Federated Prudent Correlations

Mutual Funds . USA . 
Fund . Federated Prudent Bear
BEARX Fund  USD 4.35  0.03  0.69%   
The current 90-days correlation between Federated Prudent Bear and Goldman Sachs Investment is -0.35 (i.e., Very good diversification). The correlation of Federated Prudent 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 Prudent Correlation With Market

Significant diversification

The correlation between Federated Prudent Bear and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Prudent Bear and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Federated Prudent Bear. 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 metropolitan statistical area.

Moving against Federated Mutual Fund

  0.99QLSGX Federated Mdt SmallPairCorr
  0.95QKACX Federated Mdt AllPairCorr
  0.95QKBGX Federated Mdt BalancedPairCorr
  0.95SBFIX Federated Global AllPairCorr
  0.95FRIEX Federated Hermes EmergingPairCorr
  0.95FRSAX Federated Floating RatePairCorr
  0.95FSBCX Federated Global AllPairCorr
  0.95FSBKX Federated Global AllPairCorr
  0.95FSBLX Federated Global AllPairCorr
  0.93QLSCX Federated Mdt SmallPairCorr
  0.91EMDIX Federated Emerging MarketPairCorr
  0.89STISX Federated StrategicPairCorr
  0.86STILX Federated StrategicPairCorr
  0.76STFSX Federated StrategicPairCorr
  0.76STIAX Federated StrategicPairCorr
  0.75FSHIX Federated Short-intermediaPairCorr
  0.36FSGVX Federated U SPairCorr
  0.99FSTBX Federated Global AllPairCorr
  0.98FSTKX Federated Mdt LargePairCorr
  0.96PIEFX Pnc Emerging MarketsPairCorr
  0.96PIGDX Pnc International GrowthPairCorr
  0.94FSTLX Federated Mdt LargePairCorr
  0.94FSTRX Federated Mdt LargePairCorr
  0.85FSTYX Federated Short TermPairCorr
  0.83FSTIX Federated Short TermPairCorr
  0.83FTIAX Federated Short TermPairCorr
  0.8FSILX Federated Short TermPairCorr
  0.8SVALX Federated Strategic ValuePairCorr
  0.79SVAAX Federated Strategic ValuePairCorr
  0.75INISX Federated IntermediatePairCorr
  0.75FSHSX Federated Short IntePairCorr
  0.42FSGIX Federated Gov SecPairCorr
  0.97PIUCX Pnc International EquityPairCorr
  0.94PIUIX Pnc International EquityPairCorr
  0.86FULIX Federated Ultrashort BondPairCorr
  0.82FULBX Federated Ultrashort BondPairCorr
  0.81FULAX Federated Ultrashort BondPairCorr
  0.79SVAIX Federated Strategic ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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