Federated Prudent Correlations

PBRCX Fund  USD 3.52  0.02  0.56%   
The current 90-days correlation between Federated Prudent Bear and Schwab Health Care is 0.15 (i.e., Average diversification). The correlation of Federated Prudent 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 Prudent Correlation With Market

Average diversification

The correlation between Federated Prudent Bear and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Prudent Bear and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Federated Prudent Bear. 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 main economic indicators.

Moving against Federated Mutual Fund

  0.99FSBCX Federated Global AllPairCorr
  0.99QLSGX Federated Mdt SmallPairCorr
  0.98QLSCX Federated Mdt SmallPairCorr
  0.97FRSAX Federated Floating RatePairCorr
  0.94EMDIX Federated Emerging MarketPairCorr
  0.94FSHIX Federated Short-intermediaPairCorr
  0.92STISX Federated StrategicPairCorr
  0.75QKACX Federated Mdt AllPairCorr
  0.73QKBGX Federated Mdt BalancedPairCorr
  0.73SBFIX Federated Global AllPairCorr
  0.73FSBKX Federated Global AllPairCorr
  0.73FSBLX Federated Global AllPairCorr
  0.7FRIEX Federated Hermes EmergingPairCorr
  0.68STILX Federated StrategicPairCorr
  0.63STIAX Federated StrategicPairCorr
  0.63FSGVX Federated U SPairCorr
  0.61STFSX Federated StrategicPairCorr
  0.99FSTKX Federated Mdt LargePairCorr
  0.99FSTRX Federated Mdt LargePairCorr
  0.94FSHSX Federated Short IntePairCorr
  0.89SVALX Federated Strategic ValuePairCorr
  0.89SVAAX Federated Strategic ValuePairCorr
  0.85FTIAX Federated Short TermPairCorr
  0.83INISX Federated IntermediatePairCorr
  0.75FSTLX Federated Mdt LargePairCorr
  0.73FSTBX Federated Global AllPairCorr
  0.7PIEFX Pnc Emerging MarketsPairCorr
  0.69FSTYX Federated Short TermPairCorr
  0.68FSTIX Federated Short TermPairCorr
  0.66FSILX Federated Short TermPairCorr
  0.65PIGDX Pnc International GrowthPairCorr
  0.56FSGIX Federated Gov SecPairCorr
  0.36FTGLX Federated Total ReturnPairCorr
  0.33FTGSX Federated Total ReturnPairCorr
  0.97PIUCX Pnc International EquityPairCorr
  0.97PIUIX Pnc International EquityPairCorr
  0.89SVACX Federated Strategic ValuePairCorr
  0.89FULIX Federated Ultrashort BondPairCorr
  0.72FULAX Federated Ultrashort BondPairCorr
  0.72FULBX Federated Ultrashort BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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