Federated Floating Correlations

Mutual Funds . USA . 
Fund . Federated Floating Rate
FRSAX Fund  USD 8.60  0.01  0.12%   
The current 90-days correlation between Federated Floating Rate and Mid Cap Growth Profund is 0.17 (i.e., Average 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

Average diversification

The correlation between Federated Floating Rate and DJI is 0.15 (i.e., Average 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 signals in nation.

Moving together with Federated Mutual Fund

  0.96EMDIX Federated Emerging MarketPairCorr
  0.98QKACX Federated Mdt AllPairCorr
  0.98QKBGX Federated Mdt BalancedPairCorr
  0.98SBFIX Federated Global AllPairCorr
  0.96FRIEX Federated Hermes EmergingPairCorr
  0.92STFSX Federated StrategicPairCorr
  0.92STIAX Federated StrategicPairCorr
  0.95STILX Federated StrategicPairCorr
  0.95STISX Federated StrategicPairCorr
  0.98FSBCX Federated Global AllPairCorr
  0.98FSBKX Federated Global AllPairCorr
  0.98FSBLX Federated Global AllPairCorr
  0.98QLSGX Federated Mdt SmallPairCorr
  0.97QLSCX Federated Mdt SmallPairCorr
  0.72FSGVX Federated U SPairCorr
  0.97FSHIX Federated Short-intermediaPairCorr
  0.64FSGIX Federated Gov SecPairCorr
  0.88INISX Federated IntermediatePairCorr
  0.99FSHSX Federated Short IntePairCorr
  0.92FSILX Federated Short TermPairCorr
  0.9FSTIX Federated Short TermPairCorr
  0.98FSTKX Federated Mdt LargePairCorr
  0.98FSTLX Federated Mdt LargePairCorr
  0.98FSTRX Federated Mdt LargePairCorr
  0.9FSTYX Federated Short TermPairCorr
  0.98FSTBX Federated Global AllPairCorr
  0.96PIEFX Pnc Emerging MarketsPairCorr
  0.94PIGDX Pnc International GrowthPairCorr
  0.93SVALX Federated Strategic ValuePairCorr
  0.9FTIAX Federated Short TermPairCorr
  0.92SVAAX Federated Strategic ValuePairCorr
  0.93SVAIX Federated Strategic ValuePairCorr
  0.92SVACX Federated Strategic ValuePairCorr
  0.96PIUCX Pnc International EquityPairCorr
  0.96PIUIX 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 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.

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