Federated Short-term 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 Morningstar Municipal Bond is 0.01 (i.e., Significant 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

Very poor diversification

The correlation between Federated Short Term Income and DJI is 0.89 (i.e., Very poor 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

  0.93EMDIX Federated Emerging MarketPairCorr
  0.75QKACX Federated Mdt AllPairCorr
  0.78QKBGX Federated Mdt BalancedPairCorr
  0.91SBFIX Federated Global AllPairCorr
  0.87FRIEX Federated Hermes EmergingPairCorr
  0.93STFSX Federated StrategicPairCorr
  0.93STIAX Federated StrategicPairCorr
  0.94STILX Federated StrategicPairCorr
  0.94STISX Federated StrategicPairCorr
  0.69FRSAX Federated Floating RatePairCorr
  0.9FSBCX Federated Global AllPairCorr
  0.91FSBKX Federated Global AllPairCorr
  0.93FSBLX Federated Global AllPairCorr
  0.77QLSGX Federated Mdt SmallPairCorr
  0.84QLSCX Federated Mdt SmallPairCorr
  0.95FSHIX Federated Short-intermediaPairCorr
  0.94INISX Federated IntermediatePairCorr
  0.94FSHSX Federated Short IntePairCorr
  0.97FSILX Federated Short TermPairCorr
  0.96FSTIX Federated Short TermPairCorr
  0.88FSTKX Federated Mdt LargePairCorr
  0.88FSTLX Federated Mdt LargePairCorr
  0.88FSTRX Federated Mdt LargePairCorr
  0.89FSTBX Federated Global AllPairCorr
  0.87PIEFX Pnc Emerging MarketsPairCorr
  0.9SVALX Federated Strategic ValuePairCorr
  0.97FTIAX Federated Short TermPairCorr
  0.78FTGLX Federated Total ReturnPairCorr
  0.74FTGSX Federated Total ReturnPairCorr
  0.9SVAAX Federated Strategic ValuePairCorr
  0.9SVAIX Federated Strategic ValuePairCorr
  0.9SVACX Federated Strategic ValuePairCorr
  0.88FTRBX Federated Total ReturnPairCorr

Moving against Federated Mutual Fund

  0.77PIGDX Pnc International GrowthPairCorr
  0.8PIUCX Pnc International EquityPairCorr
  0.8PIUIX Pnc International EquityPairCorr

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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