Federated Correlations

FIGTX Fund

USD 9.66 0.04 0.42%

The current 90-days correlation between Federated U S and Vanguard Short Term Tax Exempt is 0.32 (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

Average diversification

The correlation between Federated U S and DJI is 0.15 (i.e., Average 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 estimate.

Moving together with Federated Mutual Fund

0.73	EMDIX	Federated Emerging Market	Pair Corr
0.74	STFSX	Federated Strategic	Pair Corr
0.76	STIAX	Federated Strategic	Pair Corr
0.76	STILX	Federated Strategic	Pair Corr
0.75	STISX	Federated Strategic	Pair Corr
0.88	FSGVX	Federated U S	Pair Corr
0.87	FSGIX	Federated Gov Sec	Pair Corr
0.94	INISX	Federated Intermediate	Pair Corr
0.61	FSHSX	Federated Short-intermedia	Pair Corr
0.64	FSTIX	Federated Short Term	Pair Corr
0.64	FTIAX	Federated Short Term	Pair Corr
0.96	FTIBX	Federated Global Total	Pair Corr
0.97	FTIIX	Federated Global Total	Pair Corr
0.97	FTGLX	Federated Total Return	Pair Corr
0.97	FTGSX	Federated Total Return	Pair Corr

Moving against Federated Mutual Fund

0.79	QKACX	Federated Mdt All	Pair Corr
0.76	FRSAX	Federated Floating Rate	Pair Corr
0.75	FSTKX	Federated Mdt Large	Pair Corr
0.75	FSTLX	Federated Mdt Large	Pair Corr
0.75	FSTRX	Federated Mdt Large	Pair Corr
0.69	QKBGX	Federated Mdt Balanced	Pair Corr
0.68	QLSCX	Federated Mdt Small	Pair Corr
0.67	QLSGX	Federated Mdt Small	Pair Corr
0.45	SVALX	Federated Strategic Value	Pair Corr
0.35	FRIEX	Federated Hermes Emerging	Pair Corr
0.35	PIEFX	Pnc Emerging Markets	Pair Corr
0.63	VSFSX	Federated Clover Small	Pair Corr
0.63	VSFRX	Federated Clover Small	Pair Corr
0.62	VSFCX	Federated Clover Small	Pair Corr
0.62	VSFAX	Federated Clover Small	Pair Corr
0.57	FDERX	Federated Equity Income	Pair Corr
0.48	FULLX	Federated Hermes Ult	Pair Corr
0.47	FULAX	Federated Ultrashort Bond	Pair Corr
0.45	SVAAX	Federated Strategic Value	Pair Corr

Related Correlations Analysis

	VWSTX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX
VWSTX		-0.55	0.0	-0.31	0.58	0.84	0.63	-0.36	0.23	0.56	VWSTX
444859BR2	-0.55		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.31	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	BRRAY
MSTSX	0.58	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	MSTSX
LBHIX	0.84	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	LBHIX
ABHYX	0.63	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	ABHYX
SCAXF	-0.36	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	SCAXF
VIASP	0.23	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	VIASP
AAEVX	0.56	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		AAEVX
	VWSTX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX

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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

LBHIX	+ 0.84	VWSTX
AAEVX	+ 0.75	MSTSX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	MSTSX
ABHYX	+ 0.63	VWSTX
MSTSX	+ 0.58	VWSTX

High negative correlations

VIASP	- 0.8	SCAXF
AAEVX	- 0.69	444859BR2
444859BR2	- 0.55	VWSTX
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
MSTSX	- 0.45	BRRAY

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
VWSTX	0.04	0.00	(1.02)	(0.13)	0.00	(0.12)	0.13	(0.06)	0.51
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76

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