Federated Hermes Correlations

Mutual Funds . USA . 
Fund . Federated Hermes Emerging
FRIEX Fund  USD 17.33  0.15  0.86%   
The current 90-days correlation between Federated Hermes Emerging and Goldman Sachs Emerging is 0.96 (i.e., Almost no 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

Poor diversification

The correlation between Federated Hermes Emerging and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Hermes Emerging 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 Emerging. 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 income.

Moving together with Federated Mutual Fund

  0.94EMDIX Federated Emerging MarketPairCorr
  0.96QKACX Federated Mdt AllPairCorr
  0.97QKBGX Federated Mdt BalancedPairCorr
  0.97SBFIX Federated Global AllPairCorr
  0.85STFSX Federated StrategicPairCorr
  0.85STIAX Federated StrategicPairCorr
  0.87STILX Federated StrategicPairCorr
  0.87STISX Federated StrategicPairCorr
  0.91FRSAX Federated Floating RatePairCorr
  0.97FSBCX Federated Global AllPairCorr
  0.97FSBKX Federated Global AllPairCorr
  0.97FSBLX Federated Global AllPairCorr
  0.97QLSGX Federated Mdt SmallPairCorr
  0.96QLSCX Federated Mdt SmallPairCorr
  0.73FSHIX Federated Short-intermediaPairCorr
  0.66INISX Federated IntermediatePairCorr
  0.72FSHSX Federated Short-intermediaPairCorr
  0.61FSTIX Federated Short TermPairCorr
  0.95FSTKX Federated Mdt LargePairCorr
  0.95FSTLX Federated Mdt LargePairCorr
  0.95FSTRX Federated Mdt LargePairCorr
  0.63FSTYX Federated Short TermPairCorr
  0.97FSTBX Federated Global AllPairCorr
  1.0PIEFX Pnc Emerging MarketsPairCorr
  0.97PIGDX Pnc International GrowthPairCorr
  0.76SVALX Federated Strategic ValuePairCorr
  0.61FTIAX Federated Short TermPairCorr
  0.69SVAAX Federated Strategic ValuePairCorr
  0.77SVAIX Federated Strategic ValuePairCorr
  0.74SVACX Federated Strategic ValuePairCorr
  0.97PIUCX Pnc International EquityPairCorr
  0.97PIUIX Pnc International EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY