Federated Short-term Correlations

Mutual Funds . USA . 
Fund . Federated Short Term Income
FTIAX Fund  USD 8.53  0.01  0.12%   
The current 90-days correlation between Federated Short Term and Federated Emerging Market is 0.08 (i.e., Significant 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 -0.01 (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 nation.

Moving together with Federated Mutual Fund

  0.94EMDIX Federated Emerging MarketPairCorr
  0.87QKACX Federated Mdt AllPairCorr
  0.89QKBGX Federated Mdt BalancedPairCorr
  0.91SBFIX Federated Global AllPairCorr
  0.86FRIEX Federated Hermes EmergingPairCorr
  0.94STFSX Federated StrategicPairCorr
  0.94STIAX Federated StrategicPairCorr
  0.95STILX Federated StrategicPairCorr
  0.95STISX Federated StrategicPairCorr
  0.92FRSAX Federated Floating RatePairCorr
  0.9FSBCX Federated Global AllPairCorr
  0.91FSBKX Federated Global AllPairCorr
  0.91FSBLX Federated Global AllPairCorr
  0.87QLSGX Federated Mdt SmallPairCorr
  0.86QLSCX Federated Mdt SmallPairCorr
  0.93FSGVX Federated U SPairCorr
  0.96FSHIX Federated Short-intermediaPairCorr
  0.89FSGIX Federated Gov SecPairCorr
  0.98INISX Federated IntermediatePairCorr
  0.95FSHSX Federated Short IntePairCorr
  0.99FSILX Federated Short TermPairCorr
  1.0FSTIX Federated Short TermPairCorr
  0.88FSTKX Federated Mdt LargePairCorr
  0.88FSTLX Federated Mdt LargePairCorr
  0.88FSTRX Federated Mdt LargePairCorr
  1.0FSTYX Federated Short TermPairCorr
  0.89FSTBX Federated Global AllPairCorr
  0.86PIEFX Pnc Emerging MarketsPairCorr
  0.82PIGDX Pnc International GrowthPairCorr
  0.89SVALX Federated Strategic ValuePairCorr
  0.72FTGLX Federated Total ReturnPairCorr
  0.69FTGSX Federated Total ReturnPairCorr
  0.89SVAAX Federated Strategic ValuePairCorr
  0.88SVAIX Federated Strategic ValuePairCorr
  0.89SVACX Federated Strategic ValuePairCorr
  0.84PIUCX Pnc International EquityPairCorr
  0.85PIUIX Pnc International EquityPairCorr
  0.71RRFAX Federated Real ReturnPairCorr
  0.66RRFCX 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-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  0.19  0.09 (0.13) 1.31  0.00 
(0.29)
 0.51 
(0.25)
 1.10 
QKACX  0.65  0.16  0.17  0.30  0.43 
(0.82)
 1.97 
(1.28)
 4.99 
QKBGX  0.40  0.09  0.05  0.29  0.24 
(0.45)
 1.29 
(0.88)
 2.90 
SBFIX  0.36  0.09  0.04  0.32  0.00 
(0.43)
 1.11 
(0.71)
 2.23 
FRIEX  0.66  0.19  0.17  0.50  0.19 
(0.77)
 2.36 
(1.08)
 4.12 
STFSX  0.18  0.02 (0.31) 0.27  0.02 
(0.23)
 0.49 
(0.36)
 1.11 
STIAX  0.19  0.02 (0.34) 0.26  0.08 
(0.22)
 0.37 
(0.36)
 1.10 
STILX  0.18  0.03 (0.34) 0.40  0.00 
(0.22)
 0.37 
(0.25)
 0.87 
STISX  0.16  0.03 (0.32) 0.46  0.00 
(0.21)
 0.37 
(0.25)
 1.00 
FRSAX  0.07  0.03  0.00  1.19  0.00 
 0.00 
 0.24 
 0.00 
 0.70 

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