Federated Hermes Correlations

Mutual Funds . USA . 
Fund . Federated Hermes Sdg
FHEQX Fund  USD 13.83  0.13  0.95%   
The current 90-days correlation between Federated Hermes Sdg and Boston Partners Small is -0.14 (i.e., Good diversification). The correlation of Federated Hermes 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 Hermes Correlation With Market

Good diversification

The correlation between Federated Hermes Sdg and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Hermes Sdg 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 Hermes Sdg. 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 producer price index.

Moving together with Federated Mutual Fund

  0.92EMDIX Federated Emerging MarketPairCorr
  0.97QKACX Federated Mdt AllPairCorr
  0.98QKBGX Federated Mdt BalancedPairCorr
  0.95SBFIX Federated Global AllPairCorr
  0.97FRIEX Federated Hermes EmergingPairCorr
  0.88STFSX Federated StrategicPairCorr
  0.87STIAX Federated StrategicPairCorr
  0.9STILX Federated StrategicPairCorr
  0.9STISX Federated StrategicPairCorr
  0.95FRSAX Federated Floating RatePairCorr
  0.95FSBCX Federated Global AllPairCorr
  0.95FSBKX Federated Global AllPairCorr
  0.95FSBLX Federated Global AllPairCorr
  0.98QLSGX Federated Mdt SmallPairCorr
  0.96QLSCX Federated Mdt SmallPairCorr
  0.9FSHIX Federated Short-intermediaPairCorr
  0.78INISX Federated IntermediatePairCorr
  0.91FSHSX Federated Short IntePairCorr
  0.8FSILX Federated Short TermPairCorr
  0.78FSTIX Federated Short TermPairCorr
  0.98FSTKX Federated Mdt LargePairCorr
  0.96FSTLX Federated Mdt LargePairCorr
  0.98FSTRX Federated Mdt LargePairCorr
  0.79FSTYX Federated Short TermPairCorr
  0.97FSTBX Federated Global AllPairCorr
  0.97PIEFX Pnc Emerging MarketsPairCorr
  0.96PIGDX Pnc International GrowthPairCorr
  0.87SVALX Federated Strategic ValuePairCorr
  0.79FTIAX Federated Short TermPairCorr
  0.87SVAAX Federated Strategic ValuePairCorr
  0.9SVAIX Federated Strategic ValuePairCorr
  0.87SVACX Federated Strategic ValuePairCorr
  0.96PIUCX Pnc International EquityPairCorr
  0.96PIUIX Pnc International EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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