Federated Prudent Correlations
PBRIX Fund | USD 4.47 0.03 0.67% |
The current 90-days correlation between Federated Prudent Bear and Federated Emerging Market is 0.12 (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
Pay attention - limited upside
The correlation between Federated Prudent Bear and DJI is -0.91 (i.e., Pay attention - limited upside) 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.
Federated |
Moving against Federated Mutual Fund
1.0 | QKACX | Federated Mdt All | PairCorr |
0.99 | SBFIX | Federated Global All | PairCorr |
0.99 | FSBCX | Federated Global All | PairCorr |
0.99 | FSBKX | Federated Global All | PairCorr |
0.99 | FSBLX | Federated Global All | PairCorr |
0.99 | QLSGX | Federated Mdt Small | PairCorr |
0.98 | QKBGX | Federated Mdt Balanced | PairCorr |
0.98 | QLSCX | Federated Mdt Small | PairCorr |
0.97 | FRSAX | Federated Floating Rate | PairCorr |
0.96 | FRIEX | Federated Hermes Emerging | PairCorr |
0.94 | EMDIX | Federated Emerging Market | PairCorr |
0.94 | FSHIX | Federated Short-intermedia | PairCorr |
0.93 | STILX | Federated Strategic | PairCorr |
0.93 | STISX | Federated Strategic | PairCorr |
0.9 | STFSX | Federated Strategic | PairCorr |
0.9 | STIAX | Federated Strategic | PairCorr |
0.67 | FSGVX | Federated U S | PairCorr |
0.99 | FSTLX | Federated Mdt Large | PairCorr |
0.98 | FSTKX | Federated Mdt Large | PairCorr |
0.98 | FSTRX | Federated Mdt Large | PairCorr |
0.98 | FSTBX | Federated Global All | PairCorr |
0.96 | PIEFX | Pnc Emerging Markets | PairCorr |
0.96 | PIGDX | Pnc International Growth | PairCorr |
0.94 | FSHSX | Federated Short Inte | PairCorr |
0.91 | SVALX | Federated Strategic Value | PairCorr |
0.89 | SVAAX | Federated Strategic Value | PairCorr |
0.87 | FSILX | Federated Short Term | PairCorr |
0.87 | FSTYX | Federated Short Term | PairCorr |
0.87 | FTIAX | Federated Short Term | PairCorr |
0.86 | INISX | Federated Intermediate | PairCorr |
0.86 | FSTIX | Federated Short Term | PairCorr |
0.57 | FSGIX | Federated Gov Sec | PairCorr |
0.41 | FTGLX | Federated Total Return | PairCorr |
0.38 | FTGSX | Federated Total Return | PairCorr |
0.96 | PIUCX | Pnc International Equity | PairCorr |
0.96 | PIUIX | Pnc International Equity | PairCorr |
0.92 | FULAX | Federated Ultrashort Bond | PairCorr |
0.92 | FULBX | Federated Ultrashort Bond | PairCorr |
0.89 | SVAIX | Federated Strategic Value | PairCorr |
0.89 | SVACX | Federated Strategic Value | PairCorr |
Related Correlations Analysis
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
EMDIX | 0.23 | 0.13 | (0.15) | (2.92) | 0.00 | 0.51 | 1.84 | |||
QKACX | 0.67 | 0.15 | 0.16 | 0.33 | 0.40 | 1.97 | 4.99 | |||
QKBGX | 0.45 | 0.16 | (0.03) | (0.96) | 0.52 | 1.29 | 2.90 | |||
SBFIX | 0.38 | 0.10 | 0.02 | 0.37 | 0.00 | 1.11 | 2.23 | |||
FRIEX | 0.73 | 0.32 | 0.21 | (11.01) | 0.00 | 2.37 | 4.68 | |||
STFSX | 0.19 | 0.04 | (0.42) | (0.92) | 0.05 | 0.49 | 1.25 | |||
STIAX | 0.20 | 0.04 | (0.47) | (1.01) | 0.08 | 0.37 | 1.24 | |||
STILX | 0.19 | 0.06 | (0.47) | (1.03) | 0.00 | 0.38 | 1.51 | |||
STISX | 0.18 | 0.06 | (0.45) | (1.25) | 0.00 | 0.38 | 1.39 | |||
FRSAX | 0.08 | 0.03 | 0.00 | 2.39 | 0.00 | 0.24 | 0.70 |