Federated Short Correlations

Mutual Funds . USA . 
Fund . Federated Short Intermediate Duration
FSHIX Fund  USD 10.11  0.01  0.1%   
The current 90-days correlation between Federated Short Inte and Federated Emerging Market is 0.04 (i.e., Significant diversification). The correlation of Federated Short 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 Short Correlation With Market

Good diversification

The correlation between Federated Short Intermediate D and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Short Intermediate D 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 Short Intermediate Duration. 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

  0.88EMDIX Federated Emerging MarketPairCorr
  0.84QKACX Federated Mdt AllPairCorr
  0.82QKBGX Federated Mdt BalancedPairCorr
  0.87SBFIX Federated Global AllPairCorr
  0.72FRIEX Federated Hermes EmergingPairCorr
  0.83STFSX Federated StrategicPairCorr
  0.81STIAX Federated StrategicPairCorr
  0.87STILX Federated StrategicPairCorr
  0.86STISX Federated StrategicPairCorr
  0.91FRSAX Federated Floating RatePairCorr
  0.86FSBCX Federated Global AllPairCorr
  0.86FSBKX Federated Global AllPairCorr
  0.93FSBLX Federated Global AllPairCorr
  0.84QLSGX Federated Mdt SmallPairCorr
  0.85QLSCX Federated Mdt SmallPairCorr
  0.78INISX Federated IntermediatePairCorr
  0.99FSHSX Federated Short-intermediaPairCorr
  0.92FSILX Federated Short TermPairCorr
  0.89FSTIX Federated Short TermPairCorr
  0.88FSTKX Federated Mdt LargePairCorr
  0.88FSTLX Federated Mdt LargePairCorr
  0.88FSTRX Federated Mdt LargePairCorr
  0.92FSTYX Federated Short TermPairCorr
  0.86FSTBX Federated Global AllPairCorr
  0.72PIEFX Pnc Emerging MarketsPairCorr
  0.86SVALX Federated Strategic ValuePairCorr
  0.9FTIAX Federated Short TermPairCorr
  0.86SVAAX Federated Strategic ValuePairCorr
  0.86SVAIX Federated Strategic ValuePairCorr
  0.86SVACX Federated Strategic ValuePairCorr
  0.71FTRBX Federated Total ReturnPairCorr

Moving against Federated Mutual Fund

  0.79PIGDX Pnc International GrowthPairCorr
  0.87RRFAX Federated Real ReturnPairCorr
  0.87RRFIX Federated Real ReturnPairCorr
  0.79PIUCX Pnc International EquityPairCorr
  0.78PIUIX Pnc International EquityPairCorr
  0.47RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Short 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 Short'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  0.05 (0.16) 0.55  0.00 
(0.21)
 0.35 
(0.23)
 0.80 
QKACX  0.61  0.06  0.05  0.18  0.60 
(0.67)
 1.28 
(1.21)
 5.31 
QKBGX  0.49  0.08  0.15  0.19  0.00 
(0.62)
 0.89 
(0.74)
 8.89 
SBFIX  0.36  0.02 (0.05) 0.13  0.32 
(0.41)
 0.79 
(0.73)
 2.05 
FRIEX  0.76  0.08  0.07  0.19  0.66 
(0.89)
 1.67 
(1.16)
 3.79 
STFSX  0.12  0.01 (0.35) 0.19  0.00 
(0.15)
 0.24 
(0.24)
 0.72 
STIAX  0.12  0.01 (0.44) 0.17  0.00 
(0.19)
 0.24 
(0.24)
 0.72 
STILX  0.12  0.01 (0.39) 0.25  0.00 
(0.16)
 0.24 
(0.24)
 0.72 
STISX  0.12  0.01 (0.36) 0.26  0.00 
(0.18)
 0.24 
(0.24)
 0.73 
FRSAX  0.06  0.02  0.00  3.58  0.00 
 0.00 
 0.12 
 0.00 
 0.71 

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