Federated Institutional Correlations

FIHLX Fund

USD 8.93 0.01 0.11%

The current 90-days correlation between Federated Institutional and Franklin Lifesmart Retirement is 0.02 (i.e., Significant diversification). The correlation of Federated Institutional 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 Institutional Correlation With Market

Good diversification

The correlation between Federated Institutional High and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Institutional High 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 Institutional High. 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 bureau of economic analysis.

Moving together with Federated Mutual Fund

0.72	EMDIX	Federated Emerging Market	Pair Corr
0.64	STILX	Federated Strategic	Pair Corr
0.64	STISX	Federated Strategic	Pair Corr
0.88	FRSAX	Federated Floating Rate	Pair Corr
0.92	FSGVX	Federated U S	Pair Corr
0.71	FSHIX	Federated Short Inte	Pair Corr
0.87	FSGIX	Federated Gov Sec	Pair Corr
0.65	FSHSX	Federated Short-intermedia	Pair Corr
0.88	FSILX	Federated Short Term	Pair Corr
0.92	FSTIX	Federated Short Term	Pair Corr
0.89	FSTYX	Federated Short Term	Pair Corr
0.95	FTIAX	Federated Short Term	Pair Corr

Moving against Federated Mutual Fund

0.38	FRIEX	Federated Hermes Emerging	Pair Corr
0.38	PIEFX	Pnc Emerging Markets	Pair Corr
0.36	FSTKX	Federated Mdt Large	Pair Corr
0.36	FSTRX	Federated Mdt Large	Pair Corr
0.35	FSTLX	Federated Mdt Large	Pair Corr
0.33	SVALX	Federated Strategic Value	Pair Corr
0.35	SVACX	Federated Strategic Value	Pair Corr
0.35	PIUCX	Pnc International Equity	Pair Corr
0.35	PIUIX	Pnc International Equity	Pair Corr
0.34	SVAAX	Federated Strategic Value	Pair Corr
0.34	SVAIX	Federated Strategic Value	Pair Corr

Related Correlations Analysis

	FLMTX	JLKSX	SBMCX	TSIMX	WBRMEX
FLMTX		0.9	0.83	0.95	0.87	FLMTX
JLKSX	0.9		0.93	0.96	0.87	JLKSX
SBMCX	0.83	0.93		0.92	0.92	SBMCX
TSIMX	0.95	0.96	0.92		0.86	TSIMX
WBRMEX	0.87	0.87	0.92	0.86		WBRMEX
	FLMTX	JLKSX	SBMCX	TSIMX	WBRMEX

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Institutional 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 Institutional'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
FLMTX	0.25	(0.01)	(0.18)	0.06	0.36	(0.26)	0.57	(0.56)	1.98
JLKSX	0.55	(0.01)	(0.07)	0.07	0.81	(0.58)	1.22	(1.39)	4.51
SBMCX	0.50	(0.01)	(0.09)	0.05	0.78	(0.44)	0.92	(0.91)	3.77
TSIMX	0.36	(0.01)	(0.12)	0.06	0.55	(0.34)	0.67	(0.79)	2.47
WBRMEX	0.72	0.03	(0.02)	0.14	0.93	(0.77)	1.63	(1.15)	7.98

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