Federated Ultrashort Correlations

Mutual Funds . USA . 
Fund . Federated Ultrashort Bond
FULBX Fund  USD 9.29  0.01  0.11%   
The current 90-days correlation between Federated Ultrashort Bond and T Rowe Price is -0.06 (i.e., Good diversification). The correlation of Federated Ultrashort 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 Ultrashort Correlation With Market

Good diversification

The correlation between Federated Ultrashort Bond and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Ultrashort Bond 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 Ultrashort Bond. 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 bureau of labor statistics.

Moving together with Federated Mutual Fund

  0.9EMDIX Federated Emerging MarketPairCorr
  0.87QKACX Federated Mdt AllPairCorr
  0.87QKBGX Federated Mdt BalancedPairCorr
  0.88SBFIX Federated Global AllPairCorr
  0.85FRIEX Federated Hermes EmergingPairCorr
  0.9STFSX Federated StrategicPairCorr
  0.9STIAX Federated StrategicPairCorr
  0.92STILX Federated StrategicPairCorr
  0.92STISX Federated StrategicPairCorr
  0.92FRSAX Federated Floating RatePairCorr
  0.88FSBCX Federated Global AllPairCorr
  0.88FSBKX Federated Global AllPairCorr
  0.88FSBLX Federated Global AllPairCorr
  0.88QLSGX Federated Mdt SmallPairCorr
  0.86QLSCX Federated Mdt SmallPairCorr
  0.72FSGVX Federated U SPairCorr
  0.96FSHIX Federated Short-intermediaPairCorr
  0.72FSGIX Federated Gov SecPairCorr
  0.94INISX Federated IntermediatePairCorr
  0.96FSHSX Federated Short IntePairCorr
  0.86FSILX Federated Short TermPairCorr
  0.97FSTIX Federated Short TermPairCorr
  0.86FSTKX Federated Mdt LargePairCorr
  0.86FSTLX Federated Mdt LargePairCorr
  0.79FSTRX Federated Mdt LargePairCorr
  0.98FSTYX Federated Short TermPairCorr
  0.87FSTBX Federated Global AllPairCorr
  0.74PIEFX Pnc Emerging MarketsPairCorr
  0.68PIGDX Pnc International GrowthPairCorr
  0.8SVALX Federated Strategic ValuePairCorr
  0.98FTIAX Federated Short TermPairCorr
  0.8SVAAX Federated Strategic ValuePairCorr
  0.8SVAIX Federated Strategic ValuePairCorr
  0.84SVACX Federated Strategic ValuePairCorr
  0.84PIUCX Pnc International EquityPairCorr
  0.85PIUIX Pnc International EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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