Federated Short Correlations

Mutual Funds . USA . 
Fund . Federated Short Term Income
FSTIX Fund  USD 8.57  0.01  0.12%   
The current 90-days correlation between Federated Short Term and Gmo Emerging Markets is 0.15 (i.e., Average 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 0.08 (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 gross domestic product.

Moving together with Federated Mutual Fund

  0.7EMDIX Federated Emerging MarketPairCorr
  0.72SBFIX Federated Global AllPairCorr
  0.87STFSX Federated StrategicPairCorr
  0.88STIAX Federated StrategicPairCorr
  0.71STILX Federated StrategicPairCorr
  0.88STISX Federated StrategicPairCorr
  0.87FRSAX Federated Floating RatePairCorr
  0.73FSBLX Federated Global AllPairCorr
  0.88FSHIX Federated Short IntePairCorr
  0.87INISX Federated IntermediatePairCorr
  0.92FSHSX Federated Short IntePairCorr
  0.98FSILX Federated Short TermPairCorr
  0.98FSTYX Federated Short TermPairCorr
  0.71FSTBX Federated Global AllPairCorr
  0.79SVALX Federated Strategic ValuePairCorr
  0.99FTIAX Federated Short TermPairCorr
  0.78FTGLX Federated Total ReturnPairCorr
  0.72FTGSX Federated Total ReturnPairCorr
  0.78SVAAX Federated Strategic ValuePairCorr
  0.79SVAIX Federated Strategic ValuePairCorr
  0.77SVACX Federated Strategic ValuePairCorr
  0.68FTRBX Federated Total ReturnPairCorr

Moving against Federated Mutual Fund

  0.35FRIEX Federated Hermes EmergingPairCorr
  0.31QKBGX Federated Mdt BalancedPairCorr
  0.32PIGDX Pnc International GrowthPairCorr
  0.31PIEFX Pnc Emerging MarketsPairCorr

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.

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