Federated Ultrashort Correlations

Mutual Funds . USA . 
Fund . Federated Ultrashort Bond
FULIX Fund  USD 9.30  0.00  0.00%   
The current 90-days correlation between Federated Ultrashort Bond and Vy Blackrock Inflation is 0.09 (i.e., Significant 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

Significant diversification

The correlation between Federated Ultrashort Bond and DJI is 0.02 (i.e., Significant 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 inflation.

Moving together with Federated Mutual Fund

  0.97EMDIX Federated Emerging MarketPairCorr
  0.91QKACX Federated Mdt AllPairCorr
  0.93QKBGX Federated Mdt BalancedPairCorr
  0.93SBFIX Federated Global AllPairCorr
  0.85FRIEX Federated Hermes EmergingPairCorr
  0.68STFSX Federated StrategicPairCorr
  0.96STIAX Federated StrategicPairCorr
  0.95STILX Federated StrategicPairCorr
  0.96STISX Federated StrategicPairCorr
  0.96FRSAX Federated Floating RatePairCorr
  0.92FSBCX Federated Global AllPairCorr
  0.92FSBKX Federated Global AllPairCorr
  0.93FSBLX Federated Global AllPairCorr
  0.92QLSGX Federated Mdt SmallPairCorr
  0.89QLSCX Federated Mdt SmallPairCorr
  0.97FSGVX Federated U SPairCorr
  0.99FSHIX Federated Short-intermediaPairCorr
  0.96FSGIX Federated Gov SecPairCorr
  0.96INISX Federated IntermediatePairCorr
  0.98FSHSX Federated Short-intermediaPairCorr
  0.97FSILX Federated Short TermPairCorr
  0.99FSTIX Federated Short TermPairCorr
  0.84FSTKX Federated Mdt LargePairCorr
  0.85FSTLX Federated Mdt LargePairCorr
  0.84FSTRX Federated Mdt LargePairCorr
  0.68FSTYX Federated Short TermPairCorr
  0.92FSTBX Federated Global AllPairCorr
  0.85PIEFX Pnc Emerging MarketsPairCorr
  0.69PIGDX Pnc International GrowthPairCorr
  0.68FTIAX Federated Short TermPairCorr
  0.91FTGLX Federated Total ReturnPairCorr
  0.89FTGSX Federated Total ReturnPairCorr
  0.87SVAIX Federated Strategic ValuePairCorr
  0.86SVACX Federated Strategic ValuePairCorr
  0.77PIUCX Pnc International EquityPairCorr
  0.79PIUIX Pnc International EquityPairCorr
  0.94RRFAX Federated Real ReturnPairCorr
  0.93RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis


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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