Federated Short Correlations

FSILX Fund

USD 8.57 0.01 0.12%

The current 90-days correlation between Federated Short Term and Absolute Convertible Arbitrage is -0.11 (i.e., Good 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

Significant diversification

The correlation between Federated Short Term Income and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Short Term 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 Short Term 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 industry.

Moving together with Federated Mutual Fund

0.73	EMDIX	Federated Emerging Market	Pair Corr
0.86	STFSX	Federated Strategic	Pair Corr
0.86	STIAX	Federated Strategic	Pair Corr
0.65	STILX	Federated Strategic	Pair Corr
0.89	STISX	Federated Strategic	Pair Corr
0.88	FRSAX	Federated Floating Rate	Pair Corr
0.88	FSHIX	Federated Short Inte	Pair Corr
0.74	INISX	Federated Intermediate	Pair Corr
0.86	FSHSX	Federated Short Inte	Pair Corr
0.98	FSTIX	Federated Short Term	Pair Corr
0.96	FSTYX	Federated Short Term	Pair Corr
0.72	FSTBX	Federated Global All	Pair Corr
0.81	SVALX	Federated Strategic Value	Pair Corr
0.95	FTIAX	Federated Short Term	Pair Corr
0.7	FTGLX	Federated Total Return	Pair Corr
0.62	FTGSX	Federated Total Return	Pair Corr
0.77	SVAAX	Federated Strategic Value	Pair Corr
0.79	SVAIX	Federated Strategic Value	Pair Corr
0.78	SVACX	Federated Strategic Value	Pair Corr
0.64	FTRBX	Federated Total Return	Pair Corr

Moving against Federated Mutual Fund

0.43	FRIEX	Federated Hermes Emerging	Pair Corr
0.37	QKBGX	Federated Mdt Balanced	Pair Corr
0.43	PIEFX	Pnc Emerging Markets	Pair Corr
0.31	RRFCX	Federated Real Return	Pair Corr

Related Correlations Analysis

	ARBOX	XNCVX	XAVKX	LCFYX	GCV
ARBOX		0.35	0.02	0.23	0.14	ARBOX
XNCVX	0.35		0.7	0.73	0.79	XNCVX
XAVKX	0.02	0.7		0.33	0.64	XAVKX
LCFYX	0.23	0.73	0.33		0.83	LCFYX
GCV	0.14	0.79	0.64	0.83		GCV
	ARBOX	XNCVX	XAVKX	LCFYX	GCV

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARBOX	0.12	(0.03)	0.00	(0.93)	0.00	0.00	0.17	(0.08)	3.34
XNCVX	0.75	0.01	(0.03)	0.10	0.99	(0.81)	1.29	(1.74)	5.47
XAVKX	0.62	(0.02)	0.00	(0.17)	0.00	0.00	1.13	(1.67)	3.27
LCFYX	0.79	0.00	0.00	0.06	0.95	(0.88)	1.41	(1.77)	4.63
GCV	0.83	0.05	0.02	0.18	0.89	(0.97)	2.19	(1.68)	4.42

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