Federated Short Correlations

Mutual Funds . USA . 
Fund . Federated Short Term Income
FSTIX Fund  USD 8.52  0.01  0.12%   
The current 90-days correlation between Federated Short Term and Semiconductor Ultrasector Profund is -0.11 (i.e., Good diversification). The correlation of Federated Short 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 Short Correlation With Market

Significant diversification

The correlation between Federated Short Term Income and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Short Term Income 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 Short Term Income. 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

  0.93EMDIX Federated Emerging MarketPairCorr
  0.61QKACX Federated Mdt AllPairCorr
  0.66SBFIX Federated Global AllPairCorr
  0.93STFSX Federated StrategicPairCorr
  0.74STIAX Federated StrategicPairCorr
  0.73STILX Federated StrategicPairCorr
  0.76STISX Federated StrategicPairCorr
  0.67FRSAX Federated Floating RatePairCorr
  0.7FSBCX Federated Global AllPairCorr
  0.7FSBKX Federated Global AllPairCorr
  0.91FSBLX Federated Global AllPairCorr
  0.68QLSCX Federated Mdt SmallPairCorr
  0.69FSGVX Federated U SPairCorr
  0.77FSHIX Federated Short-intermediaPairCorr
  0.64FSGIX Federated Gov SecPairCorr
  0.71INISX Federated IntermediatePairCorr
  0.72FSHSX Federated Short IntePairCorr
  0.96FSILX Federated Short TermPairCorr
  0.62FSTKX Federated Mdt LargePairCorr
  0.61FSTLX Federated Mdt LargePairCorr
  0.64FSTRX Federated Mdt LargePairCorr
  0.97FSTYX Federated Short TermPairCorr
  0.65FSTBX Federated Global AllPairCorr
  0.86PIEFX Pnc Emerging MarketsPairCorr
  0.82PIGDX Pnc International GrowthPairCorr
  0.67SVALX Federated Strategic ValuePairCorr
  0.97FTIAX Federated Short TermPairCorr
  0.67SVAAX Federated Strategic ValuePairCorr
  0.65PIUCX Pnc International EquityPairCorr
  0.65PIUIX Pnc International EquityPairCorr
  0.73RRFAX Federated Real ReturnPairCorr
  0.67RRFCX 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 Short 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 Short'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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