Federated Correlations

FIGKX Fund

USD 9.67 0.01 0.10%

The current 90-days correlation between Federated U S and Pgim Conservative Retirement is 0.3 (i.e., Weak diversification). The correlation of Federated 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 Correlation With Market

Very good diversification

The correlation between Federated U S and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated U S 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 U S. 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 industry.

Moving together with Federated Mutual Fund

0.71	EMDIX	Federated Emerging Market	Pair Corr
0.74	STFSX	Federated Strategic	Pair Corr
0.74	STIAX	Federated Strategic	Pair Corr
0.75	STILX	Federated Strategic	Pair Corr
0.75	STISX	Federated Strategic	Pair Corr
0.92	FSGVX	Federated U S	Pair Corr
0.91	FSGIX	Federated Gov Sec	Pair Corr
0.97	INISX	Federated Intermediate	Pair Corr
0.63	FSHSX	Federated Short-intermedia	Pair Corr
0.61	FSILX	Federated Short Term	Pair Corr
0.71	FSTIX	Federated Short Term	Pair Corr
0.7	FTIAX	Federated Short Term	Pair Corr
0.98	FTIBX	Federated Global Total	Pair Corr
0.98	FTIIX	Federated Global Total	Pair Corr
0.99	FTGLX	Federated Total Return	Pair Corr
0.99	FTGSX	Federated Total Return	Pair Corr

Moving against Federated Mutual Fund

0.82	QKACX	Federated Mdt All	Pair Corr
0.82	FRSAX	Federated Floating Rate	Pair Corr
0.69	QKBGX	Federated Mdt Balanced	Pair Corr
0.69	QLSCX	Federated Mdt Small	Pair Corr
0.68	QLSGX	Federated Mdt Small	Pair Corr
0.32	SBFIX	Federated Global All	Pair Corr
0.32	FRIEX	Federated Hermes Emerging	Pair Corr
0.32	FSBLX	Federated Global All	Pair Corr
0.77	FSTKX	Federated Mdt Large	Pair Corr
0.77	FSTLX	Federated Mdt Large	Pair Corr
0.77	FSTRX	Federated Mdt Large	Pair Corr
0.5	SVALX	Federated Strategic Value	Pair Corr
0.32	PIEFX	Pnc Emerging Markets	Pair Corr
0.31	FSTBX	Federated Global All	Pair Corr
0.53	FULAX	Federated Ultrashort Bond	Pair Corr
0.5	SVAAX	Federated Strategic Value	Pair Corr
0.48	SVAIX	Federated Strategic Value	Pair Corr
0.47	SVACX	Federated Strategic Value	Pair Corr

Related Correlations Analysis

	PGFCX	QDARX	CFAIX	DTICX	MDVSX
PGFCX		0.1	0.84	0.53	-0.47	PGFCX
QDARX	0.1		0.32	0.35	-0.17	QDARX
CFAIX	0.84	0.32		0.72	-0.11	CFAIX
DTICX	0.53	0.35	0.72		-0.08	DTICX
MDVSX	-0.47	-0.17	-0.11	-0.08		MDVSX
	PGFCX	QDARX	CFAIX	DTICX	MDVSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CFAIX	+ 0.84	PGFCX
DTICX	+ 0.72	CFAIX
DTICX	+ 0.53	PGFCX
DTICX	+ 0.35	QDARX
CFAIX	+ 0.32	QDARX
QDARX	+ 0.1	PGFCX

High negative correlations

MDVSX	- 0.47	PGFCX
MDVSX	- 0.17	QDARX
MDVSX	- 0.11	CFAIX
MDVSX	- 0.08	DTICX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PGFCX	0.23	0.01	(0.31)	0.18	0.18	(0.28)	0.48	(0.48)	1.24
QDARX	0.11	(0.03)	0.00	(0.31)	0.00	0.00	0.16	(0.24)	0.73
CFAIX	0.24	(0.02)	(0.37)	0.05	0.24	(0.26)	0.44	(0.49)	1.26
DTICX	0.08	0.00	(0.80)	0.08	0.00	(0.15)	0.13	(0.13)	0.64
MDVSX	0.94	(0.35)	0.00	(0.18)	0.00	0.00	1.16	(1.03)	22.64

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