Federated Gov Correlations

FSGIX Fund

USD 9.61 0.01 0.10%

The current 90-days correlation between Federated Gov Sec and Federated U S is 0.1 (i.e., Average diversification). The correlation of Federated Gov 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 Gov Correlation With Market

Average diversification

The correlation between Federated Gov Sec and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Gov Sec 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 Gov Sec. 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 gross domestic product.

Moving together with Federated Mutual Fund

0.86	FRSAX	Federated Floating Rate	Pair Corr
0.92	FSGVX	Federated U S	Pair Corr
0.65	FSHIX	Federated Short Inte	Pair Corr
0.94	FSILX	Federated Short Term	Pair Corr
0.89	FSTIX	Federated Short Term	Pair Corr
0.97	FSTYX	Federated Short Term	Pair Corr
0.92	FTIAX	Federated Short Term	Pair Corr

Moving against Federated Mutual Fund

0.47	FRIEX	Federated Hermes Emerging	Pair Corr
0.35	QKBGX	Federated Mdt Balanced	Pair Corr
0.47	PIEFX	Pnc Emerging Markets	Pair Corr
0.45	FTIBX	Federated Global Total	Pair Corr
0.42	FTIIX	Federated Global Total	Pair Corr
0.4	FSTKX	Federated Mdt Large	Pair Corr
0.4	FSTLX	Federated Mdt Large	Pair Corr
0.4	FSTRX	Federated Mdt Large	Pair Corr
0.33	SVALX	Federated Strategic Value	Pair Corr
0.51	PIUIX	Pnc International Equity	Pair Corr
0.48	PIUCX	Pnc International Equity	Pair Corr
0.34	SVACX	Federated Strategic Value	Pair Corr
0.33	SVAAX	Federated Strategic Value	Pair Corr
0.33	SVAIX	Federated Strategic Value	Pair Corr

Related Correlations Analysis

	FIGIX	FSTKX	FTRFX	FMXSX	INISX
FIGIX		0.25	0.74	0.31	0.94	FIGIX
FSTKX	0.25		0.7	0.99	0.34	FSTKX
FTRFX	0.74	0.7		0.74	0.8	FTRFX
FMXSX	0.31	0.99	0.74		0.41	FMXSX
INISX	0.94	0.34	0.8	0.41		INISX
	FIGIX	FSTKX	FTRFX	FMXSX	INISX

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Gov 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 Gov'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
FIGIX	0.13	(0.01)	(0.46)	0.47	0.14	(0.25)	0.42	(0.21)	1.04
FSTKX	0.76	(0.17)	0.00	(0.25)	0.00	0.00	1.26	(0.97)	14.89
FTRFX	0.22	(0.02)	0.00	(0.18)	0.00	0.00	0.64	(0.43)	1.39
FMXSX	0.80	(0.13)	0.00	(0.22)	0.00	0.00	1.20	(1.54)	13.51
INISX	0.17	(0.01)	(0.43)	0.87	0.17	(0.26)	0.59	(0.35)	1.07

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