Federated Ultrashort Correlations

Mutual Funds . USA . 
Fund . Federated Ultrashort Bond
FULAX Fund  USD 9.29  0.01  0.11%   
The current 90-days correlation between Federated Ultrashort Bond and Pnc Emerging Markets is -0.14 (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 0.07 (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

  0.95EMDIX Federated Emerging MarketPairCorr
  0.93QKACX Federated Mdt AllPairCorr
  0.93QKBGX Federated Mdt BalancedPairCorr
  0.94SBFIX Federated Global AllPairCorr
  0.91FRIEX Federated Hermes EmergingPairCorr
  0.93STFSX Federated StrategicPairCorr
  0.93STIAX Federated StrategicPairCorr
  0.95STILX Federated StrategicPairCorr
  0.95STISX Federated StrategicPairCorr
  0.97FRSAX Federated Floating RatePairCorr
  0.94FSBCX Federated Global AllPairCorr
  0.94FSBKX Federated Global AllPairCorr
  0.94FSBLX Federated Global AllPairCorr
  0.92QLSGX Federated Mdt SmallPairCorr
  0.92QLSCX Federated Mdt SmallPairCorr
  0.87FSGVX Federated U SPairCorr
  0.99FSHIX Federated Short-intermediaPairCorr
  0.82FSGIX Federated Gov SecPairCorr
  0.95INISX Federated IntermediatePairCorr
  0.98FSHSX Federated Short IntePairCorr
  0.98FSILX Federated Short TermPairCorr
  0.97FSTIX Federated Short TermPairCorr
  0.93FSTKX Federated Mdt LargePairCorr
  0.93FSTLX Federated Mdt LargePairCorr
  0.93FSTRX Federated Mdt LargePairCorr
  0.98FSTYX Federated Short TermPairCorr
  0.93FSTBX Federated Global AllPairCorr
  0.91PIEFX Pnc Emerging MarketsPairCorr
  0.86PIGDX Pnc International GrowthPairCorr
  0.93SVALX Federated Strategic ValuePairCorr
  0.98FTIAX Federated Short TermPairCorr
  0.92SVAAX Federated Strategic ValuePairCorr
  0.92SVAIX Federated Strategic ValuePairCorr
  0.92SVACX Federated Strategic ValuePairCorr
  0.88PIUCX Pnc International EquityPairCorr
  0.89PIUIX Pnc International EquityPairCorr
  0.63RRFAX Federated Real ReturnPairCorr

Moving against Federated Mutual Fund

  0.91BEARX 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.

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