Federated Short Correlations

Mutual Funds . USA . 
Fund . Federated Short Term Income
FSTYX Fund  USD 8.57  0.01  0.12%   
The current 90-days correlation between Federated Short Term and Gmo High Yield is -0.02 (i.e., Good diversification). The correlation of Federated Short 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 Correlation With Market

Good diversification

The correlation between Federated Short Term Income and DJI is -0.04 (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 unemployment.

Moving together with Federated Mutual Fund

  0.65EMDIX Federated Emerging MarketPairCorr
  0.83STFSX Federated StrategicPairCorr
  0.83STIAX Federated StrategicPairCorr
  0.84STILX Federated StrategicPairCorr
  0.73STISX Federated StrategicPairCorr
  0.74FRSAX Federated Floating RatePairCorr
  0.69FSHIX Federated Short IntePairCorr
  0.73INISX Federated IntermediatePairCorr
  0.68FSHSX Federated Short IntePairCorr
  0.99FSILX Federated Short TermPairCorr
  0.98FSTIX Federated Short TermPairCorr
  0.66FSTKX Federated Mdt LargePairCorr
  0.84SVALX Federated Strategic ValuePairCorr
  0.99FTIAX Federated Short TermPairCorr
  0.83SVAAX Federated Strategic ValuePairCorr
  0.63SVAIX Federated Strategic ValuePairCorr

Moving against Federated Mutual Fund

  0.46FRIEX Federated Hermes EmergingPairCorr
  0.56PIGDX Pnc International GrowthPairCorr
  0.36PIEFX Pnc Emerging MarketsPairCorr
  0.51RRFCX Federated Real ReturnPairCorr
  0.44RRFIX Federated Real ReturnPairCorr
  0.41RRFAX Federated Real ReturnPairCorr

Related Correlations Analysis


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

CFNLX
+ 0.99
TIMTX
TTRBX
+ 0.84
GHVIX
TTRBX
+ 0.8
MSTBX
MSTBX
+ 0.77
TIMTX
MSTBX
+ 0.76
CFNLX
MSTBX
+ 0.73
GHVIX
  

High negative correlations

MDMTX
- 0.01
GHVIX

Risk-Adjusted Indicators

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