Federated Government Correlations

Mutual Funds . USA . 
Fund . Federated Government Income
FICMX Fund  USD 8.79  0.01  0.11%   
The current 90-days correlation between Federated Government and Jhancock Diversified Macro is 0.05 (i.e., Significant diversification). The correlation of Federated Government 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 Government Correlation With Market

Modest diversification

The correlation between Federated Government Income and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Government 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 Government 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 population.

Moving together with Federated Mutual Fund

  0.76SBFIX Federated Global AllPairCorr
  0.79FSBCX Federated Global AllPairCorr
  0.7FSHSX Federated Short-intermediaPairCorr
  0.85PIGDX Pnc International GrowthPairCorr
  0.95FTRBX Federated Total ReturnPairCorr
  0.99FTRGX Federated Total ReturnPairCorr
  0.96FTRLX Federated Total ReturnPairCorr
  0.98FUSCX Federated Fund ForPairCorr
  0.98FDBCX Federated BondPairCorr
  0.73VSFAX Federated Clover SmallPairCorr
  0.83LMFFX Federated Municipal BondPairCorr
  0.72PMIEX Pnc International EquityPairCorr
  0.82SINCX Federated StrategicPairCorr
  0.73FIGIX Federated U SPairCorr
  0.79FIMTX Federated IntermediatePairCorr
  0.86FIPRX Federated Hermes InfPairCorr
  0.74FISPX Federated Max CapPairCorr
  1.0FITSX Federated GovernmentPairCorr
  0.72QCLGX Federated Mdt LargePairCorr
  0.87OMIFX Federated Ohio MunicipalPairCorr
  0.72MXCCX Federated Max CapPairCorr
  0.72FMCRX Federated Mid CapPairCorr
  0.72FMCLX Federated Mid CapPairCorr
  0.69FMSTX Federated Mdt LargePairCorr
  0.68LEIFX Federated Equity IncomePairCorr

Moving against Federated Mutual Fund

  0.62BEARX Federated Prudent BearPairCorr
  0.64PBRIX Federated Prudent BearPairCorr
  0.61PBRCX Federated Prudent BearPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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