Federated Hermes Correlations
| FIPRX Fund | USD 9.84 0.01 0.10% |
The current 90-days correlation between Federated Hermes Inf and Columbia High Yield is 0.36 (i.e., Weak diversification). The correlation of Federated Hermes 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 Hermes Correlation With Market
Average diversification
The correlation between Federated Hermes Inflation and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Hermes Inflation and DJI in the same portfolio, assuming nothing else is changed.
Federated |
Moving together with Federated Mutual Fund
| 1.0 | VIPSX | Vanguard Inflation | PairCorr |
| 1.0 | VIPIX | Vanguard Inflation | PairCorr |
| 0.98 | FLIBX | American Funds Inflation | PairCorr |
| 0.88 | BFIFX | American Funds Inflation | PairCorr |
| 0.75 | SWZ | Swiss Helvetia Closed | PairCorr |
| 0.81 | VZ | Verizon Communications Earnings Call This Week | PairCorr |
| 0.73 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.61 | MCD | McDonalds | PairCorr |
Moving against Federated Mutual Fund
| 0.74 | AXP | American Express | PairCorr |
| 0.69 | HD | Home Depot | PairCorr |
| 0.61 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.6 | CISGX | Touchstone Sands Capital | PairCorr |
| 0.57 | WMT | Walmart Aggressive Push | PairCorr |
| 0.52 | JPM | JPMorgan Chase | PairCorr |
| 0.48 | AA | Alcoa Corp Downward Rally | PairCorr |
| 0.45 | DIS | Walt Disney | PairCorr |
| 0.41 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.36 | LSHEX | Kinetics Spin Off | PairCorr |
| 0.35 | LSHUX | Horizon Spin Off | PairCorr |
Related Correlations Analysis
| 0.82 | 0.85 | 0.0 | 0.89 | 0.9 | CHMCX | ||
| 0.82 | 0.97 | 0.0 | 0.95 | 0.88 | JYHRX | ||
| 0.85 | 0.97 | 0.0 | 0.98 | 0.91 | PAXHX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TGHNX | ||
| 0.89 | 0.95 | 0.98 | 0.0 | 0.94 | PBHAX | ||
| 0.9 | 0.88 | 0.91 | 0.0 | 0.94 | ABHIX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Federated Mutual Fund performing well and Federated Hermes 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 Hermes' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHMCX | 0.41 | (0.02) | 0.00 | (0.19) | 0.00 | 0.66 | 4.60 | |||
| JYHRX | 0.17 | (0.02) | 0.00 | (0.59) | 0.00 | 0.31 | 1.39 | |||
| PAXHX | 0.19 | (0.01) | 0.00 | (0.52) | 0.00 | 0.50 | 1.50 | |||
| TGHNX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PBHAX | 0.20 | (0.02) | 0.00 | (0.37) | 0.00 | 0.42 | 2.11 | |||
| ABHIX | 0.19 | (0.01) | 0.00 | (0.23) | 0.00 | 0.40 | 1.58 |