Federated Short-term Correlations

FTIAX Fund

USD 8.56 0.01 0.12%

The current 90-days correlation between Federated Short Term and Goldman Sachs Emerging is 0.02 (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

Poor diversification

The correlation between Federated Short Term Income and DJI is 0.77 (i.e., 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 nation.

Moving together with Federated Mutual Fund

0.62	VBIRX	Vanguard Short Term	Pair Corr
0.65	VFSUX	Vanguard Short Term	Pair Corr
0.7	VFSIX	Vanguard Short Term	Pair Corr
0.7	VFSTX	Vanguard Short Term	Pair Corr
0.63	VBITX	Vanguard Short Term	Pair Corr
0.61	VBISX	Vanguard Short Term	Pair Corr
0.67	VSCSX	Vanguard Short Term	Pair Corr
0.65	LALDX	Lord Abbett Short	Pair Corr
0.74	LDLAX	Lord Abbett Short	Pair Corr
0.75	LDLRX	Lord Abbett Short	Pair Corr
0.74	SMPIX	Semiconductor Ultrasector	Pair Corr
0.74	SMPSX	Semiconductor Ultrasector	Pair Corr
0.66	RSNRX	Victory Global Natural	Pair Corr
0.65	RSNYX	Victory Global Natural	Pair Corr
0.65	RGNCX	Victory Global Natural	Pair Corr
0.74	EMSLX	Shelton Emerging Markets	Pair Corr
0.76	LMISX	Qs Large Cap	Pair Corr
0.7	INPFX	American Funds Income	Pair Corr

Moving against Federated Mutual Fund

0.45	T	ATT Inc Earnings Call Today	Pair Corr
0.43	HPQ	HP Inc	Pair Corr
0.39	MMM	3M Company	Pair Corr
0.36	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	TEOJX	PYEIX	TMSRX	MFTFX	PIEFX	SPMIX	GIRMX
TEOJX		0.86	0.03	0.94	0.99	0.76	1.0	TEOJX
PYEIX	0.86		0.1	0.93	0.79	0.92	0.83	PYEIX
TMSRX	0.03	0.1		0.11	0.03	0.3	0.04	TMSRX
MFTFX	0.94	0.93	0.11		0.9	0.84	0.93	MFTFX
PIEFX	0.99	0.79	0.03	0.9		0.7	0.99	PIEFX
SPMIX	0.76	0.92	0.3	0.84	0.7		0.74	SPMIX
GIRMX	1.0	0.83	0.04	0.93	0.99	0.74		GIRMX
	TEOJX	PYEIX	TMSRX	MFTFX	PIEFX	SPMIX	GIRMX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEOJX	0.63	0.13	0.12	0.27	0.61	(0.73)	1.59	(1.27)	4.27
PYEIX	0.13	0.03	(0.04)	0.26	0.00	(0.18)	0.28	(0.27)	1.08
TMSRX	0.12	(0.03)	0.00	(0.25)	0.00	0.00	0.23	(0.34)	2.16
MFTFX	1.07	0.18	0.10	0.86	1.23	(1.15)	2.06	(2.15)	6.76
PIEFX	0.80	0.10	0.09	0.19	0.80	(0.91)	1.67	(1.29)	5.25
SPMIX	0.78	0.13	0.14	0.16	0.62	(0.90)	1.81	(1.36)	6.89
GIRMX	0.65	0.11	0.11	0.24	0.60	(0.73)	1.32	(1.28)	4.16

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