Federated Institutional Correlations

FIHBX Fund

USD 9.00 0.01 0.11%

The current 90-days correlation between Federated Institutional and Nuveen Large Cap is 0.15 (i.e., Average diversification). The correlation of Federated Institutional 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 Institutional Correlation With Market

Very weak diversification

The correlation between Federated Institutional High and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Institutional High 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 Institutional High. 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 bureau of labor statistics.

Moving together with Federated Mutual Fund

0.71	SBFIX	Federated Global All	Pair Corr
0.62	FRIEX	Federated Hermes Emerging	Pair Corr
0.64	FSBKX	Federated Global All	Pair Corr
0.63	FSTKX	Federated Mdt Large	Pair Corr
0.65	FSTLX	Federated Mdt Large	Pair Corr
0.7	PIUIX	Pnc International Equity	Pair Corr

Moving against Federated Mutual Fund

0.74

BEARX

Federated Prudent Bear Potential Growth

Pair Corr

Related Correlations Analysis

	FLRAX	LMTIX	AVLVX	LMUSX	TRLIX
FLRAX		0.89	0.74	0.89	0.79	FLRAX
LMTIX	0.89		0.88	1.0	0.91	LMTIX
AVLVX	0.74	0.88		0.88	0.96	AVLVX
LMUSX	0.89	1.0	0.88		0.91	LMUSX
TRLIX	0.79	0.91	0.96	0.91		TRLIX
	FLRAX	LMTIX	AVLVX	LMUSX	TRLIX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Institutional 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 Institutional'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
FLRAX	0.58	0.07	0.02	0.53	0.89	(0.53)	1.35	(1.31)	3.70
LMTIX	0.56	0.04	0.03	0.10	0.77	(0.51)	1.26	(1.35)	3.64
AVLVX	0.58	0.01	0.01	0.07	0.78	(0.59)	1.18	(1.26)	3.97
LMUSX	0.56	0.03	0.03	0.09	0.76	(0.52)	1.25	(1.38)	3.59
TRLIX	0.47	0.00	(0.01)	0.06	0.54	(0.55)	1.24	(1.17)	3.36

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