Federated Floating Correlations

Mutual Funds . USA . 
Fund . Federated Floating Rate
FRSAX Fund  USD 8.60  0.01  0.12%   
The current 90-days correlation between Federated Floating Rate and Mid Cap Growth Profund is 0.18 (i.e., Average diversification). The correlation of Federated Floating 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 Floating Correlation With Market

Modest diversification

The correlation between Federated Floating Rate and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Floating Rate 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 Floating Rate. 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 nation.

Moving together with Federated Mutual Fund

  0.62EMDIX Federated Emerging MarketPairCorr
  0.97QKACX Federated Mdt AllPairCorr
  0.86QKBGX Federated Mdt BalancedPairCorr
  0.98SBFIX Federated Global AllPairCorr
  0.83FRIEX Federated Hermes EmergingPairCorr
  0.84STIAX Federated StrategicPairCorr
  0.86STILX Federated StrategicPairCorr
  0.93STISX Federated StrategicPairCorr
  0.84FSBCX Federated Global AllPairCorr
  0.84FSBKX Federated Global AllPairCorr
  0.66FSBLX Federated Global AllPairCorr
  0.97QLSGX Federated Mdt SmallPairCorr
  0.83QLSCX Federated Mdt SmallPairCorr
  0.67FSGVX Federated U SPairCorr
  0.88FSHIX Federated Short-intermediaPairCorr
  0.62FSGIX Federated Gov SecPairCorr
  0.88INISX Federated IntermediatePairCorr
  0.98FSHSX Federated Short IntePairCorr
  0.67FSILX Federated Short TermPairCorr
  0.67FSTIX Federated Short TermPairCorr
  0.97FSTKX Federated Mdt LargePairCorr
  0.98FSTLX Federated Mdt LargePairCorr
  0.97FSTRX Federated Mdt LargePairCorr
  0.68FSTYX Federated Short TermPairCorr
  0.97FSTBX Federated Global AllPairCorr
  0.61PIEFX Pnc Emerging MarketsPairCorr
  0.79SVALX Federated Strategic ValuePairCorr
  0.68FTIAX Federated Short TermPairCorr
  0.78SVAAX Federated Strategic ValuePairCorr
  0.79SVAIX Federated Strategic ValuePairCorr
  0.79SVACX Federated Strategic ValuePairCorr
  0.94PIUCX Pnc International EquityPairCorr
  0.95PIUIX 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 Floating 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 Floating'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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