Federated Short-term Correlations

Mutual Funds USA . 
Fund . Federated Short Term Income
FSTIX Fund  USD 8.56  0.01  0.12%   
The current 90-days correlation between Federated Short Term and Federated Emerging Market is 0.24 (i.e., Modest diversification). The correlation of Federated Short-term 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-term Correlation With Market

Good diversification

The correlation between Federated Short Term Income and DJI is -0.04 (i.e., Good 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

  0.87EMDIX Federated Emerging MarketPairCorr
  0.79SBFIX Federated Global AllPairCorr
  0.7FRIEX Federated Hermes EmergingPairCorr
  0.87STFSX Federated StrategicPairCorr
  0.87STIAX Federated StrategicPairCorr
  0.86STILX Federated StrategicPairCorr
  0.86STISX Federated StrategicPairCorr
  0.84FRSAX Federated Floating RatePairCorr
  0.79FSBCX Federated Global AllPairCorr
  0.78FSBKX Federated Global AllPairCorr
  0.79FSBLX Federated Global AllPairCorr
  0.91FSGVX Federated U SPairCorr
  0.86FSHIX Federated Short-intermediaPairCorr
  0.89FSGIX Federated Gov SecPairCorr
  0.88INISX Federated IntermediatePairCorr
  0.87FSHSX Federated Short-intermediaPairCorr
  0.96FSILX Federated Short TermPairCorr
  0.95FSTYX Federated Short TermPairCorr
  0.8FSTBX Federated Global AllPairCorr
  0.7PIEFX Pnc Emerging MarketsPairCorr
  0.96FTIAX Federated Short TermPairCorr
  0.91FTGLX Federated Total ReturnPairCorr
  0.89FTGSX Federated Total ReturnPairCorr
  0.64PIUIX Pnc International EquityPairCorr
  0.61RRFAX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Short-term 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-term'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMDIX  0.18  0.05  0.05 (2.59) 0.00 
(0.25)
 0.46 
(0.34)
 1.06 
QKACX  0.58 (0.02)(0.02) 0.02  0.88 
(0.54)
 1.27 
(1.27)
 4.34 
QKBGX  0.38 (0.01)(0.05) 0.02  0.52 
(0.37)
 0.84 
(0.72)
 2.77 
SBFIX  0.37  0.01 (0.01) 0.06  0.51 
(0.35)
 0.79 
(0.91)
 2.82 
FRIEX  0.82  0.06  0.04  0.12  1.04 
(0.89)
 1.64 
(1.61)
 6.21 
STFSX  0.14  0.02 (0.11) 0.58  0.04 
(0.18)
 0.24 
(0.24)
 1.08 
STIAX  0.14  0.01 (0.12) 0.57  0.00 
(0.20)
 0.24 
(0.24)
 1.18 
STILX  0.15  0.01 (0.09) 0.17  0.07 
(0.18)
 0.35 
(0.24)
 1.18 
STISX  0.14  0.01 (0.09) 0.18  0.00 
(0.20)
 0.36 
(0.24)
 1.19 
FRSAX  0.06  0.01 (0.25) 0.53  0.00 
(0.26)
 0.12 
(0.12)
 0.71 

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