Federated Gov Correlations

Mutual Funds . USA . 
Fund . Federated Gov Sec
FSGIX Fund  USD 9.62  0.01  0.10%   
The current 90-days correlation between Federated Gov Sec and Federated U S is 0.89 (i.e., Very poor diversification). The correlation of Federated Gov 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 Gov Correlation With Market

Very good diversification

The correlation between Federated Gov Sec and DJI is -0.32 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Gov Sec 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 Gov Sec. 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

  0.69STFSX Federated StrategicPairCorr
  0.69STIAX Federated StrategicPairCorr
  0.66STILX Federated StrategicPairCorr
  0.65STISX Federated StrategicPairCorr
  0.96FSGVX Federated U SPairCorr
  0.65FSHIX Federated Short IntePairCorr
  0.8INISX Federated IntermediatePairCorr
  0.66FSHSX Federated Short-intermediaPairCorr
  0.79FSILX Federated Short TermPairCorr
  0.81FSTIX Federated Short TermPairCorr
  0.79FSTYX Federated Short TermPairCorr
  0.8FTIAX Federated Short TermPairCorr
  0.88FTGLX Federated Total ReturnPairCorr
  0.87FTGSX Federated Total ReturnPairCorr
  0.82RRFAX Federated Real ReturnPairCorr
  0.8RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Gov 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 Gov'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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