Federated Government Correlations

Mutual Funds . USA . 
Fund . Federated Government Income
FITSX Fund  USD 8.88  0.03  0.34%   
The current 90-days correlation between Federated Government and Putnam Global Technology is 0.02 (i.e., Significant 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 Income and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Government Income 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 Income. 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 state.

Moving together with Federated Mutual Fund

  0.98VFIJX Vanguard GnmaPairCorr
  0.95VSIGX Vanguard IntermediatePairCorr
  0.89UGSFX Us Government SecuritiesPairCorr
  0.97AMUSX Us Government SecuritiesPairCorr
  0.98FSUGX American Funds GovernmentPairCorr
  0.96UGSCX Us Government SecuritiesPairCorr
  0.98FSUUX American Funds GovernmentPairCorr
  0.97VMBSX Vanguard Mortgage-backedPairCorr
  0.98VFIIX Vanguard GnmaPairCorr
  0.97FUTBX Fidelity Sai TreasuryPairCorr
  0.63HLDIX Hartford EmergingPairCorr
  0.63HLDAX Hartford EmergingPairCorr
  0.64HLDCX Hartford EmergingPairCorr
  0.63HLDTX Hartford EmergingPairCorr
  0.66HBLYX Hartford BalancedPairCorr
  0.64FFFCX Fidelity Freedom 2010PairCorr

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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