Federated High Correlations

Mutual Funds . USA . 
Fund . Federated High Income
FHIIX Fund  USD 6.87  0.01  0.15%   
The current 90-days correlation between Federated High Income and Ab Bond Inflation is 0.11 (i.e., Average 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

Very good diversification

The correlation between Federated High Income and DJI is -0.21 (i.e., Very good 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

  0.97EMDIX Federated Emerging MarketPairCorr
  0.97QKACX Federated Mdt AllPairCorr
  0.98QKBGX Federated Mdt BalancedPairCorr
  0.98SBFIX Federated Global AllPairCorr
  0.97FRIEX Federated Hermes EmergingPairCorr
  0.96STFSX Federated StrategicPairCorr
  0.96STIAX Federated StrategicPairCorr
  0.98STILX Federated StrategicPairCorr
  0.98STISX Federated StrategicPairCorr
  0.96FRSAX Federated Floating RatePairCorr
  0.98FSBCX Federated Global AllPairCorr
  0.98FSBKX Federated Global AllPairCorr
  0.98FSBLX Federated Global AllPairCorr
  0.96QLSGX Federated Mdt SmallPairCorr
  0.96QLSCX Federated Mdt SmallPairCorr
  0.72FSGVX Federated U SPairCorr
  0.96FSHIX Federated Short-intermediaPairCorr
  0.66FSGIX Federated Gov SecPairCorr
  0.91INISX Federated IntermediatePairCorr
  0.96FSHSX Federated Short IntePairCorr
  0.9FSILX Federated Short TermPairCorr
  0.9FSTIX Federated Short TermPairCorr
  0.96FSTKX Federated Mdt LargePairCorr
  0.96FSTLX Federated Mdt LargePairCorr
  0.96FSTRX Federated Mdt LargePairCorr
  0.9FSTYX Federated Short TermPairCorr
  0.98FSTBX Federated Global AllPairCorr
  0.96PIEFX Pnc Emerging MarketsPairCorr
  0.96PIGDX Pnc International GrowthPairCorr
  0.89SVALX Federated Strategic ValuePairCorr
  0.9FTIAX Federated Short TermPairCorr
  0.88SVAAX Federated Strategic ValuePairCorr
  0.88SVAIX Federated Strategic ValuePairCorr
  0.88SVACX Federated Strategic ValuePairCorr
  0.97PIUCX Pnc International EquityPairCorr
  0.97PIUIX Pnc International EquityPairCorr

Related Correlations Analysis

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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.

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