Federated Government Correlations

Mutual Funds . USA . 
Fund . Federated Government Ultrashort
FGUAX Fund  USD 9.75  0.00  0.00%   
The current 90-days correlation between Federated Government and Pace Smallmedium Value is 0.03 (i.e., Significant diversification). The correlation of Federated Government 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 Government Correlation With Market

Modest diversification

The correlation between Federated Government Ultrashor and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Government Ultrashor 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 Government Ultrashort. 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

  0.94EMDIX Federated Emerging MarketPairCorr
  0.91QKACX Federated Mdt AllPairCorr
  0.92QKBGX Federated Mdt BalancedPairCorr
  0.93SBFIX Federated Global AllPairCorr
  0.9FRIEX Federated Hermes EmergingPairCorr
  0.93STFSX Federated StrategicPairCorr
  0.93STIAX Federated StrategicPairCorr
  0.94STILX Federated StrategicPairCorr
  0.94STISX Federated StrategicPairCorr
  0.96FRSAX Federated Floating RatePairCorr
  0.93FSBCX Federated Global AllPairCorr
  0.93FSBKX Federated Global AllPairCorr
  0.93FSBLX Federated Global AllPairCorr
  0.91QLSGX Federated Mdt SmallPairCorr
  0.91QLSCX Federated Mdt SmallPairCorr
  0.88FSGVX Federated U SPairCorr
  0.98FSHIX Federated Short-intermediaPairCorr
  0.83FSGIX Federated Gov SecPairCorr
  0.95INISX Federated IntermediatePairCorr
  0.98FSHSX Federated Short IntePairCorr
  0.97FSILX Federated Short TermPairCorr
  0.97FSTIX Federated Short TermPairCorr
  0.92FSTKX Federated Mdt LargePairCorr
  0.92FSTLX Federated Mdt LargePairCorr
  0.92FSTRX Federated Mdt LargePairCorr
  0.97FSTYX Federated Short TermPairCorr
  0.92FSTBX Federated Global AllPairCorr
  0.9PIEFX Pnc Emerging MarketsPairCorr
  0.85PIGDX Pnc International GrowthPairCorr
  0.92SVALX Federated Strategic ValuePairCorr
  0.97FTIAX Federated Short TermPairCorr
  0.63FTGLX Federated Total ReturnPairCorr
  0.61FTGSX Federated Total ReturnPairCorr
  0.92SVAAX Federated Strategic ValuePairCorr
  0.92SVAIX Federated Strategic ValuePairCorr
  0.92SVACX Federated Strategic ValuePairCorr
  0.87PIUCX Pnc International EquityPairCorr
  0.87PIUIX Pnc International EquityPairCorr
  0.65RRFAX Federated Real ReturnPairCorr

Moving against Federated Mutual Fund

  0.9BEARX Federated Prudent BearPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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