Federated High Correlations

Mutual Funds . USA . 
Fund . Federated High Yield
FHYLX Fund  USD 6.48  0.01  0.15%   
The current 90-days correlation between Federated High Yield and Allianzgi Diversified Income is 0.76 (i.e., Poor diversification). The correlation of Federated High 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 High Correlation With Market

Good diversification

The correlation between Federated High Yield and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated High Yield 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 High Yield. 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 bureau of economic analysis.

Moving together with Federated Mutual Fund

  0.98EMDIX Federated Emerging MarketPairCorr
  0.7QKACX Federated Mdt AllPairCorr
  0.62QKBGX Federated Mdt BalancedPairCorr
  0.62SBFIX Federated Global AllPairCorr
  0.95STFSX Federated StrategicPairCorr
  0.65STIAX Federated StrategicPairCorr
  0.97STISX Federated StrategicPairCorr
  0.99FRSAX Federated Floating RatePairCorr
  0.99FSBCX Federated Global AllPairCorr
  0.62FSBKX Federated Global AllPairCorr
  0.99FSBLX Federated Global AllPairCorr
  0.98QLSGX Federated Mdt SmallPairCorr
  0.98QLSCX Federated Mdt SmallPairCorr
  0.75FSGVX Federated U SPairCorr
  0.97FSHIX Federated Short-intermediaPairCorr
  0.69FSGIX Federated Gov SecPairCorr
  0.92INISX Federated IntermediatePairCorr
  0.98FSHSX Federated Short IntePairCorr
  0.92FSILX Federated Short TermPairCorr
  0.92FSTIX Federated Short TermPairCorr
  0.98FSTKX Federated Mdt LargePairCorr
  0.62FSTLX Federated Mdt LargePairCorr
  0.98FSTRX Federated Mdt LargePairCorr
  0.92FSTYX Federated Short TermPairCorr
  0.97PIEFX Pnc Emerging MarketsPairCorr
  0.64PIGDX Pnc International GrowthPairCorr
  0.93SVALX Federated Strategic ValuePairCorr
  0.92FTIAX Federated Short TermPairCorr
  0.93SVAAX Federated Strategic ValuePairCorr
  0.93SVACX 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 High 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 High'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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