Federated Government Correlations

Mutual Funds . USA . 
Fund . Federated Government Ultrashort
FGUAX Fund  USD 9.75  0.00  0.00%   
The current 90-days correlation between Federated Government and Gamco Global Opportunity is -0.16 (i.e., Good diversification). The correlation of Federated Government 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 Government Correlation With Market

Significant diversification

The correlation between Federated Government Ultrashor and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Government Ultrashor 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 Government Ultrashort. 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

  0.92FSTLX Federated Mdt LargePairCorr
  0.9PIEFX Pnc Emerging MarketsPairCorr
  0.84PIGDX Pnc International GrowthPairCorr
  0.98FULIX Federated Ultrashort BondPairCorr
  0.87PMIEX Pnc International EquityPairCorr
  0.98FHCOX Federated Hermes ConPairCorr
  0.95FHTIX Federated High YieldPairCorr
  0.67FIPRX Federated Hermes InfPairCorr
  0.83IVFAX Federated InternationalPairCorr
  0.89FMCRX Federated Mid CapPairCorr
  0.94IHICX Federated Emerging MarketPairCorr
  0.66PTSPX Pimco Short TermPairCorr
  0.66PTSHX Short Term FundPairCorr
  0.66PSFAX Short Term FundPairCorr
  0.66PTSRX Short Term FundPairCorr
  0.66PSDNX Putnam Ultra ShortPairCorr
  0.61VUBFX Vanguard Ultra-short-termPairCorr
  0.68PSDRX Putnam Short DurationPairCorr
  0.67PSDYX Putnam Short DurationPairCorr
  0.9DXQLX Direxion Monthly NasdaqPairCorr
  0.9RYVLX Nasdaq 100 2xPairCorr
  0.9RYVYX Nasdaq 100 2xPairCorr
  0.61UOPIX Ultra Nasdaq 100PairCorr
  0.9RYCCX Nasdaq 100 2xPairCorr
  0.9UOPSX Ultranasdaq 100 ProfundPairCorr
  0.62INPIX Internet UltrasectorPairCorr
  0.63INPSX Internet UltrasectorPairCorr
  0.77BIPIX Biotechnology UltrasectorPairCorr
  0.61RAIIX Rainier InternationalPairCorr
  0.62LPWAX Blackrock LifepathPairCorr
  0.62AVSCX Allianz Global InvestorsPairCorr
  0.84AVEAX Ave Maria FocusedPairCorr
  0.67SVARX Spectrum Low VolatilityPairCorr
  0.63GSFSX Goldman Sachs ShortPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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