Federated Short-intermedia Correlations

Mutual Funds . USA . 
Fund . Federated Short Intermediate Total
FGCSX Fund  USD 10.14  0.01  0.1%   
The current 90-days correlation between Federated Short-intermedia and Federated Emerging Market is 0.13 (i.e., Average diversification). The correlation of Federated Short-intermedia 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-intermedia Correlation With Market

Good diversification

The correlation between Federated Short Intermediate T and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Short Intermediate T 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 Intermediate Total. 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 state.

Moving together with Federated Mutual Fund

  0.87EMDIX Federated Emerging MarketPairCorr
  0.8QKACX Federated Mdt AllPairCorr
  0.82QKBGX Federated Mdt BalancedPairCorr
  0.84SBFIX Federated Global AllPairCorr
  0.79FRIEX Federated Hermes EmergingPairCorr
  0.93STFSX Federated StrategicPairCorr
  0.93STIAX Federated StrategicPairCorr
  0.92STILX Federated StrategicPairCorr
  0.92STISX Federated StrategicPairCorr
  0.85FRSAX Federated Floating RatePairCorr
  0.84FSBCX Federated Global AllPairCorr
  0.84FSBKX Federated Global AllPairCorr
  0.84FSBLX Federated Global AllPairCorr
  0.79QLSGX Federated Mdt SmallPairCorr
  0.79QLSCX Federated Mdt SmallPairCorr
  0.96FSGVX Federated U SPairCorr
  0.9FSHIX Federated Short-intermediaPairCorr
  0.94FSGIX Federated Gov SecPairCorr
  0.98INISX Federated IntermediatePairCorr
  0.9FSHSX Federated Short IntePairCorr
  0.97FSILX Federated Short TermPairCorr
  0.97FSTIX Federated Short TermPairCorr
  0.8FSTKX Federated Mdt LargePairCorr
  0.81FSTLX Federated Mdt LargePairCorr
  0.8FSTRX Federated Mdt LargePairCorr
  0.97FSTYX Federated Short TermPairCorr
  0.82FSTBX Federated Global AllPairCorr
  0.79PIEFX Pnc Emerging MarketsPairCorr
  0.76PIGDX Pnc International GrowthPairCorr
  0.83SVALX Federated Strategic ValuePairCorr
  0.97FTIAX Federated Short TermPairCorr
  0.82FTGLX Federated Total ReturnPairCorr
  0.8FTGSX Federated Total ReturnPairCorr
  0.83SVAAX Federated Strategic ValuePairCorr
  0.83SVAIX Federated Strategic ValuePairCorr
  0.83SVACX Federated Strategic ValuePairCorr
  0.78PIUCX Pnc International EquityPairCorr
  0.78PIUIX Pnc International EquityPairCorr
  0.82RRFAX Federated Real ReturnPairCorr
  0.78RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Short-intermedia 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-intermedia'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMDIX  0.19  0.09 (0.13) 1.31  0.00 
(0.29)
 0.51 
(0.25)
 1.10 
QKACX  0.65  0.16  0.17  0.30  0.43 
(0.82)
 1.97 
(1.28)
 4.99 
QKBGX  0.40  0.09  0.05  0.29  0.24 
(0.45)
 1.29 
(0.88)
 2.90 
SBFIX  0.36  0.09  0.04  0.32  0.00 
(0.43)
 1.11 
(0.71)
 2.23 
FRIEX  0.66  0.19  0.17  0.50  0.19 
(0.77)
 2.36 
(1.08)
 4.12 
STFSX  0.18  0.02 (0.31) 0.27  0.02 
(0.23)
 0.49 
(0.36)
 1.11 
STIAX  0.19  0.02 (0.34) 0.26  0.08 
(0.22)
 0.37 
(0.36)
 1.10 
STILX  0.18  0.03 (0.34) 0.40  0.00 
(0.22)
 0.37 
(0.25)
 0.87 
STISX  0.16  0.03 (0.32) 0.46  0.00 
(0.21)
 0.37 
(0.25)
 1.00 
FRSAX  0.07  0.03  0.00  1.19  0.00 
 0.00 
 0.24 
 0.00 
 0.70 

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