Federated Correlations

FSGIX Fund

USD 9.63 0.01 0.10%

The current 90-days correlation between Federated Gov Sec and Oakhurst Short Duration is -0.18 (i.e., Good diversification). The correlation of Federated 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 Correlation With Market

Very good diversification

The correlation between Federated Gov Sec and DJI is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Gov Sec 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 Gov Sec. 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 gross domestic product.

Moving together with Federated Mutual Fund

0.62	STFSX	Federated Strategic	Pair Corr
0.62	STIAX	Federated Strategic	Pair Corr
0.61	STILX	Federated Strategic	Pair Corr
0.61	STISX	Federated Strategic	Pair Corr
0.96	FSGVX	Federated U S	Pair Corr
0.63	FSHIX	Federated Short-intermedia	Pair Corr
0.78	INISX	Federated Intermediate	Pair Corr
0.65	FSHSX	Federated Short Inte	Pair Corr
0.8	FSTIX	Federated Short Term	Pair Corr
0.77	FSTYX	Federated Short Term	Pair Corr
0.8	FTIAX	Federated Short Term	Pair Corr
0.75	FTGLX	Federated Total Return	Pair Corr
0.72	FTGSX	Federated Total Return	Pair Corr
0.71	RRFAX	Federated Real Return	Pair Corr
0.67	RRFCX	Federated Real Return	Pair Corr
0.72	RRFIX	Federated Real Return	Pair Corr

Moving against Federated Mutual Fund

0.35

BEARX

Federated Prudent Bear Potential Growth

Pair Corr

Related Correlations Analysis

	OHSHX	BXDCX	BPIRX	CRLSX	BDMKX	SWSFX
OHSHX		0.88	0.96	0.95	0.96	0.87	OHSHX
BXDCX	0.88		0.86	0.83	0.93	0.95	BXDCX
BPIRX	0.96	0.86		0.98	0.95	0.88	BPIRX
CRLSX	0.95	0.83	0.98		0.95	0.86	CRLSX
BDMKX	0.96	0.93	0.95	0.95		0.95	BDMKX
SWSFX	0.87	0.95	0.88	0.86	0.95		SWSFX
	OHSHX	BXDCX	BPIRX	CRLSX	BDMKX	SWSFX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OHSHX	0.20	0.01	(0.15)	0.20	0.31	(0.26)	0.48	(0.38)	1.72
BXDCX	0.09	0.01	(0.46)	(0.43)	0.00	(0.15)	0.22	(0.22)	0.75
BPIRX	0.56	0.03	(0.01)	0.15	0.98	(0.58)	1.14	(1.35)	5.93
CRLSX	0.93	0.11	0.05	0.22	1.40	(0.96)	1.91	(2.35)	11.77
BDMKX	0.12	0.03	(0.28)	16.42	0.00	(0.17)	0.22	(0.22)	0.77
SWSFX	0.06	0.01	(0.59)	(1.00)	0.00	(0.18)	0.10	(0.10)	0.49

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