Federated Government Correlations

Mutual Funds . USA . 
Fund . Federated Government Ultrashort
FGUAX Fund  USD 9.76  0.01  0.10%   
The current 90-days correlation between Federated Government and Federated Emerging Market is 0.07 (i.e., Significant diversification). The correlation of Federated Government 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 Government Correlation With Market

Modest diversification

The correlation between Federated Government Ultrashor and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Government Ultrashor 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 Government Ultrashort. 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 nation.

Moving together with FEDERATED Mutual Fund

  0.62FRSAX Federated Floating RatePairCorr
  0.77FSBKX Federated Global AllPairCorr
  0.75QLSGX Federated Mdt SmallPairCorr
  0.62FSHSX Federated Short-intermediaPairCorr
  0.74PIEFX Pnc Emerging MarketsPairCorr
  0.66FULAX Federated Ultrashort BondPairCorr
  0.65FULBX Federated Ultrashort BondPairCorr
  0.64FULIX Federated Ultrashort BondPairCorr
  0.63FULLX Federated Hermes UltPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between FEDERATED Mutual Fund performing well and Federated Government 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 Government'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  0.29  0.05  0.02  0.33  0.42 
(0.34)
 0.51 
(0.65)
 1.84 
QKACX  1.10  0.20  0.07 (1.79) 1.81 
(1.15)
 2.37 
(2.10)
 13.42 
QKBGX  0.68  0.10  0.04 (2.74) 1.11 
(0.66)
 1.50 
(1.37)
 8.02 
SBFIX  0.59  0.11  0.06  3.53  0.87 
(0.61)
 1.21 
(1.13)
 5.48 
FRIEX  0.96  0.19  0.08  1.16  1.29 
(1.01)
 2.83 
(2.24)
 7.13 
STFSX  0.23  0.00 (0.10)(0.03) 0.37 
(0.24)
 0.49 
(0.61)
 1.36 
STIAX  0.24  0.00 (0.11)(0.03) 0.37 
(0.24)
 0.37 
(0.60)
 1.35 
STILX  0.23  0.01 (0.07) 0.22  0.31 
(0.25)
 0.38 
(0.61)
 1.51 
STISX  0.22  0.01 (0.06) 0.27  0.33 
(0.24)
 0.38 
(0.50)
 1.49 
FRSAX  0.09  0.01 (0.11) 1.00  0.00 
(0.17)
 0.24 
(0.35)
 0.71 

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