Federated Institutional Correlations

Mutual Funds USA . 
Fund . Federated Institutional High
FIHLX Fund  USD 9.00  0.03  0.33%   
The current 90-days correlation between Federated Institutional and Transamerica Emerging Markets is 0.71 (i.e., Poor diversification). The correlation of Federated Institutional 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 Institutional Correlation With Market

Poor diversification

The correlation between Federated Institutional High and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Institutional High 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 Institutional High. 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

  0.78FSHSX Federated Short-intermediaPairCorr
  0.94FSTLX Federated Mdt LargePairCorr
  0.9FSTRX Federated Mdt LargePairCorr
  0.93PIEFX Pnc Emerging MarketsPairCorr
  0.96PIGDX Pnc International GrowthPairCorr
  0.96PIUCX Pnc International EquityPairCorr
  0.96PIUIX Pnc International EquityPairCorr
  0.71FCSPX Federated Porate BondPairCorr
  0.82FULAX Federated Ultrashort BondPairCorr
  0.82FULBX Federated Ultrashort BondPairCorr
  0.79FDBLX Federated BondPairCorr
  0.81FGULX Federated GovernmentPairCorr
  0.87QAMNX Federated Hermes MdtPairCorr
  0.94QALGX Federated Mdt LargePairCorr
  0.99FHBRX Federated High IncomePairCorr
  0.76ICBRX Federated Hermes IntPairCorr
  0.81FHCOX Federated Hermes ConPairCorr
  1.0FHTIX Federated High YieldPairCorr
  0.96KLCIX Federated Kaufmann LargePairCorr
  0.94MXCCX Federated Max CapPairCorr
  0.91FMCRX Federated Mid CapPairCorr
  0.9FMSTX Federated Mdt LargePairCorr
  0.82FMUUX Federated MunicipalPairCorr
  0.96PEIRX Pnc International EquityPairCorr
  0.99VWEAX Vanguard High YieldPairCorr
  0.97VWEHX Vanguard High YieldPairCorr
  0.97BHYCX Blackrock Hi YldPairCorr
  0.99BHYIX Blackrock High YieldPairCorr
  0.99BHYSX Blackrock Hi YldPairCorr
  0.97BHYAX Blackrock High YieldPairCorr
  0.95FAHHX American Funds AmericanPairCorr
  0.95FTAHX American Funds AmericanPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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