Federated Hermes Correlations

Mutual Funds . USA . 
Fund . Federated Hermes Inflation
FIPRX Fund  USD 9.87  0.04  0.41%   
The current 90-days correlation between Federated Hermes Inf and Prudential Financial Services is -0.07 (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 Inflation and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Hermes Inflation 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 Inflation. 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 metropolitan statistical area.

Moving together with Federated Mutual Fund

  0.63EMDIX Federated Emerging MarketPairCorr
  0.75STFSX Federated StrategicPairCorr
  0.75STIAX Federated StrategicPairCorr
  0.71STILX Federated StrategicPairCorr
  0.71STISX Federated StrategicPairCorr
  0.86FSGVX Federated U SPairCorr
  0.63FSHIX Federated Short-intermediaPairCorr
  0.85FSGIX Federated Gov SecPairCorr
  0.78INISX Federated IntermediatePairCorr
  0.62FSHSX Federated Short IntePairCorr
  0.69FSTYX Federated Short TermPairCorr
  0.62SVALX Federated Strategic ValuePairCorr
  0.74FTIAX Federated Short TermPairCorr
  0.83FTGLX Federated Total ReturnPairCorr
  0.83FTGSX Federated Total ReturnPairCorr
  0.62SVAAX Federated Strategic ValuePairCorr
  0.61SVAIX Federated Strategic ValuePairCorr
  0.89RRFAX Federated Real ReturnPairCorr
  0.71RRFCX 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 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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