Federated Hermes Correlations

Mutual Funds . USA . 
Fund . Federated Hermes Emerging
FRIEX Fund  USD 18.18  0.01  0.06%   
The current 90-days correlation between Federated Hermes Emerging and Hartford International Equity is -0.09 (i.e., Good 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

Good diversification

The correlation between Federated Hermes Emerging and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Hermes Emerging 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 Hermes Emerging. 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 income.

Moving together with Federated Mutual Fund

  0.95EMDIX Federated Emerging MarketPairCorr
  0.97QKACX Federated Mdt AllPairCorr
  0.98QKBGX Federated Mdt BalancedPairCorr
  0.97SBFIX Federated Global AllPairCorr
  0.9STFSX Federated StrategicPairCorr
  0.9STIAX Federated StrategicPairCorr
  0.93STILX Federated StrategicPairCorr
  0.93STISX Federated StrategicPairCorr
  0.96FRSAX Federated Floating RatePairCorr
  0.97FSBCX Federated Global AllPairCorr
  0.97FSBKX Federated Global AllPairCorr
  0.97FSBLX Federated Global AllPairCorr
  0.98QLSGX Federated Mdt SmallPairCorr
  0.97QLSCX Federated Mdt SmallPairCorr
  0.65FSGVX Federated U SPairCorr
  0.94FSHIX Federated Short-intermediaPairCorr
  0.85INISX Federated IntermediatePairCorr
  0.95FSHSX Federated Short IntePairCorr
  0.86FSILX Federated Short TermPairCorr
  0.85FSTIX Federated Short TermPairCorr
  0.97FSTKX Federated Mdt LargePairCorr
  0.96FSTLX Federated Mdt LargePairCorr
  0.97FSTRX Federated Mdt LargePairCorr
  0.86FSTYX Federated Short TermPairCorr
  0.98FSTBX Federated Global AllPairCorr
  1.0PIEFX Pnc Emerging MarketsPairCorr
  0.96PIGDX Pnc International GrowthPairCorr
  0.88SVALX Federated Strategic ValuePairCorr
  0.85FTIAX Federated Short TermPairCorr
  0.87SVAAX Federated Strategic ValuePairCorr
  0.89SVAIX Federated Strategic ValuePairCorr
  0.88SVACX Federated Strategic ValuePairCorr
  0.97PIUCX Pnc International EquityPairCorr
  0.97PIUIX Pnc International EquityPairCorr

Related Correlations Analysis

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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.

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