Federated Floating Correlations

FRSAX Fund

USD 8.56 0.01 0.12%

The current 90-days correlation between Federated Floating Rate and Dreyfusstandish Global Fixed is 0.02 (i.e., Significant diversification). The correlation of Federated Floating 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 Floating Correlation With Market

Significant diversification

The correlation between Federated Floating Rate and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Floating Rate 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 Floating Rate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with FEDERATED Mutual Fund

0.74	OOSYX	Oppenheimer Senior	Pair Corr
0.92	OOSIX	Oppenheimer Senior	Pair Corr
0.97	LFRIX	Floating Rate	Pair Corr
0.97	LARCX	Floating Rate	Pair Corr
0.97	LFRRX	Lord Abbett Inv	Pair Corr
0.97	LFRFX	Floating Rate	Pair Corr
0.97	LRRRX	Floating Rate	Pair Corr
0.97	LRRTX	Floating Rate	Pair Corr
0.98	LRRVX	Floating Rate	Pair Corr
0.97	LRRKX	Floating Rate	Pair Corr
0.8	GPICX	Guidepath Conservative	Pair Corr
0.69	AXP	American Express	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.71	IBM	International Business	Pair Corr
0.65	GE	GE Aerospace	Pair Corr

Moving against FEDERATED Mutual Fund

0.75	BA	Boeing	Pair Corr
0.65	T	ATT Inc	Pair Corr
0.6	PG	Procter Gamble	Pair Corr
0.59	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr
0.52	VZ	Verizon Communications	Pair Corr
0.52	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	DHGAX	FLDFX	BBISX	LMUSX	ABRTX	RNECX	SMNIX
DHGAX		0.86	0.77	0.81	0.78	0.77	0.36	DHGAX
FLDFX	0.86		0.84	0.97	0.88	0.93	0.29	FLDFX
BBISX	0.77	0.84		0.86	0.79	0.77	0.58	BBISX
LMUSX	0.81	0.97	0.86		0.84	0.88	0.41	LMUSX
ABRTX	0.78	0.88	0.79	0.84		0.95	0.33	ABRTX
RNECX	0.77	0.93	0.77	0.88	0.95		0.23	RNECX
SMNIX	0.36	0.29	0.58	0.41	0.33	0.23		SMNIX
	DHGAX	FLDFX	BBISX	LMUSX	ABRTX	RNECX	SMNIX

Risk-Adjusted Indicators

There is a big difference between FEDERATED Mutual Fund performing well and Federated Floating 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 Floating'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
DHGAX	0.12	0.02	0.01	0.41	0.00	(0.15)	0.25	(0.20)	0.74
FLDFX	0.41	0.02	0.02	0.05	0.56	(0.40)	0.89	(0.73)	2.65
BBISX	0.52	0.06	0.06	(31.90)	0.60	(0.57)	1.11	(1.27)	3.29
LMUSX	0.55	0.05	0.05	0.07	0.77	(0.51)	1.25	(1.38)	3.59
ABRTX	0.46	0.03	0.03	0.08	0.62	(0.45)	0.99	(1.07)	3.81
RNECX	0.73	0.05	0.04	0.07	1.03	(0.71)	1.39	(1.48)	4.90
SMNIX	0.41	0.08	0.10	4.91	0.39	(0.46)	0.87	(0.75)	2.42

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