FEDERATED SHORT-TERM Correlations

FSILX Fund

USD 8.49 -0.02 -0.24%

Current 90-days correlation between Federated Short Term and Franklin Adjustable Government is -0.09 (i.e., Excellent diversification).Pairwise correlation with sector peers helps determine whether the stock offers truly differentiated exposure.

Correlation With Market Overview: FEDERATED SHORT-TERM

Good diversification

For the present investment horizon, the measured correlation between FEDERATED SHORT-TERM and Dow Jones stands at 0.15, or Good diversification. A 0.15 reading means FEDERATED SHORT-TERM and Dow Jones have partial price overlap, offering some diversification benefit.

Investing Opportunities provides context for diversified portfolio construction. The overall portfolio profile is shaped by the distribution of its holdings. Monitoring Federated Short Term Income within a portfolio highlights how it interacts with other holdings. The relative size of each holding follows the selected allocation framework. Broader economic conditions can influence Federated Short Term Income's mutual fund valuation — related indicators include signals in board of governors.

Moving together with FEDERATED Mutual Fund

0.63	EMDIX	Federated Emerging Market	Pair Corr
0.66	FRIEX	Federated Hermes Emerging	Pair Corr
0.8	STFSX	Federated Strategic	Pair Corr
0.81	STIAX	Federated Strategic	Pair Corr
0.78	STILX	Federated Strategic	Pair Corr
0.84	STISX	Federated Strategic	Pair Corr
0.65	FSBLX	Federated Global	Pair Corr
0.94	FSHIX	FEDERATED SHORT-INTERMEDIA	Pair Corr
0.83	INISX	Federated Intermediate	Pair Corr
0.93	FSHSX	FEDERATED SHORT-INTERMEDIA	Pair Corr
0.98	FSTIX	Federated Short Term	Pair Corr
0.72	FSTKX	Federated Mdt Large	Pair Corr
0.69	FSTLX	Federated Mdt Large	Pair Corr
0.72	FSTRX	Federated Mdt Large	Pair Corr
0.99	FSTYX	Federated Short Term	Pair Corr
0.66	PIEFX	Pnc Emerging Markets	Pair Corr
0.88	SVALX	Federated Strategic Value	Pair Corr
0.98	FTIAX	Federated Short Term	Pair Corr
0.85	FTGLX	Federated Total Return	Pair Corr
0.86	FTGSX	Federated Total Return	Pair Corr
0.88	SVAAX	Federated Strategic Value	Pair Corr
0.88	SVACX	Federated Strategic Value	Pair Corr
0.82	RRFAX	Federated Real Return	Pair Corr
0.81	RRFCX	Federated Real Return	Pair Corr
0.84	RRFIX	Federated Real Return	Pair Corr
0.81	FTRBX	Federated Total Return	Pair Corr
0.76	FTRFX	Federated Total Return	Pair Corr

Moving against FEDERATED Mutual Fund

0.43

FRSAX

Federated Floating Rate

Pair Corr

Related Correlations Analysis

	FRQXX	GMDPX	DPIGX	PGIQX	TGRXX	FISAX
FRQXX		0.0	0.0	0.0	0.0	0.0	FRQXX
GMDPX	0.0		0.96	0.89	0.0	0.66	GMDPX
DPIGX	0.0	0.96		0.93	0.0	0.65	DPIGX
PGIQX	0.0	0.89	0.93		0.0	0.63	PGIQX
TGRXX	0.0	0.0	0.0	0.0		0.0	TGRXX
FISAX	0.0	0.66	0.65	0.63	0.0		FISAX
	FRQXX	GMDPX	DPIGX	PGIQX	TGRXX	FISAX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DPIGX	+ 0.96	GMDPX
PGIQX	+ 0.93	DPIGX
PGIQX	+ 0.89	GMDPX
FISAX	+ 0.66	GMDPX
FISAX	+ 0.65	DPIGX
FISAX	+ 0.63	PGIQX

High negative correlations

FISAX	- 0.0	TGRXX
TGRXX	- 0.0	PGIQX
TGRXX	- 0.0	DPIGX
TGRXX	- 0.0	GMDPX
FISAX	- 0.0	FRQXX
TGRXX	- 0.0	FRQXX

Risk-Adjusted Indicators

Headline performance for FEDERATED Mutual Fund may not fully reflect how the business compares across its competitive set. Risk-adjusted metrics help compare FEDERATED SHORT-TERM's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FRQXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GMDPX	0.07	-0.01	0.00	-0.79	0.00	0.11	-0.21	0.64
DPIGX	0.09	-0.01	0.00	-0.60	0.00	0.21	-0.21	0.73
PGIQX	0.17	-0.02	0.00	-0.42	0.00	0.38	-0.37	1.25
TGRXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FISAX	0.05	0.00	0.38	-0.09	-0.19	0.13	-0.13	0.53

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