Federated Floating Correlations

Mutual Funds . USA . 
Fund . Federated Floating Rate
FRSAX Fund  USD 8.59  0.01  0.12%   
The current 90-days correlation between Federated Floating Rate and Fidelity Large Cap is 0.63 (i.e., Poor diversification). The correlation of Federated Floating 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 Floating Correlation With Market

Poor diversification

The correlation between Federated Floating Rate and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Floating Rate 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 Floating Rate. 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

  0.95EMDIX Federated Emerging MarketPairCorr
  0.98QKACX Federated Mdt AllPairCorr
  0.98QKBGX Federated Mdt BalancedPairCorr
  0.97SBFIX Federated Global AllPairCorr
  0.97FRIEX Federated Hermes EmergingPairCorr
  0.83STFSX Federated StrategicPairCorr
  0.83STIAX Federated StrategicPairCorr
  0.92STILX Federated StrategicPairCorr
  0.82STISX Federated StrategicPairCorr
  0.97FSBCX Federated Global AllPairCorr
  0.97FSBKX Federated Global AllPairCorr
  0.91FSBLX Federated Global AllPairCorr
  0.98QLSGX Federated Mdt SmallPairCorr
  0.97QLSCX Federated Mdt SmallPairCorr
  0.72FSHIX Federated Short-intermediaPairCorr
  0.83INISX Federated IntermediatePairCorr
  0.83FSHSX Federated Short-intermediaPairCorr
  0.62FSILX Federated Short TermPairCorr
  0.62FSTIX Federated Short TermPairCorr
  0.97FSTKX Federated Mdt LargePairCorr
  0.97FSTLX Federated Mdt LargePairCorr
  0.97FSTRX Federated Mdt LargePairCorr
  0.62FSTYX Federated Short TermPairCorr
  0.97FSTBX Federated Global AllPairCorr
  0.91PIEFX Pnc Emerging MarketsPairCorr
  0.95PIGDX Pnc International GrowthPairCorr
  0.76SVALX Federated Strategic ValuePairCorr
  0.62SVAAX Federated Strategic ValuePairCorr
  0.8SVACX Federated Strategic ValuePairCorr
  0.97PIUCX Pnc International EquityPairCorr
  0.89PIUIX 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 Floating 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 Floating'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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