Federated Ultrashort Correlations

FULAX Fund  USD 9.29  0.01  0.11%   
The current 90-days correlation between Federated Ultrashort Bond and Pnc Emerging Markets is -0.01 (i.e., Good diversification). The correlation of Federated Ultrashort 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 Ultrashort Correlation With Market

Significant diversification

The correlation between Federated Ultrashort Bond and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Ultrashort Bond 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 Ultrashort Bond. 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

  0.67EMDIX Federated Emerging MarketPairCorr
  0.83QKACX Federated Mdt AllPairCorr
  0.84QKBGX Federated Mdt BalancedPairCorr
  0.86SBFIX Federated Global AllPairCorr
  0.81FRIEX Federated Hermes EmergingPairCorr
  0.64STFSX Federated StrategicPairCorr
  0.87STIAX Federated StrategicPairCorr
  0.88STILX Federated StrategicPairCorr
  0.67STISX Federated StrategicPairCorr
  0.69FRSAX Federated Floating RatePairCorr
  0.68FSBCX Federated Global AllPairCorr
  0.94FSBKX Federated Global AllPairCorr
  0.68FSBLX Federated Global AllPairCorr
  0.67QLSGX Federated Mdt SmallPairCorr
  0.64QLSCX Federated Mdt SmallPairCorr
  0.71FSGVX Federated U SPairCorr
  0.76FSHIX Federated Short-intermediaPairCorr
  0.71FSGIX Federated Gov SecPairCorr
  0.75INISX Federated IntermediatePairCorr
  0.72FSHSX Federated Short IntePairCorr
  0.74FSILX Federated Short TermPairCorr
  0.77FSTIX Federated Short TermPairCorr
  0.69FSTKX Federated Mdt LargePairCorr
  0.83FSTLX Federated Mdt LargePairCorr
  0.69FSTRX Federated Mdt LargePairCorr
  0.77FSTYX Federated Short TermPairCorr
  0.92FSTBX Federated Global AllPairCorr
  0.81PIEFX Pnc Emerging MarketsPairCorr
  0.79PIGDX Pnc International GrowthPairCorr
  0.66SVALX Federated Strategic ValuePairCorr
  0.77FTIAX Federated Short TermPairCorr
  0.66SVAAX Federated Strategic ValuePairCorr
  0.82SVAIX Federated Strategic ValuePairCorr

Moving against Federated Mutual Fund

  0.7BEARX Federated Prudent BearPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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