Federated Short-term Correlations

FSTYX Fund

USD 8.51 0.02 0.23%

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

Good diversification

The correlation between Federated Short Term Income and DJI is -0.11 (i.e., Good 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 manufacturing.

Moving together with Federated Mutual Fund

0.63	EMDIX	Federated Emerging Market	Pair Corr
0.98	FSGVX	Federated U S	Pair Corr
0.79	FSHIX	Federated Short-intermedia	Pair Corr
0.84	FSGIX	Federated Gov Sec	Pair Corr
0.94	INISX	Federated Intermediate	Pair Corr
0.77	FSHSX	Federated Short-intermedia	Pair Corr
0.96	FSILX	Federated Short Term	Pair Corr
0.99	FSTIX	Federated Short Term	Pair Corr
1.0	FTIAX	Federated Short Term	Pair Corr
0.95	FTGLX	Federated Total Return	Pair Corr
0.95	FTGSX	Federated Total Return	Pair Corr
0.93	RRFAX	Federated Real Return	Pair Corr
0.93	RRFCX	Federated Real Return	Pair Corr

Moving against Federated Mutual Fund

0.82	QLSGX	Federated Mdt Small	Pair Corr
0.79	QLSCX	Federated Mdt Small	Pair Corr
0.47	QKACX	Federated Mdt All	Pair Corr
0.4	QKBGX	Federated Mdt Balanced	Pair Corr
0.33	FSBCX	Federated Global All	Pair Corr
0.32	FSBKX	Federated Global All	Pair Corr
0.31	FSTBX	Federated Global All	Pair Corr

Related Correlations Analysis

	EMDIX	QKACX	QKBGX	SBFIX	FRIEX	STFSX	STIAX	STILX	STISX	FRSAX
EMDIX		0.11	0.17	0.41	0.88	0.92	0.93	0.93	0.92	0.65	EMDIX
QKACX	0.11		0.92	0.95	0.28	0.13	0.13	0.13	0.12	0.63	QKACX
QKBGX	0.17	0.92		0.88	0.33	0.19	0.19	0.19	0.18	0.64	QKBGX
SBFIX	0.41	0.95	0.88		0.55	0.43	0.42	0.43	0.42	0.79	SBFIX
FRIEX	0.88	0.28	0.33	0.55		0.83	0.83	0.83	0.82	0.71	FRIEX
STFSX	0.92	0.13	0.19	0.43	0.83		1.0	1.0	1.0	0.67	STFSX
STIAX	0.93	0.13	0.19	0.42	0.83	1.0		1.0	1.0	0.67	STIAX
STILX	0.93	0.13	0.19	0.43	0.83	1.0	1.0		1.0	0.67	STILX
STISX	0.92	0.12	0.18	0.42	0.82	1.0	1.0	1.0		0.66	STISX
FRSAX	0.65	0.63	0.64	0.79	0.71	0.67	0.67	0.67	0.66		FRSAX
	EMDIX	QKACX	QKBGX	SBFIX	FRIEX	STFSX	STIAX	STILX	STISX	FRSAX

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
EMDIX	0.23	(0.02)	(0.50)	0.51	(0.39)	2.45
QKACX	1.18	0.00	(0.07)	1.85	(2.22)	8.28
QKBGX	0.71	(0.03)	(0.51)	1.00	(1.34)	5.19
SBFIX	0.57	(0.11)	(2.76)	0.93	(1.20)	4.93
FRIEX	1.28	0.04	(0.02)	2.29	(2.66)	9.45
STFSX	0.20	(0.01)	(0.64)	0.37	(0.37)	2.11
STIAX	0.19	(0.01)	(0.18)	0.37	(0.37)	2.10
STILX	0.19	(0.01)	(0.18)	0.37	(0.37)	1.85
STISX	0.21	(0.01)	(0.21)	0.37	(0.37)	1.99
FRSAX	0.07	(0.02)	(0.38)	0.12	(0.12)	0.94

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