Federated Prudent Correlations

Mutual Funds . USA . 
Fund . Federated Prudent Bear
BEARX Fund  USD 4.52  0.02  0.44%   
The current 90-days correlation between Federated Prudent Bear and Gmo Global Equity is -0.4 (i.e., Very good diversification). The correlation of Federated Prudent 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 Prudent Correlation With Market

Very good diversification

The correlation between Federated Prudent Bear and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Prudent Bear and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Federated Prudent Bear. 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 metropolitan statistical area.

Moving against Federated Mutual Fund

  0.92SBFIX Federated Global AllPairCorr
  0.92FSBCX Federated Global AllPairCorr
  0.92FSBKX Federated Global AllPairCorr
  0.92FSBLX Federated Global AllPairCorr
  0.92FSTBX Federated Global AllPairCorr
  0.89QLSGX Federated Mdt SmallPairCorr
  0.88QLSCX Federated Mdt SmallPairCorr
  0.75STFSX Federated StrategicPairCorr
  0.75STIAX Federated StrategicPairCorr
  0.74STILX Federated StrategicPairCorr
  0.74STISX Federated StrategicPairCorr
  0.72EMDIX Federated Emerging MarketPairCorr
  0.7QKACX Federated Mdt AllPairCorr
  0.64FSHSX Federated Short-intermediaPairCorr
  0.63FSHIX Federated Short IntePairCorr
  0.61PIGDX Pnc International GrowthPairCorr
  0.59INISX Federated IntermediatePairCorr
  0.47QKBGX Federated Mdt BalancedPairCorr
  0.41FSTKX Federated Mdt LargePairCorr
  0.41FSTLX Federated Mdt LargePairCorr
  0.41FSTRX Federated Mdt LargePairCorr
  0.38SVALX Federated Strategic ValuePairCorr
  0.68FDBLX Federated BondPairCorr
  0.68FDBIX Federated BondPairCorr
  0.68FDBAX Federated BondPairCorr
  0.67FCSPX Federated Porate BondPairCorr
  0.66FDBCX Federated BondPairCorr
  0.64FUSGX Federated Fund ForPairCorr
  0.63FTRBX Federated Total ReturnPairCorr
  0.62FTRLX Federated Total ReturnPairCorr
  0.61FUSCX Federated Fund ForPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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