Federated High Correlations

Mutual Funds USA . 
Fund . Federated High Income
FHIIX Fund  USD 6.93  0.01  0.14%   
The current 90-days correlation between Federated High Income and Federated Emerging Market is 0.22 (i.e., Modest diversification). The correlation of Federated High 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 High Correlation With Market

Modest diversification

The correlation between Federated High Income and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated High Income 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 High Income. 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

  0.95EMDIX Federated Emerging MarketPairCorr
  0.94QKACX Federated Mdt AllPairCorr
  0.9QKBGX Federated Mdt BalancedPairCorr
  0.91SBFIX Federated Global AllPairCorr
  0.96STFSX Federated StrategicPairCorr
  0.97STIAX Federated StrategicPairCorr
  0.95STILX Federated StrategicPairCorr
  0.94STISX Federated StrategicPairCorr
  0.85FRSAX Federated Floating RatePairCorr
  0.91FSBCX Federated Global AllPairCorr
  0.91FSBKX Federated Global AllPairCorr
  0.86FSBLX Federated Global AllPairCorr
  0.87QLSGX Federated Mdt SmallPairCorr
  0.9QLSCX Federated Mdt SmallPairCorr
  0.86FSHIX Federated Short IntePairCorr
  0.82INISX Federated IntermediatePairCorr
  0.86FSHSX Federated Short-intermediaPairCorr
  0.93FSILX Federated Short TermPairCorr
  0.89FSTIX Federated Short TermPairCorr
  0.93FSTKX Federated Mdt LargePairCorr
  0.93FSTLX Federated Mdt LargePairCorr
  0.93FSTRX Federated Mdt LargePairCorr
  0.92FSTYX Federated Short TermPairCorr
  0.91FSTBX Federated Global AllPairCorr
  0.9SVALX Federated Strategic ValuePairCorr
  0.9FTIAX Federated Short TermPairCorr
  0.91SVAAX Federated Strategic ValuePairCorr
  0.91SVAIX Federated Strategic ValuePairCorr
  0.91SVACX Federated Strategic ValuePairCorr
  0.62FTRBX Federated Total ReturnPairCorr

Moving against Federated Mutual Fund

  0.81PIGDX Pnc International GrowthPairCorr
  0.78PIUCX Pnc International EquityPairCorr
  0.77PIUIX Pnc International EquityPairCorr
  0.76RRFIX Federated Real ReturnPairCorr
  0.73RRFAX Federated Real ReturnPairCorr
  0.5RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated High 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 High'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  0.14  0.04 (0.08) 0.42  0.00 
(0.20)
 0.34 
(0.23)
 0.80 
QKACX  0.64  0.05  0.04  0.13  0.75 
(0.68)
 1.28 
(1.27)
 5.31 
QKBGX  0.50  0.08  0.14  0.16  0.21 
(0.64)
 0.89 
(0.76)
 8.89 
SBFIX  0.37  0.01 (0.04) 0.08  0.40 
(0.40)
 0.79 
(0.91)
 2.05 
FRIEX  0.75  0.07  0.06  0.15  0.69 
(0.87)
 1.67 
(1.16)
 3.79 
STFSX  0.12  0.02 (0.23) 0.59  0.00 
(0.15)
 0.24 
(0.24)
 0.72 
STIAX  0.12  0.01 (0.28) 0.37  0.00 
(0.19)
 0.24 
(0.24)
 0.72 
STILX  0.12  0.01 (0.27) 0.13  0.00 
(0.16)
 0.24 
(0.24)
 0.72 
STISX  0.12  0.01 (0.25) 0.16  0.00 
(0.17)
 0.24 
(0.24)
 0.73 
FRSAX  0.06  0.02  0.00 (2.74) 0.00 
 0.00 
 0.12 
 0.00 
 0.71 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY