16  0.12 
(0.38)
 0.78 
(0.56)
 1.81 
FRIEX  0.69  0.11  0.11  0.26  0.48 
(0.82)
 1.64 
(0.96)
 4.66 
STFSX  0.14  0.04 (0.20) 1.41  0.00 
(0.21)
 0.36 
(0.24)
 0.74 
STIAX  0.14  0.04 (0.23) 3.16  0.00 
(0.19)
 0.36 
(0.24)
 0.61 
STILX  0.13  0.05 (0.17) 0.59  0.00 
(0.20)
 0.36 
(0.24)
 0.61 
STISX  0.13  0.05 (0.16) 0.60  0.00 
(0.20)
 0.36 
(0.24)
 0.61 
FRSAX  0.06  0.01 (0.63)(0.24) 0.00 
(0.19)
 0.12 
(0.12)
 0.70 

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