Federated Floating Correlations

FRSAX Fund

USD 8.50 0.01 0.12%

The current 90-days correlation between Federated Floating Rate and Ishares Municipal Bond is 0.03 (i.e., Significant diversification). The correlation of Federated Floating 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 Floating Correlation With Market

Poor diversification

The correlation between Federated Floating Rate and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Floating Rate 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 Floating Rate. 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 nation.

Moving together with Federated Mutual Fund

0.73	QKACX	Federated Mdt All	Pair Corr
0.66	QKBGX	Federated Mdt Balanced	Pair Corr
0.73	QLSGX	Federated Mdt Small	Pair Corr
0.67	QLSCX	Federated Mdt Small	Pair Corr
0.61	INISX	Federated Intermediate	Pair Corr
0.65	FSTLX	Federated Mdt Large	Pair Corr
0.63	FSTRX	Federated Mdt Large	Pair Corr
0.74	FSTYX	Federated Short Term	Pair Corr
0.77	FTIAX	Federated Short Term	Pair Corr
0.61	FTRBX	Federated Total Return	Pair Corr
0.68	FTRFX	Federated Total Return	Pair Corr
0.63	FTRKX	Federated Total Return	Pair Corr
0.61	FTRLX	Federated Total Return	Pair Corr

Moving against Federated Mutual Fund

0.6	PIGDX	Pnc International Growth	Pair Corr
0.63	PIUIX	Pnc International Equity	Pair Corr
0.57	PIUCX	Pnc International Equity	Pair Corr

Related Correlations Analysis

	PCMNX	NEITX	MSTPX	HHMAX	FYMNX	BIDPX
PCMNX		0.94	0.98	0.99	0.95	0.95	PCMNX
NEITX	0.94		0.96	0.96	0.98	0.94	NEITX
MSTPX	0.98	0.96		0.97	0.98	0.95	MSTPX
HHMAX	0.99	0.96	0.97		0.96	0.95	HHMAX
FYMNX	0.95	0.98	0.98	0.96		0.94	FYMNX
BIDPX	0.95	0.94	0.95	0.95	0.94		BIDPX
	PCMNX	NEITX	MSTPX	HHMAX	FYMNX	BIDPX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Floating 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 Floating'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PCMNX	0.06	0.02	(0.44)	(3.89)	(0.10)	0.16	(0.08)	0.48
NEITX	0.05	0.01	0.00	2.24	0.00	0.22	0.00	0.65
MSTPX	0.05	0.01	0.00	(2.21)	0.00	0.10	(0.10)	0.40
HHMAX	0.07	0.01	(0.40)	1.52	(0.15)	0.12	(0.12)	0.60
FYMNX	0.07	0.02	(0.45)	(9.73)	(0.14)	0.19	(0.09)	0.66
BIDPX	0.07	0.01	(0.49)	0.51	(0.14)	0.18	(0.09)	0.64

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