Federated Short-term Correlations

Mutual Funds . USA . 
Fund . Federated Short Term Income
FSILX Fund  USD 8.58  0.01  0.12%   
The current 90-days correlation between Federated Short Term and Old Westbury Municipal is -0.12 (i.e., Good diversification). The correlation of Federated Short-term 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 Short-term Correlation With Market

Significant diversification

The correlation between Federated Short Term Income and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Short Term Income 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 Short Term Income. 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 industry.

Moving together with Federated Mutual Fund

  0.91EMDIX Federated Emerging MarketPairCorr
  0.76QKACX Federated Mdt AllPairCorr
  0.76QKBGX Federated Mdt BalancedPairCorr
  0.78STFSX Federated StrategicPairCorr
  0.78STIAX Federated StrategicPairCorr
  0.75STILX Federated StrategicPairCorr
  0.75STISX Federated StrategicPairCorr
  0.89FRSAX Federated Floating RatePairCorr
  0.67QLSGX Federated Mdt SmallPairCorr
  0.75QLSCX Federated Mdt SmallPairCorr
  0.89FSHIX Federated Short IntePairCorr
  0.74INISX Federated IntermediatePairCorr
  0.84FSHSX Federated Short-intermediaPairCorr
  0.94FSTIX Federated Short TermPairCorr
  0.84FSTKX Federated Mdt LargePairCorr
  0.83FSTLX Federated Mdt LargePairCorr
  0.81FSTRX Federated Mdt LargePairCorr
  0.95FSTYX Federated Short TermPairCorr
  0.87SVALX Federated Strategic ValuePairCorr
  0.95FTIAX Federated Short TermPairCorr
  0.85SVAAX Federated Strategic ValuePairCorr
  0.85SVAIX Federated Strategic ValuePairCorr
  0.85SVACX Federated Strategic ValuePairCorr

Moving against Federated Mutual Fund

  0.32FRIEX Federated Hermes EmergingPairCorr
  0.61PIGDX Pnc International GrowthPairCorr
  0.57RRFCX Federated Real ReturnPairCorr
  0.55RRFIX Federated Real ReturnPairCorr
  0.52PIUCX Pnc International EquityPairCorr
  0.52PIUIX Pnc International EquityPairCorr
  0.51RRFAX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Short-term 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 Short-term'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.

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