Federated Gov Correlations

FSGIXDelisted Fund

USD 9.65 0.00 0.00%

The current 90-days correlation between Federated Gov Sec and Neuberger Berman Mid is 0.16 (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

Very poor diversification

The correlation between Federated Gov Sec and DJI is 0.84 (i.e., Very poor 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. 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

0.79	VFIRX	Vanguard Short Term	Pair Corr
0.79	VFISX	Vanguard Short Term	Pair Corr
0.87	VSBIX	Vanguard Short Term	Pair Corr
0.82	VSGBX	Vanguard Short Term	Pair Corr
0.82	VSGDX	Vanguard Short Term	Pair Corr
0.75	FUMBX	Fidelity Short Term	Pair Corr
0.78	ECLDX	Eaton Vance Short	Pair Corr
0.79	EALDX	Eaton Vance Short	Pair Corr
0.79	EILDX	Eaton Vance Short	Pair Corr
0.81	EASDX	Eaton Vance Short	Pair Corr
0.63	RYMEX	Commodities Strategy	Pair Corr
0.62	RYMJX	Commodities Strategy	Pair Corr
0.63	RYMBX	Commodities Strategy	Pair Corr
0.85	BRUFX	Bruce Fund Bruce	Pair Corr
0.83	SPGSX	State Street Premier	Pair Corr
0.76	KF	Korea Closed	Pair Corr
0.86	MXKJX	Great West Goldman	Pair Corr
0.62	SPMVX	Invesco Steelpath Mlp	Pair Corr
0.86	GCEAX	Ab Global E	Pair Corr
0.81	FPPIX	Fidelity Advisor 529	Pair Corr
0.82	FBAKX	Fidelity Balanced	Pair Corr
0.74	VGRLX	Vanguard Global Ex	Pair Corr
0.72	NEITX	Nebraska Municipal	Pair Corr
0.86	JOBBX	Jpmorgan Smartretirement*	Pair Corr
0.8	IMOWX	Voya Midcap Opportunities	Pair Corr
0.78	VINIX	Vanguard Institutional	Pair Corr
0.91	JGERX	Jhancock Global Equity	Pair Corr
0.86	TRMIX	T Rowe Price	Pair Corr
0.86	PAHIX	T Rowe Price	Pair Corr
0.81	VVIAX	Vanguard Value Index	Pair Corr
0.76	SSKEX	State Street Emerging	Pair Corr
0.85	ASFYX	Asg Managed Futures	Pair Corr
0.81	FCFFX	Fidelity Advisor Freedom	Pair Corr
0.8	GIDAX	Goldman Sachs Intern	Pair Corr
0.86	GGMMX	Gabelli Global Mini	Pair Corr
0.8	IOWAX	Collegeadvantage 529	Pair Corr
0.81	CISAX	Copeland International	Pair Corr
0.77	WFEAX	Wells Fargo International	Pair Corr
0.62	NMNJX	Nuveen New Jersey	Pair Corr
0.71	SIGAX	Western Asset Porate	Pair Corr

Related Correlations Analysis

	MRLTX	NESGX	NELAX	NELIX	MECDX	BHCFX	ICPAX	RYDVX	BCV	NBREX
MRLTX		0.73	0.93	0.94	0.84	-0.49	0.34	-0.51	0.67	0.79	MRLTX
NESGX	0.73		0.74	0.76	0.87	-0.63	0.73	-0.57	0.92	0.96	NESGX
NELAX	0.93	0.74		0.94	0.86	-0.5	0.37	-0.47	0.77	0.77	NELAX
NELIX	0.94	0.76	0.94		0.86	-0.41	0.33	-0.56	0.76	0.8	NELIX
MECDX	0.84	0.87	0.86	0.86		-0.62	0.47	-0.62	0.8	0.87	MECDX
BHCFX	-0.49	-0.63	-0.5	-0.41	-0.62		-0.67	0.07	-0.56	-0.63	BHCFX
ICPAX	0.34	0.73	0.37	0.33	0.47	-0.67		-0.15	0.68	0.7	ICPAX
RYDVX	-0.51	-0.57	-0.47	-0.56	-0.62	0.07	-0.15		-0.46	-0.61	RYDVX
BCV	0.67	0.92	0.77	0.76	0.8	-0.56	0.68	-0.46		0.84	BCV
NBREX	0.79	0.96	0.77	0.8	0.87	-0.63	0.7	-0.61	0.84		NBREX
	MRLTX	NESGX	NELAX	NELIX	MECDX	BHCFX	ICPAX	RYDVX	BCV	NBREX

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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

NBREX	+ 0.96	NESGX
NELIX	+ 0.94	MRLTX
NELIX	+ 0.94	NELAX
NELAX	+ 0.93	MRLTX
BCV	+ 0.92	NESGX
MECDX	+ 0.87	NESGX

High negative correlations

ICPAX	- 0.67	BHCFX
NBREX	- 0.63	BHCFX
BHCFX	- 0.63	NESGX
RYDVX	- 0.62	MECDX
BHCFX	- 0.62	MECDX
NBREX	- 0.61	RYDVX

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
MRLTX	1.02	0.26	0.21	0.55	0.80	(1.21)	1.28	(1.84)	19.97
NESGX	1.30	0.24	0.17	0.20	1.40	(1.48)	3.07	(2.60)	7.79
NELAX	0.50	0.03	(0.04)	(0.38)	0.68	(0.48)	0.86	(1.17)	4.18
NELIX	0.48	0.02	(0.01)	0.09	0.59	(0.48)	0.87	(1.12)	4.03
MECDX	0.76	0.18	0.16	49.43	0.58	(0.91)	1.32	(1.23)	10.46
BHCFX	0.67	(0.04)	(0.07)	(0.02)	0.79	(0.79)	1.59	(1.34)	4.10
ICPAX	0.89	0.22	0.13	8.14	0.94	(0.97)	2.17	(1.96)	4.11
RYDVX	2.08	(0.80)	0.00	1.63	0.00	0.00	2.28	(1.60)	65.11
BCV	0.81	0.08	0.05	0.33	0.81	(0.91)	2.00	(1.57)	5.77
NBREX	0.73	0.09	0.10	0.15	0.67	(0.82)	1.72	(1.39)	4.10

Federated Gov Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Federated Gov mutual fund to make a market-neutral strategy. Peer analysis of Federated Gov could also be used in its relative valuation, which is a method of valuing Federated Gov by comparing valuation metrics with similar companies.

Amg Renaissance Large Needham Small Cap Nuveen Equity Longshort Nuveen Equity Longshort Mainstay Epoch Capital Baron Health Care Williston Basinmid North America Royce Dividend Value Bancroft Fund Limited Neuberger Berman Mid American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Still Interested in Federated Gov Sec?

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